Common use of Refinancing Gain Clause in Contracts

Refinancing Gain. TxDOT’s rights to share in any Refinancing Gain are set forth in Part D of Exhibit 7. Xxxxxxxxx agrees to pay TxDOT such share of Refinancing Gain as compensation to TxDOT in exchange for TxDOT’s grant to Developer of rights to impose and receive tolls pursuant to this Agreement and as rent for the use and operation of the Project pursuant to the Lease.

Appears in 3 contracts

Samples: Comprehensive Development Agreement, Comprehensive Development Agreement, Comprehensive Development Agreement

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Refinancing Gain. TxDOT’s rights to share in any Refinancing Gain are set forth in Part D B of Exhibit 7. Xxxxxxxxx agrees to pay TxDOT such share of Refinancing Gain as compensation to TxDOT in exchange for TxDOT’s grant to Developer of rights to impose and receive tolls pursuant to this Agreement and as rent for the use and operation of the Project Facility pursuant to the Lease.

Appears in 1 contract

Samples: Comprehensive Development Agreement

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