Security Respecting OSEG Waterfall Distributions From Sales of Teams Sample Clauses

Security Respecting OSEG Waterfall Distributions From Sales of Teams. In the event that there shall be a sale of either or both of the CFL Team and the Ottawa 67’s pursuant to Section 25.6(b) of the Project Agreement and the net proceeds from the sale result in payments to OSEG from the Waterfall, OSEG shall provide the Limited Partnership with a letter of credit in form mutually agreed upon with the City, each acting reasonably (the “Security LC”), which Security LC shall be:
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