Common use of TxDOT’s Recoverable Costs Clause in Contracts

TxDOT’s Recoverable Costs. Regardless of whether a proposed Refinancing actually closes, Developer shall reimburse TxDOT for all TxDOT’s Recoverable Costs in connection with (a) assistance provided by TxDOT in connection with a Refinancing, other than delivering a consent and estoppel certificate under Section 2.9 of the Lenders’ Direct Agreement or any direct lender agreement pursuant to Section 32.1, and (b) assessing any Refinancing Gain and TxDOT’s share thereof. TxDOT shall provide Developer an invoice for such costs within 30 days of receipt of notice of the Refinancing Gain. Developer shall remit reimbursement to TxDOT at the closing to the extent TxDOT has delivered to Developer the invoice at least two Business Days prior to the scheduled date of closing or, otherwise, within 10 days after delivery of such invoice.

TxDOT’s Recoverable Costs. Regardless of whether a proposed Refinancing actually closes, Developer shall reimburse TxDOT for all TxDOT’s Recoverable Costs in connection with (a) assistance provided by TxDOT in connection with a Refinancing, other than delivering a consent and estoppel certificate under Section 2.9 of the Lenders’ Direct Agreement or any direct lender agreement pursuant to Section 32.1, and (b) assessing any Refinancing Gain and TxDOT’s share thereof. TxDOT shall provide Developer an invoice for such costs within 30 days of receipt of notice of the Refinancing Gain. Developer shall remit reimbursement to TxDOT at the closing to the extent TxDOT has delivered to Developer the invoice at least two Business Days prior to the scheduled date of closing or, otherwise, within 10 days after delivery of such invoice.