SECURITY AGREEMENTSecurity Agreement • January 25th, 2024 • California
Contract Type FiledJanuary 25th, 2024 JurisdictionThis SECURITY AGREEMENT (this “Agreement”) dated as of August 24, 2021 (the “Effective Date”), is entered into by and among City of Member City, a California municipal corporation and charter city, as pledgor (“Member City”), and River City Bank, a California corporation, not in its individual capacity, but solely as collateral agent (in such capacity, together with its successors and permitted assigns in such capacity, the “Collateral Agent”), for the benefit of the PPA Providers (as defined below) and California Choice Energy Authority, a California joint powers authority (“CCEA”), as Secured Creditor (as defined below).