Examples of Original Security Agreement in a sentence
Prior to the Phase 2 Completion Date, moneys in the Bond Proceeds (Project Costs) Subaccount and the HPTE Capital Subaccount, were disbursed (subject to Section 4.03(e) of the Original Security Agreement) by the Security Trustee to the Concessionaire to pay, or reimburse for a prior payment of construction related Project Costs contemplated in Section 4.03(d)(ii) of the Original Security Agreement (for certainty not including any Debt Service) in the manner and at the time contemplated in such section.
Each reference to the “Master Security Agreement” or “MSA” in any Funding Document or Material Project Contract shall be deemed to be a reference to the Original Security Agreement as amended and restated hereby.
This Agreement amends and restates the Original Security Agreement in its entirety.
There shall be deposited into the Subordinated Debt Subaccount (A) all proceeds of each disbursement of the Assumed Subordinated Loan; (B) any draws on Subordinated Debt Letters of Credit as contemplated in Section 5.11 of the Original Security Agreement and (C) any other moneys received by the Security Trustee that are accompanied by written directions that such moneys are to be deposited into the Subordinated Debt Subaccount.
Capitalised terms defined in the Original Security Agreement have, unless expressly defined in this Deed, the same meaning in this Deed or any notice given under or in connection with this Deed.