Common use of Collateral and Collateral Assignment Clause in Contracts

Collateral and Collateral Assignment. As security for their obligations under the Notes and the Indenture, the Issuers have granted security interests to the Trustee, on behalf of itself and the holders of Notes, in certain assets and have collaterally assigned certain contracts to the Trustee. As further security for their obligations under the Notes and the Indenture, the Issuers also have granted pursuant to the Pledge Agreement a security interest to the Trustee, on behalf of itself and the holders of the Notes, in all of the Issuers’ right, title and interest in the Construction Disbursement Account, the Interest Reserve Account and the Disbursed Funds Account (as defined herein) and any Proceeds or other amounts held in any such accounts.

Collateral and Collateral Assignment. As security for their obligations under the Notes and the Indenture, the Issuers have granted security interests to the Trustee, on behalf of itself and the holders of Notes, in certain assets and have has collaterally assigned certain contracts to the Trustee. As further security for their its obligations under the Notes and the Indenture, the Issuers also have granted pursuant to the Pledge Agreement a security interest to the Trustee, on behalf of itself and the holders of the Notes, in all of the Issuers’ right, title and interest in the Construction Renovation Disbursement Account, the Interest Reserve Account and the Disbursed Funds Account (as defined herein) and any Proceeds or other amounts held in any such accounts.

Collateral and Collateral Assignment. As security for their its obligations under the Notes and the Indenture, the Issuers have Issuer has granted security interests to the Trustee, on behalf of itself and the holders of Notes, in certain assets and have has collaterally assigned certain contracts to the Trustee. As further security for their its obligations under the Notes and the Indenture, the Issuers Issuer also have granted pursuant to the Pledge Agreement has granted, and hereby grants, a security interest to the Trustee, on behalf of itself and the holders of the Notes, in all of the Issuers’ Issuer's right, title and interest in the Construction Disbursement Account, the Completion Reserve Account, the Interest Reserve Account and Account, the Disbursed Funds Account (as defined herein) and any Proceeds or other amounts held in any such accounts.