Common use of PRESERVATION OF FUNDS Clause in Contracts

PRESERVATION OF FUNDS. Notwithstanding the other provisions of this Agreement and the terms and conditions of the Initial Project Financing Agreements, the Collateral Agent agrees for itself and on behalf of the Lenders that it will not exercise any rights under the Initial Project Financing Agreements or take any other steps that would prejudice the operation of Sections 9.05 (Major Maintenance Reserve Fund), 17.07 (Restoration; Insurance Proceeds) or 20.02 (Handback Obligations and Reserve) of the Comprehensive Agreement.

PRESERVATION OF FUNDS. Notwithstanding the other provisions of this Agreement and the terms and conditions of the Initial Combined Project Financing Agreements, the Collateral Agent agrees for itself and on behalf of the Lenders that it will not exercise any rights under the Initial Combined Project Financing Agreements or take any other steps that would prejudice the operation of Sections 9.05 5.11 (Annual Transit Investment), 9.04 (Major Maintenance Reserve Fund), 17.07 (Restoration; Insurance Proceeds) or ), and 20.02 (Handback Obligations and Reserve) of the Comprehensive AgreementSecond ARCA.

PRESERVATION OF FUNDS. Notwithstanding the other provisions of this Agreement and the terms and conditions of the Initial Combined Project Financing Agreements, the Collateral Agent agrees for itself and on behalf of the Lenders that it will not exercise any rights under the Initial Combined Project Financing Agreements or take any other steps that would prejudice the operation of Sections 9.05 5.11 (Annual Transit Investment), 9.04 (Major Maintenance Reserve Fund), 17.07 (Restoration; Insurance Proceeds) or and 20.02 (Handback Obligations and Reserve) of the Comprehensive Agreement.

PRESERVATION OF FUNDS. Notwithstanding the other provisions of this Agreement and the terms and conditions of the Initial Combined Project Financing Agreements, the Collateral Agent agrees for itself and on behalf of the Lenders that it will not exercise any rights under the Initial Combined Project Financing Agreements or take any other steps that would prejudice the operation of Sections 9.05 4.08 (Transit and Corridor Investment), 8.08 (Major Maintenance Reserve Fund), 17.07 (Restoration; Insurance ProceedsReserve) or 20.02 and 16.09 (Handback Obligations and Reserve) of the Comprehensive AgreementSecond ARCA.

PRESERVATION OF FUNDS. Notwithstanding the other provisions of this Agreement and the terms and conditions of the Initial Combined Project Financing Agreements, the Collateral Agent agrees for itself and on behalf of the Lenders that it will not exercise any rights under the Initial Combined Project Financing Agreements or take any other steps that would prejudice the operation of Sections 5.11 (Annual Transit Investment), 9.05 (Major Maintenance Reserve Fund), 17.07 (Restoration; Insurance Proceeds) or ), and 20.02 (Handback Obligations and Reserve) of the Comprehensive Agreement.

PRESERVATION OF FUNDS. Notwithstanding the other provisions of this Agreement and the terms and conditions of the Initial Project Financing Agreements, the Collateral Agent agrees for itself and on behalf of the Lenders that it will shall not exercise any rights under the Initial Project Financing Agreements or take any other steps that would prejudice the operation of Sections 9.05 (Major Maintenance Reserve Fund), 17.07 (Restoration; Insurance Proceeds) or 20.02 (Handback Obligations and Reserve) of the Comprehensive Agreement.