Project Collateral Sample Clauses
Project Collateral. Property Owner shall submit Project Collateral in a form accepted by Weld County to guarantee completion of any off-site improvements. Such collateral must be equivalent to One-Hundred Percent (100%) of the value of the improvements as shown in this Agreement. This collateral must be submitted to County upon the execution of this Agreement, or at a time determined acceptable by the BOCC, and shall be held in total by County until such improvements are accepted and collateral is released by the BOCC.
Project Collateral. As security for the Debt Obligation and all of the Funding Recipient’s obligations thereunder and hereunder, the Funding Recipient agrees to execute and deliver or cause to be executed and delivered to the Authority the Project Collateral identified in the Project Specific Terms, attached hereto as Exhibit A. The Funding Recipient shall execute and deliver such additional documents and instruments as the Authority shall reasonably require in order to perfect and continue the perfection of the Authority’s interest in any of the Project Collateral.
Project Collateral. Type Description