Common use of Security for Bonds Clause in Contracts

Security for Bonds. The Bonds are to be issued under and secured by the Indenture, pursuant to which the Issuer’s right, title and interest in this Lease (except for certain rights of indemnification, payment of expenses and right to inspect the Project), and the rents, revenues and receipts received by Issuer pursuant to this Lease will be assigned to the Trustee and pledged as security for the payment of the principal of, redemption premium, if any, and interest on the Bonds.

Security for Bonds. The Bonds are to be issued under and secured by the Indenture, pursuant to which the Issuer’s right, title and interest in this Lease (except for certain rights of indemnification, indemnification and payment of expenses and right to inspect the Projectexpenses), and the rents, revenues and receipts received by Issuer pursuant to this Lease arising out of or in connection with the Issuer’s ownership of the Project will be assigned to the Trustee and pledged as security for the payment of the principal of, redemption premium, if any, of and interest on the Bonds.