The Assignment and Pledge. The Assignment and Pledge of Revenues and Funds. The Authority assigns and pledges to the Trustee in trust upon the terms hereof (a) all Revenues to be received from the Company or derived from any security provided hereunder, including the subordinated security interest granted by the Company herein in the Project, and (b) all rights to receive such Revenues and the proceeds of such rights. This assignment and pledge does not include the rights of the Authority pursuant to Sections 311(b)(i), 504 and 911.
Appears in 2 contracts
Sources: Loan and Trust Agreement (Tampa Electric Co), Loan and Trust Agreement (Teco Energy Inc)