The financial underwriting, evaluation, and terms of C-PACER Financing Arrangements are the responsibility of the Capital Provider. Notwithstanding the foregoing, a C-PACER Financing Arrangement may not include a security interest of any kind in the Eligible Property, a Qualified Improvement, or the Qualified Project, other than the C-PACER Lien, unless subordinate to the C-PACER Lien.