Faith and Credit. To the extent permitted by law, the obligations and debt incurred by Recipient under this Agreement shall be backed by the full faith, credit and taxing power of the Recipient.
Faith and Credit. The Loan Note Guarantee—DARBE con- stitutes an obligation supported by the full faith and credit of the United States and is incontestable except for fraud or misrepre- sentation of which the Lender has actual knowledge at the time it became such Lend- er or which Lender participates in or con- xxxxx. Any note which provides for the pay- ment of interest on interest shall not be guaranteed. Any Loan Note Guarantee— DARBE or Assignment Guarantee Agree- ment—DARBE attached to or relating to a note which provides for payment of interest on interest is void. The Loan Note Guarantee—DARBE will be unenforceable by the Lender to the extent any loss is occasioned by violation of usury laws, negligent servicing, or failure to obtain the required security regardless of the time at which FmHA or its successor agency under Public Law 103–354 acquires knowledge of the foregoing. Any losses will be unen- forceable by the Lender to the extent that loan funds are used for purposes other than those specifically approved by FmHA or its successor agency under Public Law 103–354 in its Conditional Commitment for Guarantee. Negligent servicing is defined as the failure to perform those services which a reasonably prudent Lender would perform in servicing its own portfolio of loans that are not guar- anteed. The term includes not only the con- cept of a failure to act but also not acting in a timely manner or acting in a manner con- trary to the manner in which a reasonably prudent Xxxxxx would act up to the time of loan maturity or until a final loss is paid. Public reporting burden for this collection of in- formation is estimated to average 11⁄2 hours per response, including the time for revie ing in- structions, searching existing data sources, gathering and maintaining the data needed, and completing and revie ing the collection of information. Send comments regarding this bur- den estimate or any other aspect of this collec- tion of information including suggestions for re- ducing this burden, to Department of Agri- culture, Clearance Officer, OIRM, Room 404–W, Washington, D.C. 20250; and to the Office of Management and Budget, Paper ork Reduction Project (OMB No. 0575–0029), Washington, D.C. 20503.
Faith and Credit. Neither Party shall extend the faith or credit of the other to any third person or entity.
Faith and Credit. The Charter School agrees that it will not attempt to, purport to, or actually extend the faith and credit of the District to any third party or entity. JRCS acknowledges and agrees that the obligations of JRCS under any agreement or contract are solely the responsibility of JRCS and are not the responsibility of the District, that creditors of JRCS shall have no recourse against the District or its assets in the event of a default by JRCS with respect to its obligations under such agreement or instrument, that JRCS has no authority to enter into a contract that would bind the District, and that it shall include a statement to this effect in each contract it enters into with a third party obligating JRCS in an amount exceeding one thousand dollars ($1,000). Such statement shall take the form specified in Exhibit G. JRCS acknowledges and agrees that the Charter School’s authority to contract is limited by the same provisions in law or District policy that apply to the District itself.
Faith and Credit. Neither Party shall extend the faith or credit of the other to any third person or entity. This Agreement is not and shall not be construed to be a joint venture between the City and the Partners.
Faith and Credit. SRA agrees that it will not extend the faith and credit of 35 the School District to any third person or entity. SRA acknowledges and agrees that it has no 36 authority to enter into a contract that would bind the School District and that except as provided 37 in this Renewal Contract, SRA’s authority to contract is limited by the same provisions in law or 38 Board policy that apply to the School District itself. SRA also is limited in its authority to 39 contract by the amount of funds obtained from the State, as provided hereunder, plus any funds 40 received by SRA from other lawful sources. SRA Directors are hereby delegated the authority to 41 approve contracts to which SRA is a party, subject to the requirements and limitations of the 42 Wyoming Constitution, state law, School Board-approved policies and the provisions of this 43 Renewal Contract. 44 SRA agrees to indemnify and hold harmless the School District from and 45 against, and to reimburse the School District with respect to, any and all loss, damage, liability, 46 cost and expense, including reasonable attorneys’ fees, incurred by School District by reason of 1 or arising out of or in connection with any claim made by a creditor of SRA against the School 2 District. 3
Faith and Credit. The School shall not attempt to, purport to, or actually extend the faith or credit of the School District to any third person or entity. The School acknowledges and agrees that it has no authority to enter into a contract or incur obligations that would bind the School District, including, without limitation, any waiver or modification of the provisions of the Colorado Governmental Immunity Act, C.R.S. §§ 00-00-000 et seq., and it agrees to include a statement to this effect in each contract it enters into with third parties. The School acknowledges that its authority to contract is limited by the same provisions in law or School District policy that apply to the School District itself, including but not limited to Article X, Section 20 of the Colorado Constitution. The School also is limited in its authority to commit its funds by the amount of funds obtained from and held on its behalf by the School District, as provided hereunder, or from other independent sources.
Faith and Credit. Liberty Common agrees that it will not 676 extend the faith and credit of the School District to any third person or entity. Liberty Common 677 acknowledges and agrees that it has no authority to enter into a contract that would bind the 678 School District and that except as provided in this Agreement Liberty Common's authority to 679 contract is limited by the same provisions in law or Board of Education policy that apply to the 680 School District itself. Liberty Common also is limited in its authority to contract by the amount of 681 funds obtained from the School District, as provided hereunder, plus any funds received by 000 Xxxxxxx Xxxxxx from other lawful sources. Liberty Common's Governing Board is hereby 683 delegated the authority to approve contracts to which Liberty Common is a party, subject to the 684 requirements and limitations of the Colorado Constitution, state law, Board of Education- 685 approved policies, and the provisions of this Agreement. 686
Faith and Credit. Neither the District nor the Charter School has the authority or right to incur obligations of any kind in the name of or for the account of the other, nor to unilaterally commit or bind the other to any contract. The Charter School’s authority to contract is limited by the same provisions in law or Board policies and regulations that apply to the District itself. The Charter School also is limited in its authority to contract by the amount of funds obtained from the District, as provided hereunder, or from other independent sources. All contracts, purchase orders, leases and other contractual obligations entered into by the Charter School shall provide that the District incurs no liability or obligation for payment or performance of any obligation or contract entered into by the Charter School, even though actual payment may be by District instrument. The Charter School Board is delegated the authority to approve contracts to which the Charter School is a party, subject to the requirements and limitations of the Colorado Constitution, state law, Board policies and regulations, and the provisions of this Renewal Contract. The following language shall be included in each contract, other than a contract of employment, entered into by the Charter School with a third- party obligating VCS in an aggregate amount exceeding Fifty Thousand Dollars ($50,000.00). [Party with whom VCS is contracting] understands and agrees that it is entering into this contract solely and exclusively with Vista Charter School, that Vista Charter School has no authority to extend the faith and/or credit of Montrose County School District RE-1J to any third party or entity, that Vista Charter School has no authority to enter into any contract that would bind Montrose County School District RE-1J, and that Montrose County School District RE-1J has no obligation or liability whatsoever under or in any way connected with this contract. [Party with whom VCS is contracting] further understands and agrees that its rights and remedies under this contract may only be enforced with respect to Vista Charter School and that it has no rights or remedies directly or indirectly under this contract with respect to Montrose County School District RE-1J.
Faith and Credit. DSST shall not attempt to, purport to, or actually extend the faith or credit of the School District to any third person or entity. DSST acknowledges and agrees that it has no authority to enter into a contract or incur obligations that would bind the School District, including, without limitation, any waiver or modification of the provisions of the Colorado Governmental Immunity Act, C.R.S. §§ 00-00-000 et seq.
