Common use of Authority Covenant Clause in Contracts

Authority Covenant. The Authority shall remit to the County that portion of any payment received under Section 4.4 hereof necessary for the County to pay in full all then outstanding amounts owing under the bonds issued pursuant to Section 36 of the Act. TeamCo shall have no obligation to ensure that the Authority performs the obligation set forth in this Section 4.5.

Appears in 5 contracts

Samples: Non Relocation Agreement, Non Relocation Agreement, Non Relocation Agreement

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Authority Covenant. The Authority shall remit to the County that portion of any payment received under Section 4.4Section 4.4 hereof necessary for the County to pay in full all then outstanding amounts owing under the bonds issued pursuant to Section 36 of the Act. TeamCo shall have no obligation to ensure that the Authority performs the obligation set forth in this Section 4.5.

Appears in 1 contract

Samples: Non Relocation Agreement

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