Common use of Authorization of the Obligations Clause in Contracts

Authorization of the Obligations. The Trustee is hereby authorized and directed to execute and deliver to the original purchaser thereof, the Obligations representing proportionate ownership interests in the Payments. In no event shall the Obligations be deemed liabilities, debts or obligations of the Trustee.

Authorization of the Obligations. The Trustee is hereby authorized and directed to execute and deliver to the original purchaser thereofOwner, the Obligations representing proportionate Obligations, in the total principal amount of $ , evidencing all of the ownership interests in the Payments. In no event shall the Obligations be deemed liabilities, debts or obligations of the Trustee.Trustee.‌

Authorization of the Obligations. The Trustee is hereby authorized and directed to execute and deliver to the original purchaser thereof, the New Money Obligations representing in the principal amount of $ ,000 and the Refunding Obligations in the principa l amount of $ ,000, evidencing (notwithstanding the multiple series) proportionate ownership interests in the Purchase Agreement and the Payments. In no event shall the Obligations be deemed liabilities, debts or obligations of the Trustee.

Authorization of the Obligations. The Trustee is hereby authorized and directed to execute and deliver to the original purchaser thereofOriginal Purchaser, the Obligations representing in an aggregate principal amount of $ , evidencing proportionate ownership interests in the Purchase Agreement and all Payments. In no event shall the Obligations be deemed liabilities, debts or obligations of the Trustee.

Authorization of the Obligations. The Trustee is hereby authorized and directed to execute and deliver to the original purchaser thereofOwners, the Obligations representing Obligations, in the total principal amount of $ _,000, evidencing proportionate ownership interests in the Payments. In no event shall the Obligations be deemed liabilities, debts or obligations of the Trustee.