Building Corporation and Corporation Sample Clauses

Building Corporation and Corporation. Not Responsible for Bond Payments. Notwithstanding anything in this Financing Agreement to the contrary, the Issuer acknowledges and agrees that each of the Building Corporation or the Corporation is in no way (i) guaranteeing or providing credit enhancement for or supporting financially or otherwise the issuance, sale or resale, offering or reoffering, or payment of the Bonds, or (ii) guaranteeing or providing credit enhancement for or supporting financially or otherwise the payment of the principal of or premium or interest on the Bonds (or any portion thereof). The Issuer further acknowledges and agrees that the neither the Building Corporation nor the Corporation will indemnify, defend or hold harmless the Issuer or any City Parties against any losses, liabilities, expenses (including attorneys’ and other professionals’ fees and expenses), claims and damages asserted against, resulting to, imposed upon or suffered by the Issuer or the City Parties or any of them to the extent arising from or attributable to the issuance, sale or resale, offering or reoffering, or payment of the Bonds.
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