Common use of Constitutional and Statutory Debt Limitations Clause in Contracts

Constitutional and Statutory Debt Limitations. No provision of this Agreement shall be construed or interpreted as creating a general obligation or other indebtedness of the Water Trust Board, the Finance Authority, the State or the Borrower/Grantee within the meaning of any constitutional or statutory debt limitation.

Constitutional and Statutory Debt Limitations. No provision of this Agreement shall be construed or interpreted as creating a general obligation or other indebtedness of the Water Trust Board, the Finance AuthorityNMFA, the State or the Borrower/Grantee within the meaning of any constitutional or statutory debt limitation.