Common use of Execution; Limited Obligations Clause in Contracts

Execution; Limited Obligations. (a) The Bonds shall be executed in the name and on behalf of the Issuer with the manual or facsimile signature of its Mayor or Vice-Mayor and sealed with its corporate seal or a facsimile thereof, each of the foregoing to be attested to by the manual or facsimile signature of its Clerk. Each such facsimile signature shall have the same force and effect as a manual signature. In case any officer whose manual or facsimile signature shall appear on the Bonds shall cease to be such officer before the delivery of such Bonds, such signature shall nevertheless be valid and sufficient for all purposes as if such officer had remained in office until such delivery; and any Bond may be signed on behalf of the Issuer, manually or in facsimile, by the person who, on the date of execution of such Bond, shall be the proper officer of the Issuer, even if such officer did not occupy such office on the date of execution of this Indenture. (b) The Bonds and the Interest thereon shall not be general obligations of the Issuer, but shall be limited obligations payable solely from the amounts payable under the Agreement (except to the extent paid out of moneys attributable to the proceeds derived from the sale of the Bonds or to income from the investment thereof) and other amounts specifically pledged therefor under this Indenture and shall be a valid claim of the respective Holders thereof only against the Bond Fund and other moneys held by Trustee and the amounts payable under the Agreement the Security Agreement and the Deeds of Trust or otherwise pledged therefor. Neither the Issuer, the State nor any other political subdivision of the State shall be obligated to pay the principal of the Bonds, premium, if any, or Interest thereon or other costs incident thereto except from the revenues and other amounts pledged therefor. Neither the general credit nor the taxing power of the Issuer or the State or any other political subdivision thereof is pledged to the payment of the principal of, premium, if any, or Interest on the Bonds or other costs incident thereto. The Bonds and the Interest thereon shall not be a charge upon the tax revenues of the Issuer, or a charge upon any other revenues or Property of the Issuer not specifically pledged thereto.

Execution; Limited Obligations. (a) The Bonds shall be executed in the name and on behalf of the Issuer with the manual or facsimile signature of its Mayor or Vice-Mayor and sealed with its corporate seal or a facsimile thereof, each of the foregoing to be attested to by the manual or facsimile signature of its Clerk. Each such facsimile signature shall have the same force and effect as a manual signature. In case any officer whose manual or facsimile signature shall appear on the Bonds shall cease to be such officer before the delivery of such Bonds, such signature shall nevertheless be valid and sufficient for all purposes as if such officer had remained in office until such delivery; and any Bond may be signed on behalf of the Issuer, manually or in facsimile, by the person who, on the date of execution of such Bond, shall be the proper officer of the Issuer, even if such officer did not occupy such office on the date of execution of this Indenture. (b) The Bonds and the Interest thereon shall not be general obligations of the Issuer, but shall be limited obligations payable solely from the amounts payable under the Agreement (except to the extent paid out of moneys attributable to the proceeds derived from the sale of the Bonds or to income from the investment thereof) and other amounts specifically pledged therefor under this Indenture and shall be a valid claim of the respective Holders thereof only against the Bond Fund and other moneys held by Trustee and the amounts payable under the Agreement Agreement, the Security Agreement and the Deeds of Trust or otherwise pledged therefor. Neither the Issuer, the State nor any other political subdivision of the State shall be obligated to pay the principal of the Bonds, premium, if any, or Interest thereon or other costs incident thereto except from the revenues and other amounts pledged therefor. Neither the general credit nor the taxing power of the Issuer or the State or any other political subdivision thereof is pledged to the payment of the principal of, premium, if any, or Interest on the Bonds or other costs incident thereto. The Bonds and the Interest thereon shall not be a charge upon the tax revenues of the Issuer, or a charge upon any other revenues or Property of the Issuer not specifically pledged thereto.

Execution; Limited Obligations. (a) The Except as otherwise provided in a supplemental indenture in connection with a Series of Bonds, Bonds shall be executed in the name and on behalf of the Issuer with the manual or facsimile signature of its Mayor Chairperson and shall have impressed or Vice-Mayor and sealed with its corporate imprinted thereon, by facsimile or otherwise, the official seal or a facsimile thereof, each of the foregoing to Issuer, and be attested to by with the manual or facsimile signature of its Clerkthe Secretary. Each The Bonds, together with interest thereon, are not general or moral obligations of the Issuer and do not constitute an obligation, either general or special, of the State, the University or any political subdivision thereof, but are limited obligations payable solely and only from the Pledged Revenues. Such moneys are hereby pledged and assigned as security for the equal and ratable payment of the Bonds and shall be used for no other purpose than to pay the principal of, redemption premium, if any, and interest on the Bonds. The Bonds shall in no event be payable from the general revenues of the Issuer and shall not constitute a debt, liability, general or moral obligation or a pledge of the faith or loan of credit of the University, the State or any political subdivision of the State within the meaning of any constitutional or statutory provisions; the University, the State nor any political subdivision thereof shall be liable thereon; nor in any event shall such facsimile signature shall have Bonds or obligations be payable out of any funds or properties other than those of the same force Issuer, and effect as a manual signaturethen only to the extent herein provided. Neither the faith and credit nor the revenues or taxing power of the University, the State or any political subdivision thereof, is pledged to the payment of the principal of the Bonds or the interest thereon or other costs incident thereto. The Issuer has no taxing power. In case any officer of the Issuer whose manual signature or whose facsimile signature shall appear on the Bonds shall cease to be such officer before the delivery of such Bonds, such signature or the facsimile signature thereof shall nevertheless be valid and sufficient for all purposes purposes, the same as if such officer he had remained in office until such delivery; and any Bond may be signed on behalf of the Issuer, manually or in facsimile, by the person who, on the date of execution of such Bond, shall be the proper officer of the Issuer, even if such officer did not occupy such office on the date of execution of this Indenture. (b) The Bonds and the Interest thereon shall not be general obligations of the Issuer, but shall be limited obligations payable solely from the amounts payable under the Agreement (except to the extent paid out of moneys attributable to the proceeds derived from the sale of the Bonds or to income from the investment thereof) and other amounts specifically pledged therefor under this Indenture and shall be a valid claim of the respective Holders thereof only against the Bond Fund and other moneys held by Trustee and the amounts payable under the Agreement the Security Agreement and the Deeds of Trust or otherwise pledged therefor. Neither the Issuer, the State nor any other political subdivision of the State shall be obligated to pay the principal of the Bonds, premium, if any, or Interest thereon or other costs incident thereto except from the revenues and other amounts pledged therefor. Neither the general credit nor the taxing power of the Issuer or the State or any other political subdivision thereof is pledged to the payment of the principal of, premium, if any, or Interest on the Bonds or other costs incident thereto. The Bonds and the Interest thereon shall not be a charge upon the tax revenues of the Issuer, or a charge upon any other revenues or Property of the Issuer not specifically pledged thereto.

Execution; Limited Obligations. (a) The Bonds shall be executed in the name and on behalf of the Issuer with the manual or facsimile signature of its Mayor or Vice-Mayor and sealed with its corporate seal or a facsimile thereof, each of the foregoing to be attested to by the manual or facsimile signature of its Clerk. Each such facsimile signature shall have the same force and effect as a manual signature. In case any officer whose manual or facsimile signature shall appear on the Bonds shall cease to be such officer before the delivery of such Bonds, such signature shall nevertheless be valid and sufficient for all purposes as if such officer had remained in office until such delivery; and any Bond may be signed on behalf of the Issuer, manually or in facsimile, by the person who, on the date of execution of such Bond, shall be the proper officer of the Issuer, even if such officer did not occupy such office on the date of execution of this Indenture. (b) The Bonds and the Interest interest thereon shall not be general obligations of the Issuer, but shall be limited obligations payable solely from the amounts payable under the Agreement (except to the extent paid out of moneys attributable to the proceeds derived from the sale of the Bonds or to income from the investment thereof) and other amounts specifically pledged therefor under this Indenture and shall be a valid claim of the respective Holders thereof only against the Bond Fund and other moneys held by Trustee and the amounts payable under the Agreement the Security Agreement and the Deeds of Trust or otherwise pledged thereforAgreement. Neither the Issuer, the State nor any other political subdivision of the State shall be obligated to pay the principal of the Bonds, premium, if any, Bonds or Interest the interest thereon or other costs incident thereto except from the revenues and other amounts pledged therefor. Neither the general credit nor the taxing power of the Issuer or the State or any other political subdivision thereof is pledged to the payment of the principal of, premium, if any, or Interest interest on the Bonds or other costs incident thereto. The Bonds and the Interest interest thereon shall not be a charge upon the tax revenues of the Issuer, or a charge upon any other revenues or Property of the Issuer not specifically pledged thereto.

Execution; Limited Obligations. (a) The Bonds shall be executed in the name and on behalf of the Issuer with the manual or facsimile signature of its Mayor or Vice-Mayor and sealed with its corporate seal or a facsimile thereof, each the Chairman of the foregoing to be Commission of the Issuer and attested to by with the manual or facsimile signature of its Clerkthe Secretary of the Commission. Each such All authorized facsimile signature signatures shall have the same force and effect as a manual signaturesignatures. In case any officer of the Issuer whose manual signature or a facsimile signature shall appear thereof appears on the Bonds a Bond shall cease to be such officer before the delivery of such BondsBond, such signature or such facsimile shall nevertheless be valid and sufficient for all purposes purposes, the same as if such officer had remained in the office until such delivery; and any Bond may be signed on behalf . THE STATE IS NOT OBLIGATED TO PAY, AND NEITHER THE FAITH AND CREDIT NOR TAXING POWER OF THE STATE IS PLEDGED TO THE PAYMENT OF, THE PRINCIPAL OR REDEMPTION PRICE, IF ANY, OF, OR INTEREST ON, THE BONDS. THE BONDS ARE SPECIAL, LIMITED OBLIGATIONS OF THE ISSUER, PAYABLE SOLELY OUT OF THE REVENUES OR OTHER RECEIPTS, FUNDS OR MONEYS OF THE ISSUER PLEDGED UNDER THE INDENTURE AND FROM ANY AMOUNTS OTHERWISE AVAILABLE UNDER THE INDENTURE FOR THE PAYMENT OF THE BONDS. THE BONDS DO NOT NOW AND SHALL NEVER CONSTITUTE A CHARGE AGAINST THE GENERAL CREDIT OF THE ISSUER. THE ISSUER HAS NO TAXING POWER. No member of the Issuer, manually or in facsimile, by Issuer nor any person executing Bonds for the person who, Issuer shall be liable personally on the date of execution of such Bond, shall be the proper officer Bonds by reason of the Issuer, even if such officer did not occupy such office on the date of execution of this Indenture. (b) The Bonds and the Interest thereon shall not be general obligations of the Issuer, but shall be limited obligations payable solely from the amounts payable under the Agreement (except to the extent paid out of moneys attributable to the proceeds derived from the sale of issuance thereof. No covenant or agreement contained in the Bonds or to income from the investment thereof) and other amounts specifically pledged therefor under in this Indenture and shall be a valid claim deemed to be the covenant or agreement of the respective Holders thereof only against the Bond Fund and other moneys held by Trustee and the amounts payable under the Agreement the Security Agreement and the Deeds of Trust or otherwise pledged therefor. Neither the Issuerany member, the State nor any other political subdivision of the State shall be obligated to pay the principal of the Bondsagent, premium, if anyofficer, or Interest thereon or other costs incident thereto except from the revenues and other amounts pledged therefor. Neither the general credit nor the taxing power employee of the Issuer in his or her individual capacity, and neither the State or any other political subdivision thereof is pledged to the payment members of the principal of, premium, if any, or Interest Issuer nor any official executing the Bonds shall be liable personally on the Bonds or other costs incident thereto. The Bonds and the Interest thereon shall not be a charge upon the tax revenues subject to any personal liability or accountability by reason of the Issuer, or a charge upon any other revenues or Property of the Issuer not specifically pledged theretoissuance thereof.