Execution of Bonds; Special, Limited Obligations Sample Clauses

Execution of Bonds; Special, Limited Obligations. The Bonds shall be executed in the name of the Issuer by the manual or facsimile signatures of the officers of the Issuer designated to sign the Bonds in the Bond Resolution, and said signatures shall be authenticated by the manually executed signature of a Responsible Officer of the Trustee, which is hereby designated and appointed as authenticating agent, paying agent, registrar, and transfer agent for the Bonds. The official seal of the Issuer shall be omitted from the Bonds, as permitted by law. In the event that any of the officers who shall have signed any of the Bonds shall cease to be officers of the Issuer before the Bonds shall have been authenticated or delivered by the Trustee, or transferred or exchanged, such Bonds may nevertheless be authenticated, delivered, and issued, and upon such authentication, shall be binding upon the Issuer as though those officers who signed and sealed (if not omitted) the same had continued to be such officers of the Issuer; and, also, any Bond may be (but shall not be required to be) signed on behalf of the Issuer by such person who, at the actual date of execution of such Xxxx, shall be the proper officer of the Issuer, notwithstanding that on the date of such Bond such person shall not have been such an officer of the Issuer. Upon the execution and delivery of this Indenture, and satisfaction of the conditions set forth in Section 2.08 hereof, the Issuer shall execute and deliver to the Trustee, and the Trustee shall authenticate and deliver to the Original Purchaser (i) the Series 2024A Bonds in the aggregate principal amount of $[Series A Par] and (ii) the Series 2024B Bonds in the aggregate principal amount of $[Series B Par], as provided in this section. THE BONDS AND THE INTEREST THEREON ARE SPECIAL, LIMITED OBLIGATIONS OF THE ISSUER PAYABLE EXCLUSIVELY FROM THE TRUST ESTATE. THE BONDS DO NOT CONSTITUTE A GENERAL OBLIGATION OF OR A CHARGE AGAINST THE GENERAL CREDIT OF THE ISSUER AND THE BONDS ARE NOT SECURED BY A PLEDGE OF THE FULL FAITH AND CREDIT OR TAXING POWER OF THE ISSUER, THE STATE, OR OF ANY POLITICAL SUBDIVISION THEREOF. NO RECOURSE SHALL BE HAD FOR THE PAYMENT OF THE PRINCIPAL OF OR PREMIUM, IF ANY, OR INTEREST ON THE BONDS AGAINST ANY PAST, PRESENT, OR FUTURE GOVERNING BODY MEMBERS, MANAGER, ADMINISTRATOR, EXECUTIVE DIRECTOR, OFFICERS, EMPLOYEES, LEGAL COUNSEL, ADVISORS, AND AGENTS OF THE ISSUER, OR OF ANY SUCCESSOR TO THE ISSUER, AS SUCH, EITHER DIRECTLY OR THROUGH THE ISSUER OR ANY SUCCESSOR T...
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Related to Execution of Bonds; Special, Limited Obligations

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