Common use of Extension of Payment of Bonds Clause in Contracts

Extension of Payment of Bonds. The Corporation shall not directly or indirectly extend or assent to the extension of the maturity of any of the Bonds or claims for interest by the purchase or funding of such Bonds or claims for interest or by any other arrangement and, in case the maturity of any of such Bonds or the time for payment of any such claims for interest shall be extended, such Bonds, or claims for interest shall not be entitled, in case of any default hereunder, to the benefit hereof or of any Supplemental Indenture or to any payment out of any assets of the Corporation or the funds (except funds held in trust for the payment of particular Bonds or claims for interest pursuant hereto and to any Supplemental Indenture) held by the Trustee, except subject to the prior payment of the principal of all Outstanding Bonds the maturity of which has not been extended and of such portion of the interest on such Bonds as shall not be represented by such extended claims for interest. Nothing herein shall be deemed to limit the right of the Corporation to issue Bonds or other bonds or notes to refund Outstanding Bonds and such issuance shall not be deemed to constitute an extension of the maturity of the Bonds.

Extension of Payment of Bonds. The Corporation Trust shall not directly or indirectly extend or assent to the extension of the maturity of any of the Bonds or the time of payment of claims for interest by the purchase or funding of such Bonds or claims for interest or by any other arrangement and, and in case the maturity of any of such the Bonds or the time for payment of any such claims for interest shall be extended, such Bonds, Bonds or claims for interest shall not be entitled, entitled in case of any default hereunder, under this Trust Agreement to the benefit hereof or of any Supplemental Indenture this Trust Agreement or to any payment out of any assets of the Corporation Trust or the funds (except funds held in trust for the payment of particular Bonds or claims for interest pursuant hereto and to any Supplemental Indenturethis Trust Agreement) held by the TrusteeFiduciaries, except subject to the prior payment of the principal of all Bonds issued and Outstanding Bonds the maturity of which has not been extended and of such portion of the accrued interest on such the Bonds as shall not be represented by such extended claims for interest. Nothing herein in this Section shall be deemed to limit the right of the Corporation Trust to issue Bonds or other bonds or notes to refund Outstanding Refunding Bonds and such issuance shall not be deemed to constitute an extension of the maturity of the Bonds.

Extension of Payment of Bonds. The Corporation shall not directly or indirectly extend or assent to the extension of the maturity of any of the Bonds or claims for interest by the purchase or funding of such Bonds or claims for interest or by any other arrangement and, in case the maturity of any of such Bonds or the time for payment of any such claims for interest shall be extended, such Bonds, or claims for interest shall not be entitled, in case of any default hereunder, to the benefit hereof or of any Supplemental Indenture or to any payment out of any assets of the Corporation or the funds (except funds held in trust for the payment of particular Bonds or claims for interest pursuant hereto and to any Supplemental Indenture) held by the Trustee, except subject to the prior payment of the principal of all Outstanding Bonds the maturity of which has not been extended and of such portion of the interest on such Bonds as shall not be represented by such extended claims for interest. Nothing herein shall be deemed to limit the right of the Corporation to issue Bonds or other bonds or notes to refund Outstanding Bonds and such issuance shall not be deemed to constitute an extension of the maturity of the Bonds.. DRAFT

Extension of Payment of Bonds. The Corporation State shall not directly or indirectly extend or assent to the extension of the maturity of any of the Bonds or the time of payment of claims for interest by the purchase or funding of such Bonds or claims for interest or by any other arrangement andarrangement, and in case the maturity of any of such the Bonds or the time for payment of any such claims for interest shall be extended, such Bonds, Bonds or claims for interest shall not be entitled, in case of any default hereunderunder this Trust Agreement, to the benefit hereof or of any Supplemental Indenture this Trust Agreement or to any payment out of any assets of the Corporation State or the funds (except funds held in trust for the payment of particular Bonds or claims for interest pursuant hereto and to any Supplemental Indenturethis Trust Agreement) held by the TrusteeFiduciaries, except subject to the prior payment of the principal of all Bonds issued and Outstanding Bonds the maturity of which has not been extended and of such portion of the accrued interest on such the Bonds as shall not be represented by such extended claims for interest. Nothing herein in this section shall be deemed to limit the right of the Corporation State to issue Bonds or other bonds or notes to refund Outstanding Refunding Bonds and such issuance shall not be deemed to constitute an extension of the maturity of the Bonds.

Extension of Payment of Bonds. The Corporation Authority shall not directly or indirectly extend or assent to the extension of the maturity of any of the Bonds or the time of payment of any claims for interest by the purchase or funding of such Bonds or claims for interest or by any other arrangement andarrangement. Notwithstanding the foregoing, in case the event that the maturity of any of such the Bonds or the time for payment of any such claims for interest shall be extendedextended by the Authority, such Bonds, Bonds or claims for interest shall not be entitled, in case of any default hereunder, entitled to the benefit hereof or of this Indenture (including the benefit of any Supplemental Indenture Credit Facility or Funding Instrument) or to any payment out of the Accounts established pursuant to this Indenture, including the investments, if any, thereof, or out of any assets of the Corporation or revenues pledged hereunder prior to benefits accorded to or the funds (except funds held in trust for the payment of particular Bonds or claims for interest pursuant hereto and to any Supplemental Indenture) held by the Trustee, except subject to the prior payment of the principal of all Outstanding Bonds the maturity of which has not been extended and of such portion of the accrued interest on such the Bonds as shall not be represented by such extended claims for interest. Nothing herein shall be deemed to limit the right of the Corporation Authority to issue Bonds or other bonds or notes to refund Outstanding Refunding Bonds and such issuance shall not be deemed to constitute an extension of the maturity of the Bonds.

Extension of Payment of Bonds. The Corporation Issuer shall not directly or indirectly extend or assent to the extension of the maturity of any of the Bonds or the time of payment of any claims for interest interest, by the purchase or funding of such Bonds or claims for interest or by any other arrangement andarrangement, and in case the maturity of any of such the Bonds or the time for payment of any such claims for interest shall be extended, such Bonds, Bonds or claims for interest shall not be entitled, entitled in case of any event of default hereunder, under this Indenture to the benefit hereof or of any Supplemental the Indenture or to any payment out of any assets of the Corporation or the funds (except funds held in trust for the payment of particular Bonds or claims for interest pursuant hereto and to any Supplemental Indenture) this Indenture held by the Trustee, Trustee or any Paying Agent) except subject to the prior payment of the principal of all Outstanding Bonds issued and outstanding the maturity of which has not been extended and of such portion of the accrued interest on such the Bonds as shall not be represented by such extended claims for interest. Nothing herein shall be deemed to limit the right of the Corporation Issuer to issue Bonds or other bonds or notes to refund Outstanding any duly authorized refunding Bonds and such issuance shall not be deemed to constitute an extension of the maturity of the Bonds.

Extension of Payment of Bonds. The Corporation Authority shall not directly or indirectly extend or assent to the extension of the maturity of any of the Bonds or the time of payment of claims for interest by the purchase or funding of such Bonds or claims for interest or by any other arrangement and, and in case the maturity of any of such the Bonds or the time for payment of any such claims for interest shall be extended, such Bonds, Bonds or claims for interest shall not be entitled, entitled in case of any default hereunder, under this Trust Agreement to the benefit hereof or of any Supplemental Indenture this Trust Agreement or to any payment out of any assets of the Corporation Authority or the funds (except funds held in trust for the payment of particular Bonds or claims for interest pursuant hereto and to any Supplemental Indenturethis Trust Agreement) held by the TrusteeFiduciaries, except subject to the prior payment of the principal of all Bonds issued and Outstanding Bonds the maturity of which has not been extended and of such portion of the accrued interest on such the Bonds as shall not be represented by such extended claims for interest. Nothing herein in this Section shall be deemed to limit the right of the Corporation Authority to issue Bonds or other bonds or notes to refund Outstanding Refunding Bonds and such issuance shall not be deemed to constitute an extension of the maturity of the Bonds.

Extension of Payment of Bonds. The Corporation shall not directly or indirectly extend or assent to the extension of the maturity of any of the Bonds or claims for interest by the purchase or funding of such Bonds or claims for interest or by any other arrangement and, in case the maturity of any of such Bonds or the time for payment of any such claims for interest shall be extended, such Bonds, or claims for interest shall not be entitled, in case of any default hereunder, to the benefit hereof or of any Supplemental Indenture or to any payment out of any assets of the Corporation or the funds (except funds held in trust for the payment of particular Bonds or claims for interest pursuant hereto and to any Supplemental Indenture) held by the Trustee, except subject to the prior payment of the principal of all Outstanding Bonds the maturity of which has not been extended and of such portion of the interest on such Bonds as shall not be represented by such extended claims for interest. Nothing herein shall be deemed to limit the right of the Corporation to issue Option Bonds or Bonds or other bonds or notes to refund Outstanding Bonds and such issuance shall not be deemed to constitute an extension of the maturity of the Bonds.

Extension of Payment of Bonds. The Corporation Agency shall not directly or indirectly indirectly, extend or assent to the extension of the maturity of any of the Bonds or the time of payment of any of the interest or claims for interest by the purchase or funding of such Bonds Bonds, interest or claims for interest or by any other arrangement and, and in case the event that the maturity of any of such the Bonds or the time for payment of any such interest or claims for interest shall be extended, such Bonds, interest or claims for interest shall not be entitled, in case of any default hereunder, entitled to the benefit hereof or of any Supplemental this Indenture or to any payment out of the Fund or Accounts established pursuant to this Indenture, including the investments, if any, thereof, or out of any assets of the Corporation or the funds revenues pledged hereunder (except funds moneys held in trust for the payment of particular Bonds such Bonds, interest or claims for interest pursuant hereto and to any Supplemental this Indenture) held by prior to benefits accorded to or the Trustee, except subject to the prior payment of the principal of all Bonds Outstanding Bonds the maturity of which has not been extended and of such portion of the accrued interest on such the Bonds as shall not be represented by such extended interest or claims for interest. Nothing herein shall be deemed to limit the right of the Corporation Agency to issue Bonds or other bonds or notes to refund Outstanding Refunding Bonds and such issuance shall not be deemed to constitute an extension of the maturity of the Bonds.