Common use of Financial Obligations Are Separate Clause in Contracts

Financial Obligations Are Separate. Any contract, mortgage, loan or other instrument of indebtedness entered into by the School and a third party shall not in any way constitute an obligation, either general, special, or moral of the Authorizer. The School will never pledge the full faith and credit of the Authorizer for the payment of any School contract, mortgage, loan or other instrument of indebtedness. Any contract, mortgage, loan or other instrument of indebtedness entered into by the Authorizer and a third party shall not in any way constitute an obligation, either general, special, or moral, of the School. The Authorizer will never pledge the full faith and credit of the School for the payment of any Authorizer contract, mortgage, loan or other instrument of indebtedness.

Appears in 2 contracts

Samples: Charter School Authorizer Contract, Charter School Authorizer Contract

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Financial Obligations Are Separate. Any contract, mortgage, loan or other instrument of indebtedness entered into by the School and a third party shall not in any way constitute an obligation, either general, special, or moral moral, of the AuthorizerACNW. The School will never pledge the full faith and credit of the Authorizer ACNW for the payment of any School contract, mortgage, loan or other instrument of indebtedness. Any contract, mortgage, loan or other instrument of indebtedness entered into by the Authorizer ACNW and a third party shall not in any way constitute an obligation, either general, special, or moral, of the School. The Authorizer ACNW will never pledge the full faith and credit of the School for the payment of any Authorizer ACNW contract, mortgage, loan or other instrument of indebtedness.

Appears in 2 contracts

Samples: Charter School Contract, Charter School Contract

Financial Obligations Are Separate. Any contract, mortgage, loan or other instrument of indebtedness entered into by the School and a third party shall not in any way constitute an obligation, either general, special, or moral moral, of the AuthorizerDistrict. The School will never pledge the full faith and credit of the Authorizer District for the payment of any School contract, mortgage, loan or other instrument of indebtedness. Any contract, mortgage, loan or other instrument of indebtedness entered into by the Authorizer The District and a third party shall not in any way constitute an obligation, either general, special, or moral, of the School. The Authorizer District will never pledge the full faith and credit of the School for the payment of any Authorizer District contract, mortgage, loan or other instrument of indebtedness.

Appears in 1 contract

Samples: Charter School Contract

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Financial Obligations Are Separate. Any contract, mortgage, loan or other instrument of indebtedness entered into by the School and a third party shall not in any way anyway constitute an obligation, either general, special, or moral of the Authorizer. The School will never pledge the full faith and credit of the Authorizer for the payment of any School contract, mortgage, loan or other instrument of indebtedness. Any contract, mortgage, loan or other instrument of indebtedness entered into by the Authorizer and a third party shall not in any way anyway constitute an obligation, either general, special, or moral, of the School. The Authorizer will never pledge the full faith and credit of the School for the payment of any Authorizer contract, mortgage, loan or other instrument of indebtedness.

Appears in 1 contract

Samples: Charter School Authorizer Contract

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