Common use of Further Disclaimer Clause in Contracts

Further Disclaimer. ‌ The XXX Xxxxx shall not be deemed to constitute a debt, liability, or obligation of the City or of the State of Florida or any political subdivision thereof within the meaning of any constitutional or statutory limitation, or a pledge of the faith and credit or taxing power of the City or of the State of Florida or any political subdivision thereof, but shall be payable solely from the funds provided therefor in this Article 4. The City shall not be obligated to pay the XXX Xxxxx or any installment thereof except from the non-ad valorem revenues or other legally available funds provided for that purpose, and neither the faith and credit nor the taxing power of the City or of the State of Florida or any political subdivision thereof is pledged to the payment of the XXX Xxxxx or any installment thereof. The Company, or any person, firm or entity claiming by, through or under the Company, or any other person whomsoever, shall never have any right, directly or indirectly, to compel the exercise of the ad valorem taxing power of the City or of the State of Florida or any political subdivision thereof for the payment of the XXX Xxxxx or any installment of either.

Appears in 2 contracts

Samples: Economic Development Agreement, Economic Development Agreement

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Further Disclaimer. The XXX Xxxxx shall not be deemed to constitute a debt, liability, or obligation of the City or of the State of Florida or any political subdivision thereof within the meaning of any constitutional or statutory limitation, or a pledge of the faith and credit or taxing power of the City or of the State of Florida or any political subdivision thereof, but shall be payable solely from the funds provided therefor in this Article 47. The City shall not be obligated to pay the XXX Xxxxx or any installment thereof except from the non-ad valorem revenues or other legally available funds provided for that purpose, and neither the faith and credit nor the taxing power of the City or of the State of Florida or any political subdivision thereof is pledged to the payment of the XXX Xxxxx or any installment thereof. The CompanyDeveloper, or any person, firm or entity claiming by, through or under the CompanyDeveloper, or any other person whomsoever, shall never have any right, directly or indirectly, to compel the exercise of the ad valorem taxing power of the City or of the State of Florida or any political subdivision thereof for the payment of the XXX Xxxxx or any installment of eitherthereof.

Appears in 1 contract

Samples: Redevelopment Agreement

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Further Disclaimer. The XXX Xxxxx Completion Grant shall not be deemed to constitute a debt, liability, or obligation of the City or of the State of Florida or any political subdivision thereof within the meaning of any constitutional or statutory limitation, or a pledge of the faith and credit or taxing power of the City or of the State of Florida or any political subdivision thereof, but shall be payable solely from the funds provided therefor in this Article 49. The City shall not be obligated to pay the XXX Xxxxx Completion Grant or any installment thereof except from the non-ad valorem revenues or other legally available funds provided for that purpose, and neither the faith and credit nor the taxing power of the City or of the State of Florida or any political subdivision thereof is pledged to the payment of the XXX Xxxxx Completion Grant or any installment thereof. The CompanyDCFA, or and any person, firm or entity claiming by, through or under the CompanyDCFA, or any other person whomsoever, shall never have any right, directly or indirectly, to compel the exercise of the ad valorem taxing power of the City or of the State of Florida or any political subdivision thereof for the payment of the XXX Xxxxx Completion Grant or any installment of eitherthereof.

Appears in 1 contract

Samples: Redevelopment Agreement

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