Common use of Issuer's Obligations Limited Clause in Contracts

Issuer's Obligations Limited. Except as otherwise expressly provided in this Project Lease, no recourse upon any obligation or agreement contained in this Project Lease or in any Bond or under any judgment obtained against the Issuer, or by the enforcement of any assessment or by any legal or equitable proceeding by virtue of any constitution or statute or otherwise under any circumstances, under or independent of the Bond Agreement, shall be had against the Issuer and its officers, employees and agents. Notwithstanding anything in this Project Lease to the contrary, it is expressly understood and agreed by the parties hereto that (a) the Issuer may rely conclusively on the truth and accuracy of any certificate, opinion, notice or other instrument furnished to the Issuer by the Tenant, an Owner or the Bank as to the existence of any fact or state of affairs required to be noticed by the Issuer; (b) the Issuer shall not be under any obligation to perform any record-keeping or to provide any legal services, it being understood that such services shall be performed or provided either by the Tenant, the Bank or the Owner; and (c) that none of the provisions of this Project Lease shall require the Issuer to expend or risk its own funds or otherwise incur financial liability in the performance of any of its duties or in the exercise of any of its rights or powers hereunder, unless it shall have first been adequately indemnified to its satisfaction against the costs, expenses and liability which may be incurred by such action. Notwithstanding anything in this Project Lease to the contrary, any obligation the Issuer may incur under this Project Lease or under any instrument or document executed by the Issuer in connection with this Project Lease that entails the expenditure of any money by the Issuer shall be only a limited obligation of the Issuer payable solely from the revenues derived by the Issuer under this Project Lease and shall not be, under any circumstances, a general obligation of the Issuer.

Issuer's Obligations Limited. Except for the interest of the Issuer in the Trust Estate and as otherwise expressly provided in this Project Leaseherein provided, no recourse under or upon any obligation or agreement contained in this Project Lease Agreement or in any Bond or under any judgment obtained against the Issuer, or by the enforcement of any assessment or by any legal or equitable proceeding by virtue of any constitution or statute or otherwise or under any circumstances, under or independent of the Bond AgreementIndenture, shall be had against the Issuer and its officers, employees and agentsIssuer. Notwithstanding anything Anything in this Project Lease Agreement to the contrarycontrary notwithstanding, it is expressly understood and agreed by the parties hereto that (a) the Issuer may rely conclusively on the truth and accuracy of any certificate, opinion, notice or other instrument furnished to the Issuer by the Tenant, an Owner Trustee or the Bank Authorized Representative as to the existence of any fact or state of affairs required hereunder to be noticed by the Issuer; (b) the Issuer shall not be under any obligation hereunder to perform any record-keeping or to provide any legal services, it being understood that such services shall be performed or provided either by the Tenant, the Bank Trustee or the OwnerLessee; and (c) that none of the provisions of this Project Lease Agreement shall require the Issuer to expend or risk its own funds or to otherwise incur financial liability in the performance of any of its duties or in the exercise of any of its rights or powers hereunder, unless it shall first have first been adequately indemnified to its satisfaction against the costscost, expenses and liability which may be incurred by such actionthereby. Notwithstanding anything in this Project Lease herein contained to the contrary, any obligation which the Issuer may incur under this Project Lease Agreement or under any instrument or document executed by the Issuer in connection with this Project Lease that entails herewith which shall entail the expenditure of any money by the Issuer shall be only a limited obligation of the Issuer payable solely from the revenues derived by the Issuer under this Project Lease and shall not be, under any circumstances, be a general obligation of the IssuerIssuer but shall be a limited obligation payable solely from the Pledged Revenues.

Issuer's Obligations Limited. Except as otherwise expressly provided in this Project Lease, no recourse upon any obligation or agreement contained in this Project Lease or in any Bond or under any judgment obtained against the Issuer, or by the enforcement of any assessment or by any legal or equitable proceeding by virtue of any constitution or statute or otherwise under any circumstances, under or independent of the Bond Agreement, shall be had against the Issuer and its officers, employees and agents. Notwithstanding anything in this Project Lease to the contrary, it is expressly understood and agreed by the parties hereto that (a) the Issuer may rely conclusively on the truth and accuracy of any certificate, opinion, notice or other instrument furnished to the Issuer by the Tenant, an Owner a Owner(s) of Bonds or the Bank Trustee as to the existence of any fact or state of affairs required to be noticed by the IssuerIssuer hereunder; (b) the Issuer shall not be under any obligation to perform any record-keeping or to provide any legal services, it being understood that such services shall be performed or provided either by the Tenant, the Bank Trustee or the OwnerOwner(s) of Bonds; and (c) that none of the provisions of this Project Lease shall require the Issuer to expend or risk its own funds or otherwise incur financial liability in the performance of any of its duties or in the exercise of any of its rights or powers hereunder, unless it shall have first been adequately indemnified to its satisfaction against the costs, expenses and liability which may be incurred by such action. Notwithstanding anything in this Project Lease to the contrary, any obligation the Issuer may incur under this Project Lease or under any instrument or document executed by the Issuer in connection with this Project Lease that entails the expenditure of any money by the Issuer shall be only a limited obligation of the Issuer payable solely from the revenues derived by the Issuer under this Project the Lease and shall not be, under any circumstances, a general obligation of the Issuer.

Issuer's Obligations Limited. Except as otherwise expressly provided in this Project Lease, no No recourse under or upon any obligation obligation, or agreement contained in this Project Lease or in any Bond or under any judgment obtained against the Issuer, or by the enforcement of any assessment or by any legal or equitable proceeding by virtue of any constitution or statute to otherwise or otherwise under any circumstances, under or independent of the Bond Agreementthis Lease, shall be had against the Issuer and or any director, member, officer, agent, attorney or employee, as such, in its officersindividual capacity, employees and agentspast, present or future, of the Issuer or any successor entity. Notwithstanding anything Anything in this Project Lease to the contrarycontrary notwithstanding, it is expressly understood and agreed by the parties hereto that (a) the Issuer may rely conclusively on the truth and accuracy of any certificate, opinion, notice or other instrument furnished to the Issuer by the Tenant, an Owner Trustee or the Bank Lessee as to the existence of any fact or state of affairs required hereunder to be noticed by the Issuer; (b) the Issuer shall not be under any obligation hereunder to perform any record-keeping or to provide any legal services, it being understood that such services shall be performed or provided either by the Tenant, the Bank Trustee or the OwnerLessee; and (c) that none of the provisions of this Project Lease shall require the Issuer to expend or risk its own funds or to otherwise incur financial liability in the performance of any of its duties or in the exercise of any of its rights or powers hereunder, unless it shall first have first been adequately indemnified to its satisfaction against the costscost, expenses and liability which may be incurred by such actionthereby. The obligation hereunder are the special limited obligations of the Issuer and not obligations of Fxxxxx County, the State of Georgia or any subdivision thereof. Notwithstanding anything in this Project Lease herein contained to the contrary, any obligation the Issuer may hereby incur under this Project Lease or under any instrument or document executed by for the Issuer in connection with this Project Lease that entails the expenditure payment of any money by the Issuer shall not be a general debt on its part but shall be only a limited obligation of the Issuer payable solely from rents, revenues and receipts derived from this Lease, the sale of the Bonds and any other rents, revenues and receipts derived by the Issuer under this Project Lease and shall not be, under any circumstances, a general obligation arising out of or in connection with its ownership of the IssuerProject (except for Unassigned Rights). The Issuer has no taxing power.

Issuer's Obligations Limited. Except as otherwise expressly provided in this Project Lease, no No recourse under or upon any obligation or agreement contained in this Project Lease Indenture or in any Bond or under any judgment obtained against the Issuer, or by the enforcement of any assessment or by any legal or equitable proceeding by virtue of any constitution or statute or otherwise or under any circumstances, under or independent of the Bond Agreementthis Indenture, shall be had against the Issuer and its officers, employees and agentsIssuer. Notwithstanding anything Anything in this Project Lease Indenture to the contrarycontrary notwithstanding, it is expressly understood and agreed by the parties hereto that (a) the Issuer may rely conclusively on the truth and accuracy of any certificate, opinion, notice or other instrument furnished to the Issuer by the Tenant, an Owner Trustee or the Bank 100 Company as to the existence of any fact or state of affairs required hereunder to be noticed by the Issuer; (b) the Issuer shall not be under any obligation hereunder to perform any record-keeping or to provide any legal services, it being understood that such services shall be performed or provided either by the Tenant, the Bank Trustee or the OwnerCompany; and (c) that none of the provisions of this Project Lease Indenture shall require the Issuer to expend or risk its own funds or to otherwise incur financial liability in the performance of any of its duties or in the exercise of any of its rights or powers hereunder, unless it shall first have first been adequately indemnified to its satisfaction against the costscost, expenses and liability which may be incurred by such actionthereby. Notwithstanding anything in this Project Lease herein contained to the contrary, any obligation which the Issuer may incur under this Project Lease Indenture or under any instrument or document executed by the Issuer in connection with this Project Lease that entails herewith which shall entail the expenditure of any money by the Issuer shall be only a limited obligation of the Issuer payable solely from the revenues derived by the Issuer under this Project Lease and shall not be, under any circumstances, be a general obligation of the IssuerIssuer but shall be a limited obligation payable solely from the Revenues.

Issuer's Obligations Limited. Except as otherwise expressly provided in this Project Lease, no recourse upon any obligation or agreement contained in this Project Lease or in any Bond or under any judgment obtained against the Issuer, or by the enforcement of any assessment or by any legal or equitable proceeding by virtue of any constitution or statute or otherwise under any circumstances, under or independent of the Bond AgreementIndenture, shall be had against the Issuer and its officers, employees and agents. Notwithstanding anything in this Project Lease to the contrary, it is expressly understood and agreed by the parties hereto that (a) the Issuer may rely conclusively on the truth and accuracy of any certificate, opinion, notice or other instrument furnished to the Issuer by the Tenant, an Owner or the Bank Trustee as to the existence of any fact or state of affairs required to be noticed by the Issuer; (b) the Issuer shall not be under any obligation to perform any record-keeping or to provide any legal services, it being understood that such services shall be performed or provided either by the Tenant, the Bank Trustee or the Owner; and (c) that none of the provisions of this Project Lease shall require the Issuer to expend or risk its own funds or otherwise incur financial liability in the performance of any of its duties or in the exercise of any of its rights or powers hereunder, unless it shall have first been adequately indemnified to its satisfaction against the costs, expenses and liability which may be incurred by such action. Notwithstanding anything in this Project Lease to the contrary, any obligation the Issuer may incur under this Project Lease or under any instrument or document executed by the Issuer in connection with this Project Lease that entails the expenditure of any money by the Issuer shall be only a limited obligation of the Issuer payable solely from the revenues derived by the Issuer under this Project Lease and shall not be, under any circumstances, a general obligation of the Issuer.

Issuer's Obligations Limited. Except as otherwise expressly provided in this Project Leaseherein provided, no recourse under or upon any obligation or agreement contained in this Project Lease Loan Agreement or in any Bond or under any judgment obtained against the Issuer, or by the enforcement of any assessment or by any legal or equitable proceeding by virtue of any constitution or statute or otherwise or under any circumstances, under or independent of the Bond AgreementIndenture, shall be had against the Issuer and its officers, employees and agentsIssuer. Notwithstanding anything in this Project Lease Loan Agreement to the contrary, it is expressly understood and agreed by the parties hereto that (a) the Issuer may rely conclusively on the truth and accuracy of any certificate, opinion, notice or other instrument furnished to the Issuer by the Tenant, an Owner Trustee or the Bank Company as to the existence of any fact or state of affairs required hereunder to be noticed by the Issuer; (b) the Issuer shall not be under any obligation hereunder to perform any record-keeping or to provide any legal services, it being understood that such services shall be performed or provided either by the Tenant, the Bank Trustee or the OwnerCompany; and (c) that none of the provisions of this Project Lease Loan Agreement shall require the Issuer to expend or risk its own funds or to otherwise incur financial liability in the performance of any of its duties or in the exercise of any of its rights or powers hereunder, unless it shall first have first been adequately indemnified to its satisfaction against the costscost, expenses and liability which may be incurred by such actionthereby. Notwithstanding anything in this Project Lease herein contained to the contrary, any obligation which the Issuer may incur under this Project Lease Loan Agreement or under any instrument or document executed by the Issuer in connection with this Project Lease that entails herewith which shall entail the expenditure of any money by the Issuer shall be only a limited obligation of the Issuer payable solely from the revenues derived by the Issuer under this Project Lease and shall not be, under any circumstances, be a general obligation of the IssuerIssuer but shall be a limited obligation payable solely from the Pledged Revenues.

Issuer's Obligations Limited. Except as otherwise expressly provided in this Project Leaseherein provided, no recourse under or upon any obligation or agreement contained in this Project Lease Loan Agreement or in any Bond or under any judgment obtained against the Issuer, or by the enforcement of any assessment or by any legal or equitable proceeding by virtue of any constitution or statute or otherwise or under any circumstances, under or independent of the Bond AgreementIndenture, shall be had against the Issuer and its officers, employees and agentsIssuer. Notwithstanding anything Anything in this Project Lease Loan Agreement to the contrarycontrary notwithstanding, it is expressly understood and agreed by the parties hereto that (a) the Issuer may rely conclusively on the truth and accuracy of any certificate, opinion, notice or other instrument furnished to the Issuer by the Tenant, an Owner Trustee or the Bank Company as to the existence of any fact or state of affairs required hereunder to be noticed by the Issuer; (b) the Issuer shall not be under any obligation hereunder to perform any record-keeping or to provide any legal services, it being understood that such services shall be performed or provided either by the Tenant, the Bank Trustee or the OwnerCompany; and (c) that none of the provisions of this Project Lease Loan Agreement shall require the Issuer to expend or risk its own funds or to otherwise incur financial liability in the performance of any of its duties or in the exercise of any of its rights or powers hereunder, unless it shall first have first been adequately indemnified to its satisfaction against the costscost, expenses and liability which may be incurred by such actionthereby. Notwithstanding anything in this Project Lease herein contained to the contrary, any obligation which the Issuer may incur under this Project Lease Loan Agreement or under any instrument or document executed by the Issuer in connection with this Project Lease that entails herewith which shall entail the expenditure of any money by the Issuer shall be only a limited obligation of the Issuer payable solely from the revenues derived by the Issuer under this Project Lease and shall not be, under any circumstances, be a general obligation of the IssuerIssuer but shall be a limited obligation payable solely from the Pledged Revenues.