Common use of Liability of Issuer Clause in Contracts

Liability of Issuer. Any and all obligations of the Issuer under this Financing Agreement are special, limited obligations of the Issuer, payable solely out of the TIF Revenues and the other revenues and income derived under this Financing Agreement and as otherwise provided under this Financing Agreement and the Indenture. The obligations of the Issuer hereunder shall not be deemed to constitute an indebtedness or an obligation of the Issuer, the State or any political subdivision or taxing authority thereof within the purview of any constitution limitation or provision, or a pledge of the faith and credit or a charge against the credit or general taxing powers, if any, of the Issuer, the State or any political subdivision or taxing authority thereof. (End of Article VII) ARTICLE VIII

Appears in 5 contracts

Samples: Financing Agreement, Financing Agreement, Financing Agreement

AutoNDA by SimpleDocs

Liability of Issuer. Any and all obligations of the Issuer under this Financing Agreement are special, limited obligations of the Issuer, payable solely out of the Pledged Net TIF Revenues and the other revenues and income derived under this Financing Agreement RIF and as otherwise provided under the Economic Development Agreement, this Financing Agreement and the IndentureOrdinance. The obligations of the Issuer hereunder shall not be deemed to constitute an indebtedness or an obligation of the Issuer, the State or any political subdivision or taxing authority thereof within the purview of any constitution limitation or provision, or a pledge of the faith and credit or a charge against the credit or general taxing powers, if any, of the Issuer, the State or any political subdivision or taxing authority thereof. (End of Article VII) ARTICLE VIIIIV)

Appears in 1 contract

Samples: Financing Agreement

AutoNDA by SimpleDocs

Liability of Issuer. Any and all obligations of the Issuer under this Financing Agreement are special, limited obligations of the Issuer, payable solely out of the Pledged TIF Revenues and the other revenues and income derived under this Financing Agreement and as otherwise provided under this Financing Agreement and the Indenture. The obligations of the Issuer hereunder shall not be deemed to constitute an indebtedness or an obligation of the Issuer, the State or any political subdivision or taxing authority thereof within the purview of any constitution limitation or provision, or a pledge of the faith and credit or a charge against the credit or general taxing powers, if any, of the Issuer, the State or any political subdivision or taxing authority thereof. thereof.β€Œ (End of Article VIIVI) ARTICLE VIIIVII.

Appears in 1 contract

Samples: Financing Agreement

Time is Money Join Law Insider Premium to draft better contracts faster.