Limitation on Corporation's Obligations While Bonds Remain Outstanding Sample Clauses

Limitation on Corporation's Obligations While Bonds Remain Outstanding. Notwithstanding anything contained herein to the contrary, Manager acknowledges that Corporation shall have no responsibility or liability for Trustee's failure to honor any requests of Corporation to disburse amounts from any of the Funds pursuant to the Indenture, but Corporation shall use commercially reasonable efforts to enforce Trustee's obligations under the Indenture. Notwithstanding anything in this Agreement to the contrary, Manager acknowledges and agrees that, until no Bonds remain Outstanding, the only funds which Corporation shall be obligated to use to pay any sums due hereunder (without otherwise limiting Manager's termination right set forth in Section 2.31.1, shall be the following (and then only to the extent such funds are made available to Corporation to pay sums due hereunder and also subject to the limitations contained in and the rights of Trustee under the Bond Documents): (a) the Operating Costs Set Aside Amount that is to be funded as provided in Section 3.7 hereof, which Operating Costs Set Aside Amount shall be used solely for the purpose of paying Operating Expenses; (b) Gross Operating Revenues (including any Gross Operating Revenues in the Operating Reserve, Renewal and Replacement Reserve, Supplemental Renewal and Replacement Reserve, Cash Trap Fund, Excess Revenues Fund, Lock Box Fund and/or Clearing Bank Accounts), all of which shall be used in accordance with this Agreement, the Cash Management Agreement and the Indenture; (c) insurance and condemnation proceeds received by Manager, Corporation or Trustee for events that occur during the Operating Term, which proceeds shall be used in accordance with and only for the purposes set forth in Article 7 hereof. In light of the foregoing, Corporation hereby recognizes that Manager's remedy at law for damages is inadequate and agrees that Manager shall have the right to seek any equitable action (which does not violate the foregoing provisions), including, without limitation, temporary restraining orders and injunctive relief to enforce Corporation's obligations under this Agreement.‌
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