Common use of Limitations on Remedies Clause in Contracts

Limitations on Remedies. Notwithstanding any provision of this Agreement to the contrary, a judgment requiring a payment of money may be entered against a Sponsor by reason of an Event of Default hereunder only as to Sponsor Payments which would otherwise have been payable by such Sponsors hereunder during the remainder of the Fiscal Year in which such Event of Default occurs. A judgment requiring a payment of money may be entered against a Sponsor by reason of an Event of Non-Appropriation only as to the liabilities described in this Section of the Agreement.

Appears in 3 contracts

Samples: Project Financing, Construction and Lease Agreement, Project Financing, Construction and Lease Agreement, Project Financing, Construction and Lease Agreement

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Limitations on Remedies. Notwithstanding any provision of this Agreement to the contrary, a judgment requiring a payment of money may be entered against a Sponsor by reason of an Event of Default hereunder only as to Sponsor Payments which would otherwise have been payable by such Sponsors hereunder during the remainder of the Fiscal Year in which such Event of Default occurs. A judgment requiring a payment of money may be entered against a Sponsor by reason of an Event of Non-Appropriation Non­Appropriation only as to the liabilities described in this Section of the Agreement.

Appears in 2 contracts

Samples: Project Financing, Construction and Lease Agreement, Project Financing, Construction and Lease Agreement

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Limitations on Remedies. Notwithstanding any provision of this Agreement to the contrary, a judgment requiring a payment of money may be entered against a Sponsor by reason of an Event of Default hereunder only as to Sponsor Payments which would otherwise have been payable by such Sponsors hereunder during the remainder of the Fiscal Year in which such Event of Default occurs. A judgment requiring a payment of money may be entered against a Sponsor by reason of an Event of Non-Appropriation only as to the liabilities described in this Section of the Agreement.

Appears in 1 contract

Samples: Project Financing, Construction and Lease Agreement

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