Limited Liability of the City. Except for the payment of Payments from the Excise Tax Revenues and the State Shared Revenues when due in accordance with the Purchase Agreement and the performance of the other covenants and agreements of the City contained in the Purchase Agreement and herein, the City shall have no pecuniary obligation or liability to any of the other parties or to the Owners with respect to this Trust Agreement or the terms, execution, delivery or transfer of the Obligations or the distribution of Payments to the Owners by the Trustee.
Appears in 2 contracts
Samples: Trust Agreement, Trust Agreement
Limited Liability of the City. Except for the payment of Payments from the Excise Tax Revenues and the State Shared Net Revenues when due in accordance with the Purchase Agreement and the performance of the other covenants and agreements of the City contained in the Purchase Agreement and hereinAgreement, the City shall have no pecuniary obligation or liability to any of the other parties or to the Owners of the Obligations with respect to this Trust Agreement Agreement, or the terms, execution, delivery or transfer of the Obligations Obligations, or the distribution of Payments to the Owners by the Trustee.
Appears in 1 contract
Samples: Trust Agreement
Limited Liability of the City. Except for the payment of Payments from the Excise Tax Revenues and the State Shared Revenues when due in accordance with the Purchase Agreement and the performance of the other covenants and agreements of the City contained as expressly provided in the Purchase Agreement and hereinAgreement, the City shall not have no pecuniary any obligation or liability to any of the other parties Authority, the Trustee, or to the Owners with respect to this Trust Agreement or the termspreparation, execution, delivery delivery, transfer, exchange, or transfer cancellation of the Obligations Bonds or the distribution receipt, deposit, or disbursement of Payments the principal and interest payable with respect to the Owners Agreement by the Trustee, or with respect to the performance by the Trustee of any obligation contained herein required to be performed by it.
Appears in 1 contract
Samples: Trust Agreement
Limited Liability of the City. Except for the payment of Payments from the Excise Tax Revenues and the State Shared Pledged Revenues when due in accordance with the Purchase Agreement and the performance of the other covenants and agreements of the City contained in the Purchase Agreement and herein, the City shall have no pecuniary obligation or liability to any of the other parties or to the Owners with respect to this Trust Agreement or the terms, execution, delivery or transfer of the Obligations or the distribution of Payments to the Owners by the Trustee.Trustee.β
Appears in 1 contract
Samples: Trust Agreement
Limited Liability of the City. Except for the payment of Lease Payments, Additional Payments from the Excise Tax Revenues and the State Shared Revenues Prepayments when due in accordance with the Purchase Agreement Lease and the performance of the other covenants and agreements of the City contained herein and in the Purchase Agreement and hereinLease, the City shall have no pecuniary obligation or liability to any of the other parties or to the Certificate Owners with respect to this Trust Agreement or the terms, execution, delivery or transfer of the Obligations Certificates, or the distribution of Lease Payments to the Owners by the Trustee.
Appears in 1 contract
Samples: Trust Agreement
Limited Liability of the City. Except for the payment of Payments from the Excise Tax Revenues and the State Shared Revenues when due in accordance with the Purchase Agreement and the performance of the other covenants and agreements of the City contained in the Purchase Agreement and herein, the City shall have no pecuniary obligation or liability to any of the other parties or to the Owners with respect to this Trust Agreement or the terms, execution, delivery or transfer of the Obligations or the distribution of Payments to the Owners by the Trustee.
Appears in 1 contract
Samples: Trust Agreement