Common use of Limited Obligation Clause in Contracts

Limited Obligation. The obligations and agreements of the Agency contained herein shall not constitute or give rise to an obligation of the State of New York or the County of Onondaga, New York, and neither the State of New York nor the County of Onondaga, New York shall be liable thereon, and further such obligations and agreements shall not constitute or give rise to a general obligation of the Agency, but rather shall constitute limited obligations of the Agency payable solely from the revenues of the Agency derived and to be derived from the lease, sale or other disposition of the Project Facility (except for revenues derived by the Agency with respect to the Unassigned Rights, as defined in the Lease Agreement).

Appears in 3 contracts

Samples: Tax Agreement, Tax Agreement, Tax Agreement

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Limited Obligation. The obligations obligations, covenants and agreements of the Agency contained herein shall not constitute or give rise to an obligation of the State of New York or the County of OnondagaOnondaga County, New York, and neither the State of New York nor the County of OnondagaOnondaga County, New York shall be liable thereonthereon and, and further further, such obligations obligations, covenants and agreements shall not constitute or give rise to a general obligation of the Agency, but rather shall constitute limited obligations of the Agency payable solely from the revenues of the Agency derived and to be derived from the lease, sale or other disposition of the Project Facility Premises (except for revenues derived by the Agency with respect to the Unassigned Rights, as defined in the Lease Agreement).

Appears in 2 contracts

Samples: Tax Agreement, Tax Agreement

Limited Obligation. The obligations and agreements of the Agency contained herein shall not constitute or give rise to an obligation of the State of New York or the County of OnondagaSaratoga, New York, and neither the State of New York nor the County of OnondagaSaratoga, New York shall be liable thereon, and further such obligations and agreements shall not constitute or give rise to a general obligation of the Agency, but rather shall constitute limited obligations of the Agency payable solely from the revenues of the Agency derived and to be derived from the lease, sale or other disposition of the Project Facility (except for revenues derived by the Agency with respect to the Unassigned Rights, as defined in the Lease Agreement).

Appears in 1 contract

Samples: Tax Agreement

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Limited Obligation. The obligations obligations, covenants and agreements of the Agency contained herein shall not constitute or give rise to an obligation of the State of New York or the County of OnondagaOnondaga County, New York, and neither the State of New York nor the County of OnondagaOnondaga County, New York shall be liable thereonthereon and, and further further, such obligations obligations, covenants and agreements shall not constitute or give rise to a general obligation of the Agency, but rather shall constitute limited obligations of the Agency payable solely from the revenues of the Agency derived and to be derived from the lease, sale or other disposition of the Project Facility (except for revenues derived by the Agency with respect to the Unassigned Rights, as defined in the Lease Agreement).

Appears in 1 contract

Samples: Tax Agreement

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