Common use of No General Obligations Clause in Contracts

No General Obligations. Each and every covenant herein made, including all covenants made in the various sections of this Article VII, is predicated upon the condition that neither Pima County, Arizona nor the State of Arizona shall in any event be liable for the payment of the principal of, or premium, if any, or interest on the Bonds or for the performance of any pledge, mortgage, obligation or agreement created by or arising out of this Indenture or the issuance of the Bonds, and further that neither the Bonds, nor the premium, if any, or interest thereon, nor any such obligation or agreement of the Authority shall be construed to constitute an indebtedness of Pima County, Arizona or the State of Arizona within the meaning of any constitutional or statutory provisions whatsoever. The Bonds and the interest and premium, if any, thereon shall be limited obligations of the Authority payable solely from the Receipts and Revenues of the Authority from the Loan Agreement and the other moneys pledged therefor. The Authority shall promptly cause to be paid, solely from the sources stated herein, the principal of and premium, if any, and interest on every Bond issued under this Indenture at the place, on the dates and in the manner provided herein and in said Bonds according to the true intent and meaning thereof.

No General Obligations. Each and every covenant herein made, including all covenants made in the various sections of this Article VII, is predicated upon the condition that neither Pima Countythe County of Coconino, Arizona nor the State of Arizona shall in any event be liable for the payment of the principal of, or premium, if any, or interest on the Bonds or for the performance of any pledge, mortgage, obligation or agreement created by or arising out of this Indenture or the issuance of the Bonds, and further that neither the Bonds, nor the premium, if any, or interest thereon, nor any such obligation or agreement of the Authority Pollution Control Corporation shall be construed to constitute an indebtedness of Pima Countythe County of Coconino, Arizona or the State of Arizona within the meaning of any constitutional or statutory provisions whatsoever. The Bonds and the interest and premium, if any, thereon shall be limited obligations of the Authority Pollution Control Corporation payable solely from the Receipts and Revenues of the Authority Pollution Control Corporation from the Loan Agreement and the other moneys pledged therefor. The Authority Pollution Control Corporation shall promptly cause to be paid, solely from the sources stated herein, the principal of and premium, if any, and interest on every Bond issued under this Indenture at the place, on the dates and in the manner provided herein and in said Bonds according to the true intent and meaning thereof.