Common use of No Pecuniary Liability of the Issuer Clause in Contracts

No Pecuniary Liability of the Issuer. No provision, covenant, or agreement contained in this Agreement or breach thereof shall constitute or give rise to a pecuniary liability of the Issuer or a charge upon its general credit or taxing powers. In making such covenants, agreements, or provisions, the Issuer has not obligated itself, except with respect to the Project and the application of the revenues of this Agreement, as hereinabove provided.

Appears in 4 contracts

Samples: Loan Agreement (Louisville Gas & Electric Co /Ky/), Loan Agreement (LG&E & KU Energy LLC), Loan Agreement (LG&E & KU Energy LLC)

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No Pecuniary Liability of the Issuer. No provision, covenant, covenant or agreement contained in this Agreement Agreement, or any obligations herein imposed upon the Issuer, or the breach thereof thereof, shall constitute an indebtedness or liability of the Issuer within the meaning of any State constitutional provision or statutory limitation or shall constitute or give rise to a pecuniary liability of the Issuer or any member, officer, director, employee or agent of the Issuer or a charge upon its against the Issuer’s general credit or taxing powerscredit. In making such covenants, agreements, or provisionsthe Series 2017 Loan, the Issuer has not obligated itself, itself except with respect and solely to the Project and extent provided in the application of the revenues of this Agreement, as hereinabove providedIndenture.

Appears in 1 contract

Samples: Senior Loan Agreement (Virgin Trains USA LLC)

No Pecuniary Liability of the Issuer. No provision, covenant, covenant or agreement contained in this Agreement Agreement, or any obligations herein imposed upon the Issuer, or the breach thereof thereof, shall constitute an indebtedness or liability of the Issuer within the meaning of any State constitutional provision or statutory limitation or shall constitute or give rise to a pecuniary liability of the Issuer or any member, officer, director, employee or agent of the Issuer or a charge upon its against the Issuer’s general credit or taxing powerscredit. In making such covenants, agreements, or provisionsthe Taxable Series 2020B Loan, the Issuer has not obligated itself, itself except with respect and solely to the Project and extent provided in the application of the revenues of this Agreement, as hereinabove providedIndenture.

Appears in 1 contract

Samples: Senior Loan Agreement (Fortress Transportation & Infrastructure Investors LLC)

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No Pecuniary Liability of the Issuer. No provision, covenant, covenant or agreement contained in this Agreement or breach thereof shall constitute or give rise to a pecuniary liability of the Issuer or a charge upon its general credit or taxing powers. In making such covenants, agreements, agreements or provisions, the Issuer has not obligated itself, except with respect to the 2008 Project and the application of the revenues of this Agreement, as hereinabove provided.

Appears in 1 contract

Samples: Loan Agreement (PPL Energy Supply LLC)

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