Common use of No Pecuniary Liability Clause in Contracts

No Pecuniary Liability. No provision, representation, covenant or agreement contained in this Loan Agreement or in the Indenture, the Bonds, or any obligation herein or therein imposed upon the Issuer, or the breach thereof, shall constitute or give rise to or impose upon the Issuer a pecuniary liability (except to the extent of any loan repayments, revenues and receipts derived by the Issuer pursuant to this Loan Agreement). No provision hereof shall be construed to impose a charge against the general credit of the Issuer or the State or the taxing powers of the State within the meaning of any constitutional provision or statutory limitation, or any personal or pecuniary liability upon any director, official or employee of the Issuer.