No TxDOT Liability. 4.2.1 TxDOT shall have no obligation to pay debt service on any debt issued or incurred in connection with the Facility or this Agreement. TxDOT shall have no obligation to join in, execute or guarantee any note or other evidence of indebtedness incurred in connection with the Facility or this Agreement, any other Funding Agreement or any Security Document.
No TxDOT Liability. 3.2.1 TxDOT shall have no obligation to pay debt service on any debt issued or incurred in connection with the Project or this Agreement. TxDOT shall have no obligation to join in, execute or guarantee any note or other evidence of indebtedness incurred in connection with the Project or this Agreement, any other Funding Agreement or any Security Document.
3.2.2 None of the State, TxDOT, the Commission or any other agency, instrumentality or political subdivision of the State, and no board member, director, officer, employee, agent or representative of any of them, has any liability whatsoever for payment of the principal sum of any Project Debt, any other obligations issued or incurred by any Person described in Section 3.5.2(b) in connection with this Agreement, the Lease or the Project, or any interest accrued thereon or any other sum secured by or accruing under any Funding Agreement or Security Document. Except for a violation by TxDOT of its express obligations to Lenders set forth in any Lenders’ Direct Agreement and except as set forth in Section 14.4.3(c), no Lender is entitled to seek any damages or other amounts from TxDOT, whether for Project Debt or any other amount. TxDOT’s review of any Funding Agreements or Security Documents or other Project financing documents (a) is not a guaranty or endorsement of the Project Debt, any other obligations issued or incurred by any Person described in Section 3.5.2(b) in connection with this Agreement, the Lease or the Project, or any traffic and revenue study, and (b) is not a representation, warranty or other assurance as to the ability of any such Person to perform its obligations with respect to the Project Debt or any other obligations issued or incurred by such Person in connection with this Agreement, the Lease or the Project, or as to the adequacy of the Toll Revenues to provide for payment of the Project Debt or any other obligations issued or incurred by such Person in connection with this Agreement, the Lease or the Project. For the avoidance of doubt, the foregoing does not affect TxDOT’s liability to Developer for Termination Compensation that is measured in whole or in part by outstanding Project Debt or the obligations of the PABs Issuer under any Funding Agreement.
3.2.3 TxDOT shall not have any obligation to any Lender pursuant to this Agreement, except, if the Collateral Agent has notified TxDOT of the existence of its Security Documents, for the express obligations to Lenders set forth in...
No TxDOT Liability. 4.2.1 TxDOT shall have no obligation to pay debt service on any debt issued or incurred in connection with the Facility or this Agreement. TxDOT shall have no obligation to Texas Department of Transportation North Tarrant Express – Concession Facility - 10 - Request for Proposals Volume II, Book 1 -- Concession CDA March 3, 2008 join in, execute or guarantee any note or other evidence of indebtedness incurred in connection with the Facility or this Agreement, any other Funding Agreement or any Security Document.
