Common use of No Warranty by Authority Clause in Contracts

No Warranty by Authority. The Authority makes no warranty, either express or implied, as to the condition of the Project or its suitability for the Borrower's purposes or needs or that the proceeds of the Bonds will be sufficient for the purposes set forth above.

Appears in 5 contracts

Samples: Loan Agreement (Maxxam Inc), Loan Agreement (Maxxam Inc), Loan and Guaranty Agreement (Doral Properties Inc)

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No Warranty by Authority. The Authority makes no warranty, either express or implied, as to the condition of the Project or its suitability for the Borrower's purposes purpose or needs or that the proceeds of the Bonds will be sufficient to pay the Cost of the Project or to reimburse the Borrower for the purposes set forth aboveCosts incurred in connection therewith.

Appears in 1 contract

Samples: Loan Agreement (WMS Hotel Corp)

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No Warranty by Authority. The Authority makes no warranty, either express or implied, as to the condition of the Project or its suitability for the Borrower's purposes purpose or needs or that the proceeds of the Bonds will be sufficient to pay the Costs or to reimburse the Borrower for the purposes set forth aboveCosts incurred.

Appears in 1 contract

Samples: Loan Agreement (El Conquistador Partnership Lp Se)

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