Non-Liability of Authority. The Authority shall not be obligated to pay the principal of, or premium, if any, or interest on the Bonds, except from Revenues. The Borrower hereby acknowledges that the Authority's sole source of moneys to repay the Bonds will be provided by the payments made by the Borrower pursuant to this Agreement, together with other Revenues, including investment income on certain funds and accounts held by the Trustee under the Indenture, and hereby agrees that if the payments to be made hereunder shall ever prove insufficient to pay all principal of, and premium, if any, and interest on the Bonds as the same shall become due (whether by maturity, redemption, acceleration or otherwise), then upon notice from the Trustee, the Borrower shall pay such amounts as are required from time to time to prevent any deficiency or default in the payment of such principal, premium or interest, including, but not limited to, any deficiency caused by acts, omissions, nonfeasance or malfeasance on the part of the Trustee, the Borrower, the Authority or any third party.
Non-Liability of Authority. The Authority shall not be obligated to pay 2009-A Purchase Payments. Neither the faith and credit nor the taxing power of the City, the State or any political subdivision thereof is pledged to the payment of the principal, premium or interest with respect to the 2009-A Bonds. The City hereby agrees that if the payments to be made hereunder shall ever prove insufficient to pay all principal of, premium, if any, and interest on the 2009-A Bonds as the same shall become due (whether at maturity, by redemption or otherwise), then upon notice from the Trustee, the City shall, subject to Section 5.04 hereof, pay such amounts as are required from time to time to prevent any deficiency or default in the payment of such principal, premium or interest, including but not limited to any deficiency caused by acts, omissions, nonfeasance or malfeasance on the part of the Trustee, the City, the Authority or any third party. None of the City, the Trustee or the Owners shall have any right to compel the Authority to pay Principal Components or Interest Components of 2009-A Purchase Payments or prepayment premiums with respect to the 2009-A Bonds, if any, except in each case to the extent the Authority has received such amounts from the City.
Non-Liability of Authority. The Authority will not in any event be liable for any acts or omissions of Virgin, or its agents, employees, contractors, officers, directors, licensees or invitees, or for any condition resulting from the operations or activities of Virgin, Virgin’s agents, employees, contractors, officers, directors, licensees or invitees working for, or on behalf of, Virgin. The Authority will not be liable for Virgin’s failure to perform any of its obligations under this Lease or for any delay in the performance thereof.
Non-Liability of Authority. The Authority shall not be obligated to pay the principal of or interest on the Notes, except from certain loan repayments received for the payment thereof from the Borrower under this Loan Agreement and from other from the borrowers under their loan agreements executed and delivered in accordance with the Program and attributable to the Notes. Neither the faith and credit nor the taxing power of the State or any political subdivision thereof, nor the faith and credit of the Authority or any member is pledged to the payment of the principal or interest on the Notes. The Authority shall not be liable for any costs, expenses, losses, damages, claims or actions, of any conceivable kind on any conceivable theory, under or by reason of or in connection with this Loan Agreement, the Notes or the Indenture, except only to the extent amounts are received for the payment thereof from the Borrower under this Loan Agreement and from other from the borrowers under their loan agreements executed and delivered in accordance with the Program and attributable to the Notes. The Borrower hereby acknowledges that the Authority’s sole source of moneys to repay the Notes will be provided by the payments made by the Borrower to the Trustee pursuant to this Loan Agreement, together with other amounts received by the Trustee in accordance with other loan agreements from other charter schools or borrowers participating the Program other than those operated by the Borrower, and pursuant to the Indenture, and investment income on certain funds and accounts held by the Trustee under the Indenture, and hereby agrees that if the Loan Repayments shall ever prove insufficient to pay the Borrower’s Proportionate Share of all principal of and interest on the Notes as the same shall become due (whether by maturity, acceleration or otherwise), then upon notice from the Trustee, the Borrower shall pay such amounts as are required from time to time to prevent any deficiency or default in the payment of such principal or interest, including, but not limited to, any deficiency caused by acts, omissions, nonfeasance or malfeasance on the part of the Trustee, the Borrower, the Authority or any third party, subject to any right of reimbursement from the Trustee, the Authority or any such third party, as the case may be, therefor.
Non-Liability of Authority. The Authority shall not be obligated to pay 2024-A Purchase Payments. Neither the faith and credit nor the taxing power of the City, the State or any political subdivision thereof is pledged to the payment of the principal, premium or interest with respect to the 2024-A Bonds. The City hereby agrees that if the payments to be made hereunder shall ever prove insufficient to pay all principal of, premium, if any, and interest on the 2024-A Bonds as the same shall become due (whether at maturity, by redemption or otherwise), then upon notice from the Trustee, the City shall, subject to Section 5.04 hereof, pay such amounts as are required from time to time to prevent any deficiency or default in the payment of such principal, premium or interest, including but not limited to any deficiency caused by acts, omissions, nonfeasance or malfeasance on the part of the Trustee, the City, the Authority or any third party. None of the City, the Trustee or the Owners shall have any right to compel the Authority to pay Principal Components or Interest Components of 2024-A Purchase Payments or prepayment premiums with respect to the 2024-A Bonds, if any, except in each case to the extent the Authority has received such amounts from the City.
Non-Liability of Authority. EXPENSES; INDEMNIFICATION
Non-Liability of Authority. Authority shall not in any event be liable for any acts or omissions of Lessee or its agents, servants, employees, or independent contractors, or for any condition resulting from the operations or activities of any such Lessee, tenant, or concessionaire, Lessee, agents, servants, employees, or independent contractors, or for any conditions resulting from the operations or activities of Lessee’s agents, servants, employees, or independent contractors either to Lessee or to any other person. Authority shall not be liable for any loss or damages suffered by Lessee arising out of the interruption or cessation of the business conducted by Lessee under this Agreement.
Non-Liability of Authority. 24 SECTION 9.2. EXPENSES............................................................ 24 SECTION 9.3. INDEMNIFICATION..................................................... 24 ARTICLE X MISCELLANEOUS
Non-Liability of Authority. Authority shall not be obligated to pay the principal (or redemption price) of or interest on the Bonds, except from Payments and other moneys and assets received by the Trustee pursuant to the Loan Agreement. Neither the faith and credit nor the taxing power of the State or any political subdivision thereof (including the County), nor the faith and credit of the Authority is pledged to the payment of the principal (or redemption price) of or interest on the Bonds. The Authority shall not be liable for any costs, expenses, losses, damages, claims or actions, of any conceivable kind on any conceivable theory, under or by reason of or in connection with the Loan Agreement, the Bonds or this Indenture, except only to the extent amounts are received for the payment thereof from the Corporation under the Loan Agreement. The Trustee hereby acknowledges that the Authority’s sole source of moneys to repay the Bonds will be provided by the payments made by the Corporation to the Trustee pursuant to the Loan Agreement, together with investment income on certain funds and accounts held by the Trustee under this Indenture, and hereby agrees that if the payments to be made under the Loan Agreement shall ever prove insufficient to pay all principal (or redemption price) and interest on the Bonds as the same shall become due (whether by maturity, redemption, acceleration or otherwise), then the Trustee shall give notice to the Corporation in accordance with Section 7.01 of this Indenture to pay such amounts as are required from time to time to prevent any deficiency or default in the payment of such principal (or redemption price) or interest, including, but not limited to, any deficiency caused by acts, omissions, nonfeasance or malfeasance on the part of the Trustee, the Corporation, the Authority or any third party, subject to any right of reimbursement from the Trustee, the Authority or any such third party, as the case may be, therefor. THE BONDS DO NOT CONSTITUTE A DEBT OR LIABILITY OF THE STATE OF CALIFORNIA, THE COUNTY OR OF ANY POLITICAL SUBDIVISION THEREOF, OTHER THAN THE AUTHORITY, BUT SHALL BE PAYABLE SOLELY FROM THE FUNDS PROVIDED THEREFOR. THE AUTHORITY SHALL NOT BE OBLIGATED TO PAY THE PRINCIPAL OF THE BONDS, OR THE REDEMPTION PREMIUM OR INTEREST THEREON, EXCEPT FROM THE FUNDS PROVIDED THEREFOR UNDER THE INDENTURE AND NEITHER THE FAITH AND CREDIT NOR THE TAXING POWER OF THE STATE OF CALIFORNIA, THE COUNTY OR OF ANY POLITICAL SUBDIVISION THEREOF, INCLUDING ...
Non-Liability of Authority. Other than set forth herein or in the Indenture, the Authority shall not be obligated to pay 2024-A Purchase Payments. Neither the faith and credit nor the taxing power of the State or any political subdivision thereof is pledged to the payment of the principal of, premium, if any, or interest on the 2024-A Bonds. The City hereby agrees that if the payments to be made hereunder shall ever prove insufficient to pay all principal of, premium, if any, and interest on the 2024-A Bonds as the same shall become due (whether by maturity, redemption or otherwise), then upon notice from the Trustee, the City shall, subject to Section 4.4 hereof and to the extent permitted by law, pay such amounts as are required from time to time to prevent any deficiency or default in the payment of such principal, premium or interest, including, but not limited to, any deficiency caused by acts, omissions, nonfeasance or malfeasance on the part of the Trustee, the City, the Authority or any third party. The City, the Trustee and/or the Owners shall have no right to compel the Authority to pay Principal Components or Interest Components of 2024-A Purchase Payments.
