Not Indebtedness of the Commonwealth or MassDevelopment. It is expressly understood and agreed by the parties hereto that the obligations of MassDevelopment and the Council created by or arising from this Agreement shall not be, represent or constitute the indebtedness, bonded or otherwise, of the Commonwealth, MassDevelopment or the Council within the meaning of such term in the Constitution or the laws of the Commonwealth or a pledge of the faith or credit of the Commonwealth or grant to the owners or holders of the Project any right to have the Commonwealth levy any excises or taxes for the payment of any sums due hereunder. Monies in the Fund are not segregated for specific grants and Grant is subject to availability of monies in the Fund at the time of each disbursement request. The Fund is supported by annual commitments in the Commonwealth’s five year capital investment plan.
