Common use of Power to Issue Bonds and Make Pledge and Assignment Clause in Contracts

Power to Issue Bonds and Make Pledge and Assignment. The Authority is duly authorized pursuant to law to issue the Bonds and to enter into this Indenture and to pledge and assign the Payments and other assets purported to be pledged and assigned, respectively, under this Indenture in the manner and to the extent provided in this Indenture. The Bonds and the provisions of this Indenture are and will be the valid and binding limited obligations of the Authority, and the Authority and Trustee shall at all times, to the extent permitted by law and subject to the provisions of this Indenture, defend, preserve and protect said pledge and assignment of Payments and other assets and all the rights of the Bondholders under this Indenture against all claims and demands of all persons whomsoever.

Power to Issue Bonds and Make Pledge and Assignment. The Authority represents and covenants that it is duly authorized pursuant to law to issue the Bonds and to enter into this Indenture and to pledge and assign the Payments Revenues and other assets purported to be pledged and assigned, respectively, under this Indenture in the manner and to the extent provided in this Indenture. The Bonds and the provisions of this Indenture are and will be the legal, valid and binding limited obligations of the AuthorityAuthority in accordance with their terms, and the Authority and Trustee shall at all times, to the extent permitted by law and subject to the provisions of this Indenturelaw, defend, preserve and protect said pledge and assignment of Payments Revenues and other assets and all the rights of the Bondholders under this Indenture against all claims and demands of all persons Persons whomsoever.

Power to Issue Bonds and Make Pledge and Assignment. The Authority Board represents and covenants that it is duly authorized pursuant to law to issue the Bonds and to enter into this Indenture and to pledge and assign the Payments Revenues and other assets purported to be pledged and assigned, respectively, under this Indenture in the manner and to the extent provided in this Indenture. The Bonds and the provisions of this Indenture are and will be the legal, valid and binding limited obligations of the AuthorityBoard in accordance with their terms, and the Authority Board and Trustee shall at all times, to the extent permitted by law and subject to the provisions of this Indenturelaw, defend, preserve and protect said pledge and assignment of Payments Revenues and other assets and all the rights of the Bondholders under this Indenture against all claims and demands of all persons Persons whomsoever.

Power to Issue Bonds and Make Pledge and Assignment. The Authority is duly authorized pursuant to law to issue the Bonds and to enter into this Indenture and to pledge and assign the Payments Revenues and other assets purported to be pledged and assigned, respectively, under this Indenture in the manner and to the extent provided in this Indenture. The Bonds and the provisions of this Indenture are and will be the legal, valid and binding limited obligations of the AuthorityAuthority in accordance with their terms, and the Authority and Trustee shall at all times, to the extent permitted by law and subject to the provisions of this Indenturelaw, defend, preserve and protect said pledge and assignment of Payments Revenues and other assets and all the rights of the Bondholders under this Indenture against all claims and demands of all persons Persons whomsoever, subject to the limitations set forth in Article VIII relating to the Trustee.

Power to Issue Bonds and Make Pledge and Assignment. The Authority represents and covenants that it is duly authorized pursuant to law to issue the Bonds and to enter into this Indenture and to pledge and assign the Payments Revenues and other assets purported to be pledged and assigned, respectively, under this Indenture in the manner and to the extent provided in this Indenture. The Bonds and the provisions of this Indenture are and will be the legal, valid and binding limited obligations of the AuthorityAuthority in accordance with their terms, and the Authority and Trustee shall at all times, to the extent permitted by law law, and subject to at the provisions expense of this Indenturethe Company, defend, preserve and protect said pledge and assignment of Payments Revenues and other assets and all the rights of the Bondholders under this Indenture against all claims and demands of all persons Persons whomsoever.