Project not Security for Bonds Clause Samples
Project not Security for Bonds. It is expressly recognized by the parties that the Project will not constitute any part of the security for the Bonds. The principal security for the Bonds shall be the Note and the absolute, irrevocable and unconditional obligation of the Company to make the Note Payments.
Project not Security for Bonds. It is expressly recognized by the parties hereto that neither the Project nor any other property of the Corporation will constitute any part of the security for the Bonds.