Common use of Reference to Bonds Ineffective After Bonds Paid Clause in Contracts

Reference to Bonds Ineffective After Bonds Paid. Upon Payment of the Bonds, including all fees and charges of the Trustee, all references in this Agreement to the Bonds and the Trustee shall be ineffective, and the Trustee, the Authority and the holders of any of the Bonds shall not thereafter have any right hereunder, excepting those that shall have theretofore vested.

Appears in 2 contracts

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

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Reference to Bonds Ineffective After Bonds Paid. Upon Payment of the Bonds, including and payment of all fees and charges of the Trustee, all references in this Loan Agreement to the Bonds and the Trustee shall be ineffective, ineffective and the Trustee, the Authority Authority, the Letter of Credit Bank and the holders of any of the Bonds Holders shall not thereafter have any right hereunder, excepting those that shall have theretofore vested.

Appears in 1 contract

Samples: Loan Agreement (WMS Hotel Corp)

Reference to Bonds Ineffective After Bonds Paid. Upon Payment of the Bonds, including and payment of all fees and charges of the Trustee, all references in this Loan Agreement to the Bonds and the Trustee shall be ineffective, ineffective and the Trustee, the Authority Authority, and the holders of any of the Bonds Holders shall not thereafter have any right rights hereunder, excepting those that shall have theretofore vested.

Appears in 1 contract

Samples: Loan Agreement (El Conquistador Partnership Lp Se)

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Reference to Bonds Ineffective After Bonds Paid. Upon Payment of the Bonds, including all fees and charges of the Trustee, all references in this Loan Agreement to the Bonds and the Trustee shall be ineffective, ineffective and the Trustee, the Authority Issuer and the holders of any of the Bonds shall not thereafter have any right rights hereunder, excepting those that shall have theretofore vested.

Appears in 1 contract

Samples: Loan Agreement (Simmons Co /Ga/)

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