Common use of Source of Payment of Funding Loan and Other Obligations Clause in Contracts

Source of Payment of Funding Loan and Other Obligations. The Funding Loan and the Governmental Lender Notes are limited obligations of the Governmental Lender, payable solely from the Pledged Revenues and other funds and moneys and Security pledged and assigned hereunder. None of the Governmental Lender (except as provided in the first sentence of this Section 5.1), the City of Chula Vista, the State, or any political subdivision thereof (except the Governmental Lender, to the limited extent set forth herein), shall in any event be liable for the payment of the principal of, premium (if any) or interest on the Funding Loan or the Governmental Lender Notes or for the performance of any pledge, obligation or agreement of any kind whatsoever with respect thereto except as set forth herein, and none of the Funding Loan, or the Governmental Lender Note or any of the Governmental Lender’s agreements or obligations with respect to the Funding Loan, the Governmental Lender Notes, or hereunder or under any of the other Funding Loan Documents, shall be construed to constitute an indebtedness of or a pledge of the faith and credit of or a loan of the credit of or a moral obligation of any of the foregoing within the meaning of any constitutional or statutory provision whatsoever. The Governmental Lender has no taxing power.

Source of Payment of Funding Loan and Other Obligations. The Funding Loan and the Governmental Lender Notes Funding Note are limited obligations of the Governmental Lender, payable solely from the Pledged Revenues and other funds and moneys and Security pledged and assigned hereunder. None of the Governmental Lender (except as provided in the first sentence of this Section 5.1), the City of Chula VistaLender, the State, the County, or any political subdivision thereof (except the Governmental Lender, to the limited extent set forth herein), ) nor any public agency shall in any event be liable for the payment of the principal of, premium (if any) or interest on the Funding Loan or the Governmental Lender Notes Funding Note or for the performance of any pledge, obligation or agreement of any kind whatsoever with respect thereto except as set forth herein, and none of the Funding Loan, Loan or the Governmental Lender Funding Note or any of the Governmental Lender’s agreements or obligations with respect to the Funding Loan, the Governmental Lender NotesFunding Note, or hereunder or under any of the other Funding Loan Documentshereunder, shall be construed to constitute an indebtedness of or a pledge of the full faith and credit of or a loan of the credit of or a moral obligation of any of the foregoing within the meaning of any constitutional or statutory provision whatsoever. Neither the full faith, revenues, credit nor taxing power of the State or any other political corporation or subdivision or agency thereof shall be pledged to the payment of the principal of, premium (if any), or interest on the Funding Note or this Funding Loan Agreement. The Governmental Lender has no taxing powerauthority under applicable law to levy ad valorem taxes to pay the principal of, premium (if any) or interest on the Funding Loan or the Funding Note.

Source of Payment of Funding Loan and Other Obligations. The Funding Loan and the Governmental Lender Notes Note are limited obligations of the Governmental Lender, payable solely from the Pledged Revenues and other funds and moneys and Security pledged and assigned hereunder. None of the Governmental Lender (except as provided in the first sentence of this Section 5.1), the City of Chula VistaRichmond, California, or the State, State or any political subdivision thereof (except the Governmental Lender, to the limited extent set forth herein), ) nor any other public agency shall in any event be liable for the payment of the principal of, premium Prepayment Premium (if any) or interest on the Governmental Lender Note and the Funding Loan or the Governmental Lender Notes or for the performance of any pledge, obligation or agreement of any kind whatsoever with respect thereto except as set forth herein, and none of the Funding Loan, Loan or the Governmental Lender Note or any of the Governmental Lender’s agreements or obligations with respect to the Funding Loan, the Governmental Lender NotesNote, or hereunder or under any of the other Funding Loan Documents, shall be construed to constitute an indebtedness of or a pledge of the faith and credit of or a loan of the credit of or a moral obligation of any of the foregoing within the meaning of any constitutional or statutory provision whatsoever. The Governmental Lender has no taxing power.

Source of Payment of Funding Loan and Other Obligations. The Funding Loan and the Governmental Lender Notes are limited obligations of the Governmental Lender, Note is payable solely from the Pledged Revenues and any other revenues, funds and moneys and Security or assets of the Governmental Lender pledged and assigned hereunderunder this Funding Loan Agreement and not from any other revenues, funds or assets of the Governmental Lender. None of the Governmental Lender (except as provided in the first sentence of this Section 5.1), the City of Chula VistaLender, the State, or any political subdivision thereof (except the Governmental Lender, to the limited extent set forth herein), ) nor any public agency shall in any event be liable for the payment of the principal of, premium (if any) or interest on the Governmental Lender Note and the Funding Loan or the Governmental Lender Notes or for the performance of any pledge, obligation or agreement of any kind whatsoever with respect thereto except as set forth herein, and none of the Funding Loan, Loan or the Governmental Lender Note or any of the Governmental Lender’s agreements or obligations with respect to the Funding Loan, the Governmental Lender NotesNote, or hereunder or under any of the other Funding Loan Documentshereunder, shall be construed to constitute an indebtedness of or a pledge of the faith and credit of or a loan of the credit of or a moral obligation of any of the foregoing within the meaning of any constitutional or statutory provision whatsoever. The Neither the faith, revenues, credit nor taxing power of the Governmental Lender, the State or any other political corporation or subdivision or 4810-8817-5806.3 agency thereof shall be pledged to the payment ofthe principal of, premium (if any), or interest on the Governmental Lender has no taxing powerNote or this Funding Loan Agreement.