Common use of Source of Payment of Governmental Agency's Obligations Clause in Contracts

Source of Payment of Governmental Agency's Obligations. The Authority and the Governmental Agency agree that the amounts payable by the Governmental Agency under this Loan Agreement, including, without limitation, the amounts payable by the Governmental Agency pursuant to Section 3.03, Section 3.05, Section 3.06, and Section 5.04 of this Loan Agreement are payable solely from the Pledged Property, and are not payable from any other source whatsoever; provided, however, that the Governmental Agency at its option, may elect to make payment from any source available to it.

Appears in 3 contracts

Samples: Loan Agreement, Loan Agreement, Loan Agreement

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Source of Payment of Governmental Agency's Obligations. The Authority and the Governmental Agency agree that the amounts payable by the Governmental Agency under this Loan Agreement, including, without limitation, the amounts payable by the Governmental Agency pursuant to Section 3.03, Section 3.05, Section 3.06, and Section 5.04 of this Loan Agreement are payable solely from the Pledged Property, and are not payable from any other source whatsoever; provided, however, that the Governmental Agency at its option, may elect to make payment from any source available to it.any

Appears in 1 contract

Samples: Loan Agreement

Source of Payment of Governmental Agency's Obligations. The Authority and the Governmental Agency agree that the amounts payable by the Governmental Agency under this Loan Agreement, including, without limitation, the amounts payable by the Governmental Agency pursuant to Section 3.03, Section 3.053.06, Section 3.06, 3.08 and Section 5.04 of this Loan Agreement are payable solely from the Pledged Property, Gross Revenues and are not payable from any other source whatsoever; provided, however, that . Nothing herein shall be deemed to prevent the Governmental Agency at its option, may elect to make payment from paying the amounts payable under this Loan Agreement from any source other legally available to itsource.

Appears in 1 contract

Samples: Loan Agreement

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Source of Payment of Governmental Agency's Obligations. The Authority and the Governmental Agency agree that the amounts payable by the Governmental Agency under this Loan Agreement, including, without limitation, the amounts payable by the Governmental Agency pursuant to Section 3.03, Section 3.053.06, Section 3.06, 3.08 and Section 5.04 of this Loan Agreement are payable solely from the Pledged Property, Net Revenue and are not payable from any other source whatsoever; provided, however, that . Nothing herein shall be deemed to prevent the Governmental Agency at its option, may elect to make payment from paying the amounts payable under this Loan Agreement from any source other legally available to itsource.

Appears in 1 contract

Samples: Loan Agreement

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