Special and Limited Obligation Sample Clauses

Special and Limited Obligation. This Agreement shall constitute special and limited obligation of the City according to the terms hereof. This Agreement shall never constitute a general obligation of the City to which its credit, resources or general taxing power are pledged.
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Special and Limited Obligation. 10 Section 6.6. Time and Force Majeure 10 Section 6.7. Waiver 11 Section 6.8. Cooperation and Further Assurances ......................................................... 11 Section 6.9. Notices and Communications..................................................................... 11 Section 6.10. Successors in Interest ................................................................................. 12 Section 6.11. No Joint Venture, Agency, or Partnership Created .................................... 12 Section 6.12. Illinois Law; Venue .................................................................................... 12 Section 6.13. No Personal Liability of Officials of City .................................................. 13 Section 6.14. Superseder .................................................................................................. 13 Section 6.15. Term ........................................................................................................... 13
Sample 1Sample 2
Special and Limited Obligation. Notwithstanding anything to the contrary contained herein, the Authority’s obligation to pay or reimburse the Developer for Eligible Costs is and shall be a special and limited obligation of XXXX payable solely from Tax Increment Revenues on deposit in the XXXX Special Fund that were generated from the Urban Renewal Area in accordance with the Urban Renewal Plan. The Developer may not look to any other fund of XXXX for the payment or reimbursement of the Eligible Costs. The obligation to pay or reimburse the Developer for Eligible Costs pursuant to this Agreement is not a financial obligation or other indebtedness of the City, and the payment or reimbursement of such Eligible Costs is not secured by an encumbrance, mortgage or other pledge of property of the City.
Sample 1
Special and Limited Obligation. This Agreement shall constitute a special and limited obligation of the Village according to the terms hereof. This Agreement shall never constitute a general obligation of the Village to which its credit, resources or general taxing power are pledged. The Village pledges to the payment of its obligations under Sections 4.1 and 4.2 hereof only such amount of the Incremental Property Taxes as is set forth in Sections 4.1 and 4.2 hereof, if, as and when received, and not otherwise.
Sample 1

Related to Special and Limited Obligation

  • Limited Obligation The obligations, covenants and agreements of the Agency hereunder shall not constitute or give rise to an obligation of the State of New York, the County, or any city, town, village or school district within which the Project Facility is located and neither the State of New York, the County, nor any such city, town, village or school district shall be liable thereon, and further, such obligations, covenants and agreements shall not constitute or give rise to a general obligation of the Agency.

  • Limited Obligations This Agreement does not create any obligation of the Securities Intermediary except for those expressly set forth in this Agreement. The Securities Intermediary may conclusively rely and shall be fully protected in acting or refraining from acting upon notices and communications it believes to be genuine and given by the appropriate party. Except for permitting a withdrawal, delivery or payment in violation of Article III, the Securities Intermediary shall not be liable to the Secured Party or the Issuer for any error of judgment made in good faith and in accordance with this Agreement, nor shall it otherwise be liable under this Agreement except as a result of its own willful misconduct, bad faith or negligence.

  • Member Obligations In addition to the above, Member promises the following:

  • Obligation to Make Payments Any Interconnection Party's obligation to make payments for services shall not be suspended by Force Majeure.

  • Additional Indemnity Obligations Consultant shall defend, with counsel of Town’s choosing and at Consultant's own cost, expense and risk, any and all claims, suits, actions or other proceedings of every kind covered by Section 3.5.6.1 that may be brought or instituted against Town or its directors, officials, officers, employees, volunteers and agents. Consultant shall pay and satisfy any judgment, award or decree that may be rendered against Town or its directors, officials, officers, employees, volunteers and agents as part of any such claim, suit, action or other proceeding. Consultant shall also reimburse Town for the cost of any settlement paid by Town or its directors, officials, officers, employees, agents or volunteers as part of any such claim, suit, action or other proceeding. Such reimbursement shall include payment for Town's attorney's fees and costs, including expert witness fees. Consultant shall reimburse Town and its directors, officials, officers, employees, agents, and/or volunteers, for any and all legal expenses and costs incurred by each of them in connection therewith or in enforcing the indemnity herein provided. Consultant's obligation to indemnify shall not be restricted to insurance proceeds, if any, received by the Town, its directors, officials officers, employees, agents, or volunteers.

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