Common use of Undersigned XXXX Xxxxx 0 Participant Liability Clause in Contracts

Undersigned XXXX Xxxxx 0 Participant Liability. Any and all obligations of the undersigned Participant that may arise under this Agreement, whether financial or otherwise, shall be payable solely from the revenues, income, rents and receipts earned by such Participant from the operation of its water utility enterprise. Nothing herein shall be deemed to prevent the undersigned Participant from making any payments from any other legally available source. In no event shall undersigned Participant be required to spend any money from taxes in violation of Section 20(4) of Article X of the Colorado Constitution in the performance of its obligations under this Agreement or which would cause such Participant to lose its enterprise status as such status is defined in the Colorado Constitution. In addition, the undersigned Participant shall not be required to expend any funds or impair any assets of its parent entity in the performance of its obligations under this Agreement. The obligations of the undersigned Participant under this Agreement do not constitute a debt, indebtedness or multiple fiscal year obligation of its parent entity within the meaning of any constitutional, charter or statutory provision or limitation, and shall not be considered or held to be a general obligation of the Participant or of its parent entity.

Undersigned XXXX Xxxxx 0 Participant Liability. Any and all obligations of the undersigned Participant that may arise under this Agreement, whether financial or otherwise, shall be payable solely from the revenues, income, rents and receipts earned by such Participant from the operation of its [water utility utility] enterprise. Nothing herein shall be deemed to prevent the undersigned Participant from making any payments from any other legally available source. In no event shall undersigned Participant be required to spend any money from taxes in violation of Section 20(4) of Article X of the Colorado Constitution in the performance of its obligations under this Agreement or which would cause such Participant to lose its enterprise status as such status is defined in the Colorado Constitution. In addition, the undersigned Participant shall not be required to expend any funds or impair any assets [of its parent entity entity] in the performance of its obligations under this Agreement. The obligations of the undersigned Participant under this Agreement do not constitute a debt, indebtedness or multiple fiscal year obligation of [its parent entity entity] within the meaning of any constitutional, charter or statutory provision or limitation, and shall not be considered or held to be a general obligation of [the Participant or Participant][or of its parent entity].