Common use of Use of Project Clause in Contracts

Use of Project. The Issuer hereby acknowledges that it shall have no rights to the use or possession of the Project. The Issuer hereby further acknowledges that the Project will not constitute any part of the security for the Bonds.

Appears in 14 contracts

Sources: Loan Agreement (New Ships, Inc.), Loan Agreement (New Ships, Inc.), Loan Agreement (Southern Power Co)