Common use of Bank Action Authorized Clause in Contracts

Bank Action Authorized. Notwithstanding any other provision in this Bond Agreement or other instrument related hereto, the rights, privileges and immunities provided to the Bank by this Section 6 and any other provision of this Bond Agreement or any related instrument intended to provide authority to act, right to payment of fees and expenses, protection, immunity and indemnification of the Bank shall be interpreted to include any action of the Bank whether it is deemed to be in its capacity as fiscal agent and paying agent or assignee of Issuer pursuant to the Assignment or other related capacity. The provisions of this Section 6 shall be applicable to the Bank with respect to any function which it performs with respect to the Bonds.

Bank Action Authorized. Notwithstanding any other provision in this Bond Agreement or other instrument related hereto, the rights, privileges and immunities provided to the Bank by this Section 6 and any other provision of this Bond Agreement or any related instrument intended to provide authority to act, right to payment of fees and expenses, protection, immunity and indemnification of the Bank shall be interpreted to include any action of the Bank whether it is deemed to be in its capacity as fiscal agent and paying agent or assignee of Issuer pursuant to the Assignment Assignment, beneficiary of the Guaranty Agreement or other related capacity. The provisions of this Section 6 shall be applicable to the Bank with respect to any function which it performs with respect to the Bonds.