BONDS ARE NOT GENERAL OBLIGATION Sample Clauses

BONDS ARE NOT GENERAL OBLIGATION. The 2014A Bonds‌ and the obligations evidenced thereby shall not be deemed to constitute a general obligation of the Issuer, or a debt liability or obligation of the Issuer or the faith and credit of the County, the State of Florida, or any political subdivision thereof, or a pledge of the faith and credit or taxing power of the County, the State of Florida or any political subdivision thereof. The Issuer shall not be obligated to pay the 2014A Bonds, any interest thereon, or any other obligations hereunder except from payments pursuant to Obligation No. 17 and amounts held by the Trustee in the Funds hereunder pledged therefor in the manner provided herein. Neither the faith and credit of the Issuer nor the faith and credit nor the taxing power of the County, the State of Florida, or any political subdivision thereof is pledged to the payment of the principal of or interest on the 2014A Bonds or any other obligations of the Issuer hereunder or thereunder. Neither the County, nor the State of Florida, nor any political subdivision thereof shall be directly, indirectly or contingently obligated to levy any form of taxation whatever for the payment of the Issuer's obligations hereunder or under the 2014A Bonds. The Issuer has no taxing power.
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Related to BONDS ARE NOT GENERAL OBLIGATION

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