Common use of Disqualified Bonds Clause in Contracts

Disqualified Bonds. Bonds owned or held by or for the account of the Authority or the City shall not be deemed Outstanding for the purpose of any consent or other action or any calculation of Outstanding Bonds provided in this Article, and shall not be entitled to consent to or take any other action provided in this Article; provided, however, that the Trustee shall not be deemed to have knowledge that any Bond is owned or held by or for the account of the Authority or the City unless the Authority or the City is the registered Owner or the Trustee has received written notice that any other registered Owner is holding for the account of the Authority or City.

Disqualified Bonds. Bonds owned or held by or for the account of the Authority or the City shall not be deemed Outstanding for the purpose of any vote, consent or other action or any calculation of Outstanding Bonds provided in this ArticleArticle provided for, and neither the City nor any owner or Holder of such Bonds shall not be entitled to vote or consent to, or to or take take, any other action provided for in this Article; provided, however, that the Trustee . Any Pledged Bonds shall not be deemed to have knowledge that any Bond is owned or held by or Outstanding and, for the account purposes of any vote, shall be considered to be owned by the Authority or the City unless the Authority or the City is the registered Owner or the Trustee has received written notice that any other registered Owner is holding for the account of the Authority or Cityappropriate Security Instrument Issuer.

Disqualified Bonds. Bonds owned or held by or for the account of the Authority City, excepting any pension or the City retirement fund, shall not be deemed Outstanding for the purpose of any vote, consent or other action or any calculation of Outstanding Bonds provided for in this ArticleArticle VIII, and shall not be entitled to vote upon, consent to to, or take any other action provided for in this ArticleArticle VIII; provided, however, that the Trustee shall not be deemed to have knowledge that any Bond is owned or held by or for the account of the Authority or the City unless the Authority or the City is the registered Owner or the Trustee has received written notice that any other registered Owner is holding an Owner for the account of the Authority or City.