Common use of Limited Obligation Clause in Contracts

Limited Obligation. All obligations of the City under this Agreement and the Bonds shall be special obligations of the City, payable solely from the Special Tax Revenues and the funds pledged therefore hereunder. Neither the full faith and credit nor the taxing power of the City (except to the limited extent set forth herein) or the State of California or any political subdivision thereof is pledged to the payment of the Bonds.

Appears in 3 contracts

Samples: Fiscal Agent Agreement, Fiscal Agent Agreement, Fiscal Agent Agreement

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Limited Obligation. All obligations of the City under this Agreement and the Bonds shall not be special general obligations of the City, but shall be limited obligations, payable solely from the Special Tax Revenues and the funds pledged therefore hereunder. Neither the full faith and credit nor the taxing power of the City (except to the limited extent set forth herein) or of the State of California or any political subdivision thereof is pledged to the payment of the Bonds.

Appears in 2 contracts

Samples: Fiscal Agent Agreement, Fiscal Agent Agreement

Limited Obligation. All obligations of the City under this Agreement and the Bonds shall be special limited obligations of the City, payable solely from the Special Tax Revenues and the funds pledged therefore hereunder. Neither the full faith and credit nor the taxing power of the City City, the District (except with respect to the levy of Special Taxes in the District, to the limited extent set forth herein) or the State of California or any political subdivision thereof is pledged to the payment of the Bonds.

Appears in 1 contract

Samples: Fiscal Agent Agreement

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Limited Obligation. All obligations of the City under this Agreement and the Bonds shall not be special general obligations of the City, but shall be limited obligations, payable solely from the Special Tax Revenues and the funds pledged therefore therefor hereunder. Neither the full faith and credit nor the taxing power of the City (except to the limited extent set forth herein) or of the State of California or any political subdivision thereof is pledged to the payment of the Bonds.

Appears in 1 contract

Samples: Fiscal Agent Agreement

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