Common use of Notice of No-Issuance Clause in Contracts

Notice of No-Issuance. The making of each Advance hereunder shall be deemed to be a representation and warranty by the City on the date of such borrowing that no Special Event of Default or Suspension Event shall have occurred or be continuing and that all representations and warranties under Article V hereof are true and correct, and deemed made, as of the date of such borrowing, except to the extent a representation or warranty relates specifically to an earlier date (in which case each such representation or warranty shall be true and correct as of such date).

Notice of No-Issuance. (b) The making of each Advance hereunder shall be deemed to be a representation and warranty by the City on the date of such borrowing that no Special Event of Default or Suspension Event shall have occurred or be continuing and that all representations and warranties under Article V hereof are true and correct, and deemed made, as of the date of such borrowing, except to the extent a representation or warranty relates specifically to an earlier date (in which case each such representation or warranty shall be true and correct as of such date).