Common use of Single Issue Clause in Contracts

Single Issue. No other obligations of the Authority (i) are reasonably expected to be paid from substantially the same source of funds as the Bonds (determined without regard to guarantees from unrelated parties), (ii) are being sold at substantially the same time as the Bonds (i.e., within fourteen days of September 11, 1997, the delivery date of the Bonds.

Appears in 2 contracts

Sources: Tax Certificate and Regulatory Agreement (Intracel Corp), Tax Certificate and Regulatory Agreement (Intracel Corp)