2017-B Project definition
Examples of 2017-B Project in a sentence
The County expressly acknowledges that the Authority makes, and has made, no representation or warranties whatsoever as to the existence or availability of such warranties of the manufacturer, vendor or contractor with respect to the Facilities and the 2017-B Project.
In no event shall the Trustee be liable for incidental, indirect, special or consequential damages in connection with or arising from the Facilities Lease, the Site Lease or this Trust Agreement for the existence, furnishing or use of the Facilities or the 2017-B Project.
The moneys in the Project Fund shall be disbursed by the Trustee upon the Written Request of the County in substantially the form of Exhibit B hereto filed with the Trustee, for the payment of Project Costs relating to the 2017-B Project.
The County’s sole remedy for the breach of such warranty, indemnification or representation shall be against the manufacturer or vendor or contractor of the Facilities, and the 2017-B Project, as applicable, and not against the Authority, nor shall such matter have any effect whatsoever on the rights and obligations of the Authority with respect to this Facilities Lease, including the right to receive full and timely payments hereunder.
The City hereby agrees to pay for, but solely from the Series 2017B Account of the Project Fund, and hereby authorizes and directs the Trustee to pay for, but solely from such account of the Project Fund, all Project Costs relating to the Series 2017B Project.
In no event shall the Authority be liable for any incidental, indirect, special or consequential damage in connection with or arising out of this Facilities Lease or the 2017-B Project or the existence, furnishing, functioning or the County’s use of any item or products or services provided for in this Facilities Lease.
The County may alter the 2017-B Project or issue change orders altering the construction contract plans and specifications during the course of construction, and the Authority agrees to cooperate fully with the County to cause such alterations or change orders to be implemented.
The Trustee makes no representation or warranty, express or implied, as to the title, value, design, compliance with specifications or legal requirements, quality, durability, operation, condition, merchantability or fitness for any particular purpose for the use contemplated by the Authority or County of the Facilities or the 2017-B Project.
Failure of the County to complete the 2017-B Project shall not cause an abatement of Base Rental or Additional Payments hereunder.
Upon the completion of the 2017-B Project, any amounts remaining in the 2017 Series B Project Account shall be expended on Capital Projects as specified by the County, subject to the receipt by the Authority of an Opinion of Counsel that such expenditures will not cause the interest on the Bonds to be included in gross income for purposes of federal income taxation, or shall be transferred to the Revenue Fund to pay interest and principal on the Bonds next coming due until fully used for such purpose .