Common use of Liability of the Authority Clause in Contracts

Liability of the Authority. The Authority and the Lender agree that the obligation of the Authority to pay the Obligations are contractual obligations of the Authority payable solely from the Revenues and shall not be affected by, and the Lender shall not be responsible for, among other things, (i) the validity, genuineness or enforceability of this Agreement, the Bank Note or documents, notices or endorsements relating thereto (even if this Agreement or any documents, notices endorsements relating thereto should in fact prove to be in any and all respects invalid, fraudulent or forged), (ii) the use to which the amounts disbursed by the Lender may be put, or (iii) any other circumstances or happenings whatsoever, whether or not similar to any of the foregoing.

Liability of the Authority. The Authority and the Lender Lenders agree that the obligation of the Authority to pay the Obligations are contractual obligations of the Authority payable solely from the Revenues and shall not be affected by, and neither the Administrative Agent nor any Lender shall not be responsible for, among other things, (i) the validity, genuineness or enforceability of this Agreement, the Bank Note Notes or documents, notices or endorsements relating thereto (even if this Agreement or any documents, notices endorsements relating thereto should in fact prove prcve to be in any and all respects invalid, fraudulent or forged), (ii) the use to which the amounts disbursed by the either Lender may be put, or (iii) any other circumstances or happenings happeni ngs whatsoever, whether or not similar si mi I ar to any of the foregoingforegoi ng.

Liability of the Authority. The Authority and the Lender agree that the obligation of the Authority to pay the Obligations are contractual obligations of the Authority payable solely from the Net Pledged Revenues and shall not be affected by, and the Lender shall not be responsible for, among other things, (i) the validity, genuineness or enforceability of this Agreement, the Bank Note Notes or documents, notices or endorsements relating thereto (even if this Agreement or any documents, notices endorsements relating thereto should in fact prove to be in any and all respects invalid, fraudulent or forged), (ii) the use to which the amounts disbursed by the Lender may be put, or (iii) any other circumstances or happenings whatsoever, whether or not similar to any of the foregoing.