Common use of Property and Funds Clause in Contracts

Property and Funds. The only assets or rights against which any award, judgment or other order for relief arising from this waiver may be enforced are "Authority Assets" as defined in the "Ordinance of the Picayune Rancheria Establishing and Governing the Chukchansi Economic Development Authority," as amended by an amendment thereto adopted on July 13, 2002 by Resolution No. 2002-27 of the Tribe's Tribal Counsel ("Tribal Counsel"), and an amendment thereto adopted on July 30, 2002 by Resolution No. 2002-37, whether held in the name of the Authority, the Tribe or any branch, department, agency, instrumentality, division, subsidiary, authority, enterprise, corporation, business or other entity directly or indirectly owned or controlled in whole or in part by either the Authority or the Tribe. Notwithstanding the foregoing, any revenues or other property transferred by the Authority to any other Tribal Party in compliance with the Senior Notes shall, upon transfer, no longer constitute Authority Assets;

Appears in 4 contracts

Samples: Intercreditor Agreement (Chukchansi Economic Development Authority), Letter of Credit Drawdown Agreement (Chukchansi Economic Development Authority), Collateral and Disbursement Agreement (Chukchansi Economic Development Authority)

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