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 Chukchansi Authority Ordinance, 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 2 contracts

Samples: Pledge and Security Agreement (Chukchansi Economic Development Authority), Pledge and Security Agreement (Chukchansi Economic Development Authority)

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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" Assets as defined in the Chukchansi Authority Ordinance, Ordinance 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, and the Collateral Documents shall upon transfer, such transfer no longer constitute Authority Assets;

Appears in 1 contract

Samples: Indemnification Agreement (Chukchansi Economic Development Authority)

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Property and Funds. The only property, 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 Chukchansi Authority Ordinance, Ordinance 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 this Indenture shall, upon transfer, no longer constitute Authority Assets;

Appears in 1 contract

Samples: Chukchansi Economic Development Authority

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