Common use of Assignment by Authority Clause in Contracts

Assignment by Authority. By the provisions of the Trust Agreement, the Authority will assign its rights under and interest in this Agreement (except its rights to receive notices, reports and other statements given both to the Authority and the Trustee, its rights under Sections 4.04, 4.05, 4.07, 5.07, 7.02 and 7.04 to payment of certain costs and expenses and to indemnification, and its right to individual and corporate exemption from liability under Sections 5.04, 9.14 and 9.15 and the Security Agreements and will pledge and assign any payments, receipts and revenues receivable by it (except as aforesaid) under or pursuant to this Agreement and the Security Agreements and income earned by the investment of funds held under the Trust Agreement, to the Trustee as security for the payment of the principal of and premium, if any, and interest on the Bonds. Except as provided in this Section. 6.02, the Authority will not sell, assign, transfer, convey or otherwise dispose of its interest in this Agreement or the payments. receipts and revenues of the Authority derived hereunder.

Assignment by Authority. By the provisions of the Trust Agreement, the Authority will assign its rights under and interest in this Agreement (except its rights to receive notices, reports and other statements given both to the Authority and the Trustee, its rights under Sections 4.04, 4.05, 4.07, 5.07, 7.02 and 7.04 hereof to payment of certain costs and expenses and to indemnification, and its right to individual and corporate exemption from liability under Sections 5.04, 9.14 and 9.15 and the Security Agreements hereof) and will pledge and assign any payments, receipts and revenues receivable by it (except as aforesaid) under or pursuant to this Agreement and the Security Agreements and income earned by the investment of funds held under the Trust Agreement, to the Trustee as security for the payment of the principal of and premium, if any, and interest on the Bonds. Except as provided in this Section. 6.02Section 6.03, the Authority will not sell, assign, transfer, convey or otherwise dispose of its interest in this Agreement or the payments. , receipts and revenues of the Authority derived hereunder.