Exclusion of Bonds Sample Clauses
The Exclusion of Bonds clause serves to explicitly state that bonds are not included within the scope of the agreement or contract. In practice, this means that any obligations, guarantees, or financial instruments classified as bonds are not covered by the terms set forth in the document, and parties cannot rely on the contract to govern or enforce rights related to bonds. This clause is essential for clarifying the boundaries of the agreement, preventing misunderstandings, and ensuring that the parties are aware that bonds require separate arrangements or documentation.
Exclusion of Bonds. Bonds owned or held by or for the account of the Authority shall not be deemed Outstanding for the purpose of consent or other action or any calculation of the Principal Amount of Outstanding Bonds provided for in this Article, and the Authority shall not be entitled with respect to such Bonds to give any consent or take any other action provided for taken under this Article. The Authority shall furnish the Trustee a certificate of an Authorized Officer, upon which the Trustee may rely, describing all Bonds so to be excluded.
Exclusion of Bonds. Bonds owned or held by or for the account of the Corporation shall not be deemed Outstanding for the purpose of consent or other action provided for herein, and the Corporation shall not be entitled with respect to such Bonds to give any consent or take any other action provided for herein. At the time of any consent or other action taken hereunder, the Corporation shall furnish the Trustee a certificate of an Authorized Officer, upon which the Trustee may rely, describing all Bonds so to be excluded.
Exclusion of Bonds. Bonds owned by or for the account of the City shall not be deemed Outstanding for the purpose of consent or other action or any calculation of Outstanding Bonds provided for in this Article, and the City shall not be entitled with respect to such Bonds to give any consent or take any other action provided for in this Article. At the time of any consent or other action taken under this Article, the City shall furnish the Trustee with a Certificate upon which the Trustee may rely, describing all Bonds so to be excluded.
Exclusion of Bonds. Bonds owned or held by or for the account of the Issuer or the Borrower shall not be deemed Outstanding for the purpose of consent or other action or any calculation of Outstanding Bonds provided for in this Indenture, and the Issuer and the Borrower shall not be entitled with respect to such Bonds to give any consent or take any other action provided for herein, unless all of the Outstanding Bonds are then owned by such Person.
Exclusion of Bonds. Bonds owned or held by or for the account of the Issuer or the Borrower shall be excluded and shall not be deemed Outstanding for the purpose of consent or other action or any calculation of Outstanding Bonds provided for in this Article, unless all of the Bonds are owned or held by or for the account of the Issuer or the Borrower. In the event that not all of the Bonds are owned or held by or for the account of the Issuer or the Borrower, then neither the Issuer nor the Borrower, as the case may be, shall be entitled with respect to such Bonds to give any consent or take any other action provided for in this Article. At the time of any consent or other action under this Article, in the event that any Bonds (but not all of the Bonds) are then owned by or for the account of the Issuer, the Issuer shall furnish to the Trustee an Officer’s Certificate, upon which the Trustee may rely, describing all Bonds so to be excluded. The Trustee shall be obligated to exclude as aforesaid only such Bonds as are shown by the Bond Register or are otherwise known by the Trustee to be so owned or held.
Exclusion of Bonds. Bonds owned or held by or for the account of the Issuer, the Administrator or NEF or any of their affiliates shall not be deemed Outstanding for the purpose of consent or other action or any calculation of Outstanding Bonds provided for in this Article, and the Issuer, the Administrator and NEF and any of their affiliates shall not be entitled with respect to such Bonds to give any consent or take any other action provided for in this Article. At the time of any consent or other action taken under this Article, the Issuer shall furnish the Trustee with a Certificate of an Authorized Officer, upon which the Trustee may rely, describing all Bonds so to be excluded.
Exclusion of Bonds. At the time of any consent or other action taken under this Article, Article VIII, Article IX or Article XII of this Trust Agreement, the District shall furnish the Trustee a certificate signed by a District Representative, upon which the Trustee may rely, describing all Bonds to be excluded, consistent with the definition of “Outstanding” in Section 101 of this Trust Agreement.
Exclusion of Bonds. Bonds owned or held by or for the account of the Systemborrower shall not be deemed Outstanding for the purpose of any consent or other action or any calculation of Outstanding Bonds for which provision is made in this Article, and the SystemBorrower as holder of such Bonds shall not be entitled to consent or take any other action for which provision is made in this Article. At the time of any consent or other action taken under this Article, the SystemBorrower shall furnish the Bond Trustee a certificate of a Boardan Authorized Representative of the Borrower, upon which the Bond Trustee may rely, describing all Bonds so to be excluded.
Exclusion of Bonds. Bonds owned or held by or for the account of SANDAG shall not be deemed Outstanding and shall be excluded for the purpose of any calculation required by this Article. At the time of any consent or other action taken under this Article, SANDAG shall furnish the Trustee a certificate of an Authorized Officer, upon which the Trustee may rely, identifying all Bonds so to be excluded.