Common use of Exclusion of Bonds Clause in Contracts

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 City shall not be deemed Outstanding for the purpose of consent or other action or any calculation of Outstanding Bonds provided for in this ArticleArticle or Section 6.7, 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 ArticleArticle or Section 6.7. At the time of any consent or other action taken under this ArticleArticle or Section 6.7, the City shall furnish the Trustee with a Certificate of Authorized Representative of the City, upon which the Trustee may rely, describing all Bonds so to be excluded.. 42

Exclusion of Bonds. Bonds owned or held 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 ArticleArticle or Section 6.7, 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 ArticleArticle or Section 6.7. At the time of any consent or other action taken under this ArticleArticle or Section 6.7, the City shall furnish the Trustee with a Certificate of Authorized Representative of the City, 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 City shall not be deemed Outstanding Bonds for the purpose of any consent or other action or any calculation of Outstanding Bonds provided for in this Article, and the City as Owner of such Bonds 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 an Officer’s Certificate upon which the Trustee may rely, describing all Bonds so to be excluded.