Common use of Extent of Covenants of the Issuer; No Personal Liability Clause in Contracts

Extent of Covenants of the Issuer; No Personal Liability. All covenants, obligations and agreements of the Issuer contained in this Agreement or the Indenture shall be effective to the extent authorized and permitted by applicable law. No such covenant, obligation or agreement shall be deemed to be a covenant, obligation or agreement of any present or future member, officer, agent or employee of the Issuer or the Issuing Authority in other than his official capacity, and neither the members of the Issuing Authority nor any official executing the Series 2001 Bonds shall be liable personally on the Series 2001 Bonds or be subject to any personal liability or accountability by reason of the issuance thereof or by reason of the covenants, obligations or agreements of the Issuer contained in this Agreement or in the Indenture.

Extent of Covenants of the Issuer; No Personal Liability. All covenants, obligations and agreements of the Issuer contained in this Series 1989D Agreement or the Indenture shall be effective to the extent authorized and permitted by applicable law. No such covenant, obligation or agreement shall be deemed to be a covenant, obligation or agreement of any present or future member, officer, agent or employee of the Issuer or the Issuing Legislative Authority in other than his official capacity, and neither the members of the Issuing Legislative Authority nor any official executing the Series 2001 Bonds shall be liable personally on the Series 2001 Bonds or be subject to any personal liability liabiLity or accountability by reason of the issuance thereof or by reason of the covenants, obligations or agreements of the Issuer contained in this Series 1989D Agreement or in the Indenture.