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Common use of Project not Security for Bonds Clause in Contracts

Project not Security for Bonds. It is expressly recognized by the parties hereto that neither the Project nor any other property of the Corporation will constitute any part of the security for the Bonds.

Appears in 2 contracts

Sources: Participation Agreement (Ch Energy Group Inc), Participation Agreement (Ch Energy Group Inc)

Related Clauses

  • BENEFITS OF MORTGAGE LOAN PURCHASE AGREEMENT
  • Subcustodians and Securities Depositories
  • Domestic Subcustodians and Securities Depositories
  • Registration and Safekeeping of Deposited Securities
  • Indenture and Securities Solely Corporate Obligations

Parent Clauses

  • NOTE AND PAYMENTS
  • REPRESENTATIONS AND WARRANTIES BY THE AUTHORITY
  • DISPOSITION OF AMOUNTS AFTER PAYMENT OF BONDS
  • First Mortgage Bonds and Payments
  • COMPANY NOTE AND PAYMENTS; LETTER OF CREDIT
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