Common use of Protection of Security and Rights of Owners Clause in Contracts

Protection of Security and Rights of Owners. The Successor Agency will preserve and protect the security of the Bonds and the rights of the Owners. From and after the Closing Date, the Bonds shall be incontestable by the Successor Agency.

Appears in 1 contract

Sources: Indenture of Trust

Protection of Security and Rights of Owners. The Successor Agency will preserve and protect the security of the Bonds and the rights of the Owners. From and after the Closing DateDate with respect to the 2019 Bonds, the 2019 Bonds shall be incontestable by the Successor Agency.

Appears in 1 contract

Sources: Bond Purchase Agreement