Unconditional Obligation to Pay. The Wholesale Customer shall be obligated to pay, each month, the payments required by this Agreement, without offset or counterclaim. This covenant shall be for the benefit of the holders of the Authority’s bonds, secured in whole or in part from the revenues of the System, and shall be in effect only if as and when any such bonds are outstanding.
Appears in 3 contracts
Sources: Water Supply Contract, Water Supply Contract, Water Supply Contract