Validity of Bonds Sample Clauses
The 'Validity of Bonds' clause defines the conditions under which bonds issued or provided in connection with a contract are considered legally effective and enforceable. Typically, this clause outlines requirements such as proper execution, compliance with relevant laws, and maintenance of the bond throughout the contract period. For example, it may specify that a performance bond must remain valid until all contractual obligations are fulfilled. The core function of this clause is to ensure that the security provided by bonds is reliable and enforceable, thereby protecting the interests of the parties involved in the event of default or non-performance.
Validity of Bonds. The validity of the authorization and issuance of the Bonds shall not be affected in any way by any proceedings taken by the Authority or the City with respect to the application of the proceeds of the Bonds, and the recital contained in the Bonds that the same are issued pursuant to the Bond Law shall be conclusive evidence of their validity and of the regularity of their issuance.
Validity of Bonds. The validity of the authorization and issuance of the Bonds shall not be dependent upon the completion of the Redevelopment Project or upon the performance by any person of its obligation with respect to the Redevelopment Project.
Validity of Bonds. The recital contained in the Bonds that the same are regularly issued pursuant to the Law and that the total amount of indebtedness of the District, including the amount of the Bonds, is within the limit provided by law, shall be conclusive evidence of their validity and of compliance with the provisions of the Law in their issuance.
Validity of Bonds the Subscription Bonds have been duly authorised by the Issuer and, when duly executed, authenticated, issued and delivered in accordance with the other Contracts, the Subscription Bonds will constitute valid and legally binding obligations of the Issuer;
Validity of Bonds. The recital contained in the 2014 Series A Bonds that the same are issued pursuant to the Act and pursuant hereto shall be conclusive evidence of their validity and of the regularity of their issuance, and all 2014 Series A Bonds shall be incontestable from and after their issuance. MISCELLANEOUS PROVISIONS
Validity of Bonds. The recital contained in the Bonds that the same are issued pursuant to the Refunding Law and pursuant hereto shall be conclusive evidence of their validity and of the regularity of their issuance, and all Bonds shall be incontestable from and after their issuance. The Bonds shall be deemed to be issued, within the meaning hereof, upon delivery of the definitive Bonds (or any temporary Bonds exchangeable therefor) and the proceeds of sale thereof received.
Validity of Bonds. 26 Section 3.03. Disposition of Proceeds of the Bonds and Other Amounts...
Validity of Bonds. The validity of the authorization and issuance of the Bonds shall not be affected in any way by any proceedings taken by the City for the original financing or refinancing of the project, or by any contracts made by the City in connection therewith, and the recital contained in the Bonds that the same are issued pursuant to the Act shall be conclusive evidence of their validity and of the regularity of their issuance.
Validity of Bonds on the Closing Date the Bonds will have been duly authorised by the Issuer and, when duly executed, authenticated, issued and delivered in accordance with the Trust Deed and this Agreement, will constitute valid, legally binding and enforceable obligations of the Issuer except as such enforceability may be subject to the Reservations;
Validity of Bonds. The validity of the authorization and issuance of the Bonds shall not be dependent upon the completion of public improvements or upon the performance by any person of such person’s obligation with respect to the public improvements.