Common use of Validity of Bonds Clause in Contracts

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.

Appears in 3 contracts

Sources: Indenture of Trust, Indenture of Trust, Indenture of Trust

Validity of Bonds. The validity of the authorization and issuance of the Bonds is not dependent on and shall not be affected in any way by any proceedings taken by the Authority Issuer or the City Trustee with respect to or in connection with the application of the proceeds of the Bonds, and the Loan Agreement. The recital contained in the Bonds that the same are issued pursuant to the Bond Law Act and the Constitution and laws of the State of Texas shall be conclusive evidence of their validity and of compliance with the regularity provisions of law in their issuance.

Appears in 3 contracts

Sources: Bond Indenture (SemGroup Corp), Bond Indenture (SemGroup Corp), Bond Indenture (SemGroup Corp)

Validity of Bonds. The validity of the authorization and issuance of the Bonds is not dependent on and shall not be affected in any way by any proceedings taken by the Authority or the City Trustee with respect to or in connection with the application of the proceeds of the Bonds, and the Loan Agreement. The recital contained in the Bonds that the same are issued pursuant to the Bond Law Act and the Constitution and laws of the State shall be conclusive evidence of their validity and of compliance with the regularity provisions of law in their issuance.

Appears in 3 contracts

Sources: Indenture, Indenture, Indenture

Validity of Bonds. The validity of the authorization and issuance of the Bonds is not dependent upon, and shall not be affected in any way by by, any proceedings taken by the Authority or the City Trustee with respect to to, or in connection with, the application of the proceeds of the Bonds, and the Loan Agreement. The recital contained in the Bonds that the same are issued pursuant to the Bond Law Act and the Constitution and laws of the Commonwealth shall be conclusive evidence of their validity and of the regularity compliance with all provisions of law in their issuance.

Appears in 2 contracts

Sources: Loan Agreement (Gateway Trade Center Inc.), Loan Agreement (Gateway Trade Center Inc.)

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.

Appears in 2 contracts

Sources: Indenture, Indenture

Validity of Bonds. The validity of the authorization and issuance of the Bonds is not dependent on and shall not be affected in any way by any proceedings taken by the Authority or the City Trustee with respect to or in connection with the application of the proceeds of the Bonds, and the Lease. The recital contained in the Bonds that the same are issued pursuant to the Bond Law Constitution and laws of the State shall be conclusive evidence of their validity and of compliance with the regularity provisions of law in their issuance.

Appears in 2 contracts

Sources: Master Indenture, Indenture

Validity of Bonds. The validity of the authorization and issuance of the Bonds is not dependent on and shall not be affected in any way by any proceedings taken by the Authority or the City Bond Trustee with respect to or in connection with the application of the proceeds of the Bonds, and the Loan Agreement. The recital contained in the Bonds that the same are issued pursuant to the Bond Law Act and the Constitution and laws of the State shall be conclusive evidence of their validity and of compliance with the regularity provisions of law in their issuance.

Appears in 1 contract

Sources: Indenture

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 Agency for the financing or refinancing of the City Project, or by any contracts made by the Agency in connection therewith, and shall not be dependent upon the completion of the financing or refinancing of the Project or upon the performance by any person of his obligation with respect to the application of the proceeds of the BondsProject, 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.

Appears in 1 contract

Sources: Indenture

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 BondsBond proceeds, and the recital contained in the Bonds that the same are issued issued‌ pursuant to the Bond Law Act shall be conclusive evidence of their validity and of the regularity of their issuance.

Appears in 1 contract

Sources: Indenture

Validity of Bonds. The validity of the authorization and issuance of the Bonds is not dependent on and shall not be affected in any way by any proceedings taken by the Authority or the City Trustee with respect to or in connection with the application of the proceeds of the Bonds, and the Agreement. The recital contained in the Bonds that the same are issued pursuant to the Bond Law Act and the Constitution and laws of the State shall be conclusive evidence of their validity and of compliance with the regularity provisions of law in their issuance.

Appears in 1 contract

Sources: Indenture (SJW Corp)

Validity of Bonds. The validity of the authorization and issuance of the Bonds is not dependent on and shall not be affected in any way by any proceedings taken by the Authority or the City Trustee with respect to or in connection with the application of the proceeds of the Bonds, and the Installment Sale Agreement. The recital contained in the Bonds that the same are issued pursuant to the Bond Law Constitution and laws of the State shall be conclusive evidence of their validity and of compliance with the regularity provisions of law in their issuance.

Appears in 1 contract

Sources: Indenture

Validity of Bonds. The validity of the authorization and issuance of the Bonds is not dependent on and shall not be affected in any way by any proceedings taken by the Authority Authority, the City or the City Trustee with respect to or in connection with the application of the proceeds of the Bonds, and the Installment Purchase Agreement. The recital contained in the Bonds that the same are issued pursuant to the Bond Law Constitution and laws of the State shall be conclusive evidence of their the validity and of compliance with the regularity provisions of law in their issuance.

Appears in 1 contract

Sources: Indenture of Trust

Validity of Bonds. The validity of the authorization and issuance of the Bonds shall not be affected in any way by of any proceedings taken by the Authority or the City District with respect to the application of the proceeds of the sale of the District 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.

Appears in 1 contract

Sources: Commitment Agreement and Purchase Contract

Validity of Bonds. The validity of the authorization and issuance of the Bonds is not dependent on and shall not be affected in any way by any proceedings taken by the Authority Agency or the City Trustee with respect to or in connection with the application of the proceeds of the Bonds, and the Lease Agreement. The recital contained in the Bonds that the same are issued pursuant to the Bond Law Constitution and laws of the State shall be conclusive evidence of their validity and of compliance with the regularity provisions of law in their issuanceissu- ance.

Appears in 1 contract

Sources: Indenture of Trust

Validity of Bonds. The validity of the authorization and issuance of the Bonds is not dependent on and shall not be affected in any way by any proceedings taken by the Authority or the City Trustee with respect to or in connection with the application of the proceeds of the Bonds, and the Agreement. The recital contained in the Bonds that the same are issued pursuant to the Bond Law Act and laws of the State shall be conclusive evidence of their validity and of compliance with the regularity provisions of law in their issuance.

Appears in 1 contract

Sources: Loan Agreement (Navistar International Corp)

Validity of Bonds. The validity of the authorization and issuance of the Bonds is not dependent on and shall not be affected in any way by any proceedings taken by the Authority Board or the City Trustee with respect to or in connection with the application of the proceeds of the Bonds, and the Agreement. The recital contained in the Bonds that the same are issued pursuant to the Bond Law Act and the Constitution and laws of the State shall be conclusive evidence of their validity and of the regularity compliance with all provisions of law in their issuance.

Appears in 1 contract

Sources: Trust Indenture (Central Sprinkler Corp)

Validity of Bonds. The validity of the authorization and issuance of the Bonds is not dependent on and shall not be affected in any way by any proceedings taken by the Authority or the City Trustee with respect to or in connection with the application of the proceeds of the Bonds, and the Loan Agreement. The recital contained in the Bonds that the same are issued pursuant to the Bond Law Act and the Constitution and laws of the State shall be conclusive evidence of their validity and of the regularity compliance with all provisions of law in their issuance.

Appears in 1 contract

Sources: Loan Agreement (Lannett Co Inc)

Validity of Bonds. The validity of the authorization and issuance of the Bonds is not dependent on and shall not be affected in any way by any proceedings taken by the Authority or the City Trustee with respect to or in connection with the application of the proceeds of the Bonds, and the Loan Agreement. The recital contained in the Bonds that the same are issued pursuant to the Bond Law Act and the Constitution and laws of the Commonwealth shall be conclusive evidence of their validity and of the regularity compliance with all provisions of law in their issuance.

Appears in 1 contract

Sources: Loan Agreement (Gateway Trade Center Inc.)

Validity of Bonds. The validity of the authorization and issuance of the Bonds is not dependent on and shall not be affected in any way by any proceedings taken by the Authority or the City Trustee with respect to or in connection with the application of the proceeds of the Bonds, and the Agreement. The recital contained in the Bonds that the same are issued pursuant to the Bond Law Act and the Constitution and laws of the Commonwealth shall be conclusive evidence of their validity and of the regularity compliance with all provisions of law in their issuance.

Appears in 1 contract

Sources: Trust Indenture (Nutrition Management Services Co/Pa)