Enabling Laws definition
Examples of Enabling Laws in a sentence
Except as provided in the Bond Enabling Laws and the Related Documents, there is no limitation under California law on the rate of interest payable by the Department with respect to the Advances, the Revolving Loans, the Term Loans, the Bank Notes or any other obligations payable to the Bank hereunder or under any Related Document.
Notify the Bank as soon as possible of any amendments or modifications to the Bond Enabling Laws, the Resolution or any other legislation of which the Department has actual knowledge which may materially adversely impact upon the Revenues or the Department’s ability to perform its obligations under this Agreement or the other Related Documents.
As continuing security for the payment and discharge of the Secured Liabilities, the Pledgor grants, under the Enabling Laws, to the Pledgee a first priority Pledge on all the Secured Assets until the Secured Liabilities have been duly and irrevocably discharged in full in accordance with, and subject to, the terms set forth in the Programme.