Obligations of the Authority definition
Examples of Obligations of the Authority in a sentence
Without prejudice to the survival of any other agreement of the Authority hereunder, the agreements and obligations of the Authority contained in this Section shall survive the termination of this Agreement and the payment in full of the Bank Note and the Obligations of the Authority thereunder and hereunder.
In order to induce the Purchasers to enter into the Note Purchase Agreement and to purchase the Notes from the Authority, the Authority has agreed that it will cause each Guarantor to guarantee the Obligations of the Authority under the terms of the Notes and the Note Purchase Agreement pursuant to the terms and provisions hereof.
Obligations of the Authority The Authority shall, at its own cost and expense undertake, comply with and perform all its obligations set out in this Agreement or arising hereunder.
Without prejudice to the survival of any other agreement of the Authority hereunder, the agreements and obligations of the Authority contained in this Section 3.05 shall survive the termination of this Agreement and the payment in full of the Series 2023[●] Bonds and the Obligations of the Authority thereunder and hereunder.
Obligations of the Authority hereunder shall not be subject to any setoff, counterclaim or defense resulting from any breach or any alleged breach by the Township or by the 2022 Paying Agent of any obligation to the Authority, whether said obligation arises under this Subsidy Agreement or from any other transaction between the Authority and the Township or the 2022 Paying Agent, regardless of the nature of such transaction.
Upon the payment in full of all Obligations of the Authority under this Indenture and the Notes, or upon Covenant Defeasance or Legal Defeasance, the Trustee will, at the request of the Authority, deliver a certificate to the Trustee stating that such Obligations have been paid in full, and to release the Liens pursuant to this Indenture and the Collateral Documents.
The Authority will take, upon request of the Trustee, any and all actions reasonably required to cause the Collateral Documents to create and maintain, as security for the Obligations of the Authority hereunder, a valid and enforceable perfected first priority Lien in and on all the Collateral, in favor of the Trustee for the benefit of the Holders of Notes, superior to and prior to the rights of all third Persons and subject to no other Liens than Permitted Liens.
Without prejudice to the survival of any other agreement of the Authority hereunder, the agreements and obligations of the Authority contained in this Section shall survive the termination of this Agreement and the payment in full of the Notes and the Obligations of the Authority thereunder and hereunder.
The withdrawal of a Member shall not affect the existence of the Authority nor the effectiveness of any Obligations of the Authority.
Obligations of the Authority The Authority shall, at its own cost and expense undertakes, comply with and perform all its obligations set out in this Agreement or arising hereunder.