1. MIDA Bond Sisters of Presentation
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1. MIDA Bond Sisters of Presentation
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<br />SECTION 11.06. REOlllRED ApPROVALS. Consents and approvals required by this Loan <br />Agreement to be obtained from the Corporation. the Issuer or the Lender shall be in writing and shall <br />not be unreasonably withheld or delayed. <br /> <br />SECTION 11.07. LIMITATION ON ISSllER LIABILITY. No agreements or provISiOns <br />contained in this Loan Agreement nor any agreement. covenant or undertaking by the Issuer <br />contained in any document executed by the Issuer in connection with the Facilities shall give rise <br />to any pecuniary liability ofthe Issuer or a charge against its general credit or taxing powers, or shall <br />obligate the Issuer financially in any \vay except with respect to the Facilities and the application <br />of revenue therefrom and the proceeds of the Bonds. No failure of the Issuer to comply with any <br />term. condition, covenant or agreement herein shall subject the Issuer to liability for any claim for <br />damages. costs or other financial or pecuniary charge except to the extent that the same can be paid <br />or recovered from the Facilities or revenues therefrom or proceeds of the Bonds; and no execution <br />of any claim, demand. cause of action or judgment shall be levied upon or collected from the general <br />credit, general funds or taxing powers of the Issuer. Nothing herein shall preclude a proper party <br />in interest from seeking and obtaining specific performance against the Issuer for any failure to <br />comply with any term, condition, covenant or agreement herein; provided, that no costs, expenses <br />or other monetary relief shall be recoverable from the Issuer except as may be payable from the <br />Facilities or its revenues. <br /> <br />SECTION 11.08. SllRVlVORSHlP OF OBLIGATIONS. All obligations of the Corporation <br />under Sections 7.03, 7.07 and 9.04 shall survive payment of the Bonds or earlier termination of this <br />I,oan Agreement. <br /> <br />(Remainder (?(this page inte11liona/(v left blank.) <br /> <br />11-2 <br /> <br />_._w............---- ~ <br />
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