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2008_0225_packet
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2008_0225_packet
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167 the Note and giving effect to or carrying out the provisions of this Agreement and documents <br />168 under which the Note are issued and/or secured. <br />169 9. The Note shall be a special, limited obligation of Falcon Heights, payable solely <br />170 from proceeds, revenues and other amounts pledged thereto and more fully described in the Loan <br />171 Agreement executed in connection with the Project. In no event shall the Note ever be payable <br />172 from or charged upon the general credit, taxing powers or any funds of any of the Cities; the <br />173 Cities are not subject to any liability thereon; no owner of the Note shall ever have the right to <br />174 compel the exercise of the taxing power of any of the Cities to pay any of the Note or the interest <br />175 thereon nor to enforce payment thereof against any property of any of the Cities; the Note shall <br />176 not constitute a charge, lien or encumbrance, legal or equitable, upon any property of any of the <br />177 Cities; and the Note does not constitute an indebtedness of any of the Cities within the meaning <br />178 of any constitutional,, statutory,, or charter limitation. <br />179 10. This Agreement shall terminate upon the retirement or defeasance of the Note, <br />180 and this Agreement may not be terminated in advance of such retirement or defeasance. <br />213 446v 7 <br />
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