Agenda - 06-24-1986 - Laserfiche WebLink

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unliquidated investments made with money theretofore deposited in the Project Fund, except for amounts to be retained in the Project Fund for any Cost of Acquisition of the Project not then due and payable as provided in Section 4 . 3, shall be applied to the prepayment of installments of principal of the Bond in the inverse order of maturities in accordance with the terms of the Bond Purchase Agreement. Section 4 . 5 . Company Required to Pay in the Event the Project Fund is Insufficient. In the event the moneys in the Project Fund should not be sufficient to pay the total cost of the Project in full, the Company agrees to complete the Project and to pay that portion of such cost in excess of the moneys available therefor in the Project Fund. THE AUTHORITY MAKES NO WARRANTY, EITHER EXPRESS OR IMPLIED, THAT THE MONEYS PAID INTO THE PROJECT FUND AND AVAILABLE FOR PAYMENT OF THE COST OF ACQUISITION OF THE PROJECT WILL BE SUFFICIENT TO PAY THE TOTAL COST OF ACQUISITION OF THE PROJECT. The Company agrees that if , after exhaustion of the moneys in the Project Fund, the Company should pay any portion of the total cost of the Project pursuant to the provisions of this Section, it shall not be entitled to any reimbursement therefor from the Authority or the Holder and it shall not be entitled to any abatement or diminution of the payments required to be made by the Company pursuant to the Note . Section 4.6. No Third Party Beneficiary. It is specif- ically agreed between the parties executing this Agreement that it is not intended by any of the provisions of any part of this Agreement to establish in favor of the public or any member thereof, other than as expressly provided herein or as contem- plated in the Assignment, the rights of a third party beneficiary hereunder, or to authorize anyone not a party to this Agreement to maintain a suit for personal injuries or property damage pursuant to the terms or provisions of this Agreement. The duties, obligations and responsibilities of the parties to this Agreement with respect to third parties shall remain as imposed by law. 15 .