Agenda - 03-02-2006-8bCC - Laserfiche WebLink

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11.1. County's Assignments. The County will not sell or assign any interest in this Contract urithout the Company's prior uTritten consent. 11.2. Company's Assignment. The Company uTill assign substantially all of its rights under this Contract, including rights to receive and enforce Contract Payments (but excluding the Company's rights to indemnification and payment of costs and its rights to receive notices} to the Trustee pursuant to the Trust Agreement, without recourse against the Company. The County consents to such assignment, and agrees to accept performance, direction and any other action by the Trustee to the same extent provided in this Contract for the action of the Corporation, and to render performance to the Trustee to the same extent provided in this Contract for performance to the Corporation (in each case, except with respect to the Corporation's reserved rights}. Notice of any further assignment must be provided to the County. The County uTill keep a complete and accurate record of all assignments. After the giving of an~J such notice, the County will thereafter make all payments in accordance with the notice to the assignee named therein and will, if so requested, acknowledge such assignment in writing, but such acknowledgment uTill in no ~vay be deemed necessary to make the assignment effective. ARTICLE XII COUNTY' S LIMITED OBLIGATION Notwithstanding any other provision of this Contract, the parties intend that this transaction comply with North Carolina General Statutes Section 160A-20. No deficiency judgment may be entered against the County in violation of such Section 16()A-2t). No provision of this Contract will be construed or interpreted as creating a pledge of the County's faith and credit uTithin the meaning of any constitutional debt limitation. No provision of this Contract uTill be construed or interpreted as an illegal delegation of governmental powers or as an improper donation or lending of the County's credit uTithin the meaning of the North Carolina constitution. The County's taxing pourer is not and may not be pledged directly or indirectly or contingently to sec~.~re any moneys due under this Contract. No provision of this Contract will be construed to pledge or to create a lien on any class or source of the County's moneys (other than the funds and accounts 93361v2 23