Nevada Revised Statutes 279.660 – Issuance of bonds: Effects of breach of covenants; events of default; waiver
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An agency may:
Terms Used In Nevada Revised Statutes 279.660
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
1. Covenant as to the rights, liabilities, powers and duties arising upon the breach by it of any covenant, condition or obligation.
2. Covenant and prescribe as to events of default and terms and conditions upon which any or all of its bonds or obligations become or may be declared due before maturity, and as to the terms and conditions upon which such declaration and its consequences may be waived.