 | Board of Visitors minutes February 9, 2007 |  |
Section 11.1 Effect of Covenants.
All covenants, stipulations, obligations and agreements of the University and the Board contained in this Resolution shall be deemed to be covenants, stipulations, obligations and agreements of the University and the Board to the full extent authorized by the Act or permitted by the Constitution of Virginia. All such covenants, stipulations, obligations and agreements shall be binding upon the successor or successors thereof from time to time and upon any officer, board, body or commission to whom or to which any power or duty affecting such covenants, stipulations, obligations and agreements shall be transferred by or in accordance with law.
No covenant, stipulation, obligation or agreement herein contained shall be deemed to be a covenant, stipulation, obligation or agreement of any present or future director, member, agent or employee of the University or the Board in his or her individual capacity, and neither any agency of the Commonwealth nor any officer thereof or of the University, present or future, executing the Notes shall be liable personally on the Notes or be subject to any personal liability or accountability by reason of the issuance thereof.
| Board of Visitors minutes February 9, 2007 | |