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200403825 redemption funds have been deposited with the Trustee to pay the Bonds, the Bonds thus called shall not bear interest after such redemption date and, except for the purpose of payment, shall no longer be protected by this Indenture and shall not be deemed to be outstanding under the provisions of this Indenture. not be reissued. Section 4. All Bonds which have been redeemed shall be cancelled by the Trustee and shall ARTICLE IV GENERAL COVENANTS Section 1. The Corporation covenants that it will promptly pay the principal of and interest on every Bond issued under this Indenture at the place, on the dates and in the manner provided herein and in said Bonds according to the true intent and meaning hereof. Such principal and interest are payable solely from revenues in the Bond Fund derived from the basic payments payable under the Contract. The Corporation covenants that it will take all steps necessary to enforce its rights as Vendor and secure the observance of all of the College's obligations as Purchaser under the Contract. The Corporation further covenants to perform faithfully at all times any and all covenants, undertakings, stipulations and provisions contained in this Indenture, and that the Corporation will do, execute, acknowledge and deliver or cause to be done, executed, acknowledged and delivered such indentures supplemental hereto and such further acts, instruments and transfers as the Trustee may reasonably require for the better assuring, transferring, pledging, assigning and confirming unto the Trustee the property herein described and the revenues, income and all other property pledged hereby to the payment of the principal of and interest on the Bonds. Section 2. The Trustee agrees that, so long as any Bonds issued hereunder and secured by this Indenture shall be outstanding and unpaid, it will keep proper books of record and account in which full, true and correct entries will be made of all dealings or transactions of and in relation to the Project and the revenues, income and all other property derived therefrom. The Trustee agrees to furnish to the College and the Corporation an accounting annually, and at such other times as either may reasonably request, pertaining to the dealings and transactions of the Trustee in relation to the Project. All books and records of the Trustee relating to the Project and the revenues therefrom shall at all times be open to inspection by representatives of the College and the Corporation and registered owners of the Bonds. Section 3. The Contract sets forth the covenants and obligations of the Corporation and the College and reference is hereby made to the same for detailed statement of the respective obligations. The Corporation agrees that the Trustee in its name or in the name of the Corporation may enforce all rights of the Vendor and all obligations of the Purchaser under and pursuant to the Contract for and on behalf of the bondholders whether or not the Corporation is in default in its covenants to enforce such rights and obligations. Section 4. The Corporation covenants that, so long as any of the Bonds are outstanding, it will not issue additional bonds under this Indenture, except as permitted in Article II of this Indenture. The Corporation may incur additional indebtedness payable from sources other than payments due under the Contract and the funds and other property pledged by this Indenture but only with the consent of the College. 15