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83000621
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Last modified
11/18/2008 12:54:50 AM
Creation date
11/18/2008 12:53:48 AM
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DEEDS
Inst Number
83000621
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<br />_........--r.-..8 <br />83-- ~.: <br />Bonds. Trustee shall be under no responsibility wi~il~ ~ard <br />to the accuracy of said list. At reasonable times and under <br />reasonable regulations established by Trustee, said list may <br />be inspected and copied by Company or by holders or owners <br />(or a designated representative thereof} of fifteen percent <br />(15%} or more in principal .amount of Outstanding Bonds, such <br />possession or ownership and the authority of such designated <br />representative to be evidenced to the satisfaction of Trustee. <br />Section 4.07. Rights Under Agreement. The Agreement, a <br />duly executed counterpart of which has been filed with Trus- <br />tee, sets forth the covenants and obligations of Issuer and <br />Company, including provisions that subsequent to the issuance <br />of Bonds and prior to their payment in full or provision for <br />payment thereof in accordance with the provisions hereof the <br />Agreement may not be effectively amended, changed, modified, <br />altered or terminated without the written consent of Trustee, <br />and reference is hereby made to the Agreement for a detailed <br />statement of said covenants and obligations of Company there- --- <br />under, and Issuer agrees that Trustee in its name or in the <br />name of Issuer may enforce all rights of Issuer and all <br />obligations of Company under and pursuant to the Agreement <br />for and on behalf of the Bondholders, whether or not Issuer <br />is in Default hereunder. <br />Section 4.08. Designation of Trustee as Bond Registrar <br />and Paying Agent and Designation o£ any Additional Paying <br />A ants. Trustee is hereby designated and agrees to aet as <br />Bond Registrar and Paying Agent for and in respect to the <br />Bonds. Issuer hereby covenants and agrees to cause the <br />necessary arrangements to be made through Trustee and to be <br />thereafter continued for the designation of any additional <br />Paying Agents as may be approved by Company and for the <br />making available of funds hereunder for the payment of such <br />of the Bonds as shall be presented when due at the principal <br />office of said additional Paying Agents. <br />ARTICLE V <br />REVENUES AND :UNDS <br />Section 5.01. Source of Payment of Bands. The Bonds <br />herein authorized and all payments by Issuer hereunder are <br />not general obligations of Issuer but are limited obligations <br />payable solely from rents and other amounts derived from the <br />Project and the Agreement and as authorized by the Act and <br />provided herein. <br />The Project has been leased under the Agreement, and the <br />rental payments provided in Section 5.2(a} of the Agreement <br />-22- <br />u <br /> <br />
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