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1983
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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
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83000621
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<br />83-- ~Gt~~~:'. <br />All moneys deposited with Trustee for the payment of <br />principal- of; premium, if any, or interest on any Bonds are <br />presumed.-abandoned unless, within saver years after they <br />become payable or distributable, the Registered Owner has <br />increased or decreased the principal, accepted payment of <br />principal or income, corresponded in writing concerning the <br />property, or otherwise indicated an interest as evidenced by <br />a memorandum on file with the Trustee. In such event, Trus- <br />tee shall pay such money on deposit to the Company and Issuer <br />and Trustee shall be relieved of all liability, to the extent <br />of .the value of such moneys, for any claim which exists or <br />may arise with respect to such moneys. <br />Section 5.10. Moneys to be Heid in Trust. All moneys <br />required to be deposited with or paid to Trustee for the <br />account of any fund referred to in any provision of this <br />Indenture or the Agreement shall be held by Trustee in trust, <br />and except for moneys deposited with or paid to Trustee for <br />the redemption of Bonds, notice of the redemption of which <br />has been duly given, shall, while held by Trustee, constitute <br />part of the Trust Estate and be subject to the lien or secu- <br />rity interest created hereby. <br />Section 5.11. Repayment to Company from Bond Fund or <br />Construction Fund. Any amounts remaining in the Bond Fund or <br />Construction Fund after payment in full o£ the principal of <br />and premium, if any, and interest on the Bonds, the fees, <br />charges and expenses of Trustee and all other amounts <br />required to. be paid hereunder shall be paid immediately to <br />Company. <br />Section 5.12. Custody of Separate Trust Fund. Trustee <br />is authorized and directed to hold all Net Proceeds from any <br />insurance proceeds or condemnation awards and disburse such <br />proceeds in accordance with Article VI of the Agreement. If <br />Company directs that any portion of such Net Proceeds be <br />applied to redeem Bonds, Issuer covenants and agrees to take <br />and cause to be taken the necessary steps to redeem in <br />inverse order of maturities an the next succeeding redemption <br />date the amount of Bonds so speci*'ied by Company. <br />ARTICLE VI <br />INVESTMENT OF MONEYS <br />Any moneys held as part of the Bond Fund, the Construc- <br />tion Fund or any other fund shall be invested and reinvested <br />by Trustee in accordance with the provisions of Section 4.7 <br />of the Agreement. Any such investments shall be held by or <br />under the control of Trustee. Trustee shall sell and reduce <br />-25- <br /> <br /> u <br />t...... <br />
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