Laserfiche WebLink
--__ <br />the manner, provided hereih and in said. Bonds, but solely from: <br />the rents and other amounts pledged therefor which-are from <br />time ,to time held by Trustee in the Bond Fund:. The principal <br />of and premium„ if any, and interest on the Bonds> are payable <br />solely from rents and other amounts derived frcm the lease of <br />the Project and otherwise as pzovded herein 'and: in the <br />Agreement, which rents and other amounts are: hereby spec- <br />fically pledged-to the payment thereof. in the manner and to <br />the extent hereirrspecfied--, and .nothing. in the 3onns or in <br />this-.indenture shall... be construed as pledging any other'. funds <br />or assets of Issuer. 'Neither the State nor, Issuer nor any <br />political subdivision of the State. shall in_any event be <br />liable for. the payment of the principal of, ,premium, if any, <br />or interest.. on-any of the fonds or for the performance of any <br />.pledge, obligation or agreement undertaken by Issi:er except <br />to the extent. that rents and .moneys pledged herein are suffi- <br />cient therefor. <br />°-THE BONDS SHALL BE LIMITED OBLIGATIONS OF THE': ISSUER. <br />THE BONDS SHALL NOT CONSTITUTE NOR GIVE RISE TO A PECUNSARY <br />LIABILITY OF THE,ZSSUER OR A CHARGE AGAINST THE ISSUER'S` <br />GENERAL .CREDIT OR_TAXING.POWERS. <br />Section 4.02-. Pezformance of Covenants; Issuer. Issuer <br />covenants that it will-faithfully perform at all times any <br />and-all covenants`, undertakings, stipulations and pravisors <br />Contained in this Indenture°and in the_Agreement, in any and <br />every Bond executed, authenticated and. delivered hereunder <br />and in all of its proceedings: pertaining hersto. Issuer. <br />covenants that it, is duly authorized under the Constitution <br />and laws of the :State, including particular y andwithout' <br />limitation the .Act, to issue the Bonds ..=uthorized hereby and <br />o execute this.:Indenture, to assign the;Agreement and to <br />pledge the Agreement rentals and other amounts: hereby pledged <br />in the mannez and to .the extent herein set forth, that all <br />.action on ..its part for .the issuance of the Bonds and the.' <br />execution and delivery of this Indenture has been duly and <br />effectivelytaken,. and_thatthe Bonds in the hands-of the <br />holders and 'owners thereof are and will oe valid and. enforce- <br />able obligations of Issuer according-to the terms thereof and <br />hezeof. <br />Section 4.03. Instruments of Further Assurance. Issuer. <br />covenants .that it will .acquire and_own the Project, and any <br />.property becoming a part of the Project shall be acquired and <br />keQtfree pf all Liens and encumbrances except Permitted <br />Encumbrances. Issuer will grovide'such verifications ahd <br />opinions as to the lien status of the Project as the Trustee <br />may require. Issuer will join with Company in defending .the <br />title to and-interest'in the Project and each"part thereof to <br />-19- <br />__._J <br /> <br />