82002566 - Laserfiche WebLink

Browse

~. _. --- `, premium, if any,. and interest on- she Bonds> when due. Issuer covenants and certifies toandfor the benefit of the pur= chasers and holders of the Behds frcm t:ime'to time. Out- standing that o long.-as any'o£ the Bonds remain Outstanding, moneys. on deposit in any. fund or account in connection with the °Bonds, whether or not 'such moneys- were derived from the proceeds of .the sale of the. Bonds or from any other sources, will-not be used in a mannerwhich will cause the Bonds to be classifed'as arbitrage bor_ds within the-meaning of Section 103(c)(2) of the Code.. Pursuant to such covenant, issuer obligates itself to comely throughout the term of the issue of the Bonds with the reouixements of Section 103(c) of the Code, and'any regulations promulgated thereunder. ARTICLE VZ'I SUBORDINATSON" TO RiG$TS OE COMP.%~~I'~ Section 7.O Subordination to Rights of Company. This Indenture. and the xghts and privileges hereunder of Trustee 'and the holders of the Bonds are =pecificaliy made subject `and subordinate to the-rights and privilege§ of Company set forth-in the Agreement. Trustee agrees-that it shall execute. and deliver any instr~unent necessary`or appropriate at ary 'time'tc confirm, evidence or enable Company to enjoy such' rights and pri=~ileges, including wi~hout limitation those. referred'to in 9ectioh_7.Oi hereof.. -Section 7.02. Grant^.g of Rights in and to Project. Reference is made to the previsions of the`Agreement, inc tiding without lmtation'Sections 7:6 and 7.7 't;ereof, whereby Issuer-and Company, have reserved he right to grant rights in.and to certain portions'o_` the: Project ahd to release certain.. ands from the Project loon cnmplarce with the terms 'and conditions of he `P_greemeht. Section 7.03. Release of Eauipmer_t Forming-a Part of Project. Reference is made to Section 5.4 of the°Agreement;_ 'whereby Company. may :withdraw certain items `of the Project Building forming a part of'the Proiect uponsubstitution of other property in conformity with the terms and conditions of the Agreement. ARTICLE VZiI DI SC"rIARGE OE _ LIEN If ..Issuer shall pay or cause to be ^ad, or there shall be otherwise paid or provisions for payment made., to or'=or the. isolders and owners of the Bonds the` principal `off .and -25- L.~ L