82002566 - Laserfiche WebLink

Browse

I 82- t~t,~5~~~ Section 10.02. fees, Charges and Exner_ses o£ Trustee. Trustee and. any ?aging agents sha11 be entitled to payment `and reimbursement for reasonable fees for its services Yendered hereunder and al advances, counsel fees ar_d other expenses reasonably and necessarily made or i_^_curred by Trustee in connection with such sersines. Upon an Event. of I3efault, but-only .upon an Event o_` Default, Trustee: sha11 have-a £ist Lien with right of payment prior to payment or. account of principal of and premium,. if ar_y, and interest on .any Bond. upon the Trust Estate'fcr the foregoing fees; charges and expenses incurred by Trustee. Seeton 10.03: Notice to Bondholders _ Defaul~ Occurs. ?f.a Default occurs of which Trustee pas been notified as provided- in Section 10.01 ('r_) hereof, o:r of whi c_: by said subsection it is deemed-to have notice; then'-Trustee shall promptly gimme wri:aer.-notice thereof by registered or certified mail to the owr_er of each Bond<shown by :the list of Bondholders required by the erms of Section ~.06,hereof to be kept at .the principal corporate trust o±~ice of Trustee. Sectior__10.0'4. 2nter•~entior_ by Trustee. Sn any judicial proceeding which in the opinion of'Trustee and its. counsel has a substantial bearing on the interest of owners of the Bonds, Tru tee may interene on perialf of Bonaholders 'and sfia11 do'-so if requested in writing by tine owners of at least twenty-five 'percent (25%') of the aggregate principal amount. of Outstanding 3onds. Section 10. C5. Successor Trustee. Ar_y corporatior. c_ .association into `which Trustee may be converted or merged,Ycr with which it may.-be consolidated, or to which`it may se11 or ransfer its-trust business and :assets as a wr_oie or'sub- stantially as a whore,"or arp corporatior_ or association rresultng from anv such conversion, sale; merger, consal- illation or transFer to which it is a panty, sha'_1 be ar_d become successor Trustee hereunder and vested with all of the title to t:~e Trust Estatz anc-ali the trusts, powers, discre- tons immunities, privileges and all other matters as was its predecessor, :without the execiaion or filing of any 'instrument or any.. further act, deed_or conveyance on-the part of any(af the.. parties hereto, anything herein to tiie contrzry notwithstanding. Section 10.06. Besgnatior..bv Trustee. Trustee anC any successor Trustee may at any time resigr_ £rom the trusts. hereby created by' giving ti:~rty (30) days' writter_ notice b'v registered or-certified mail to issuer, to Compar_y and to tre owner of each Bc:-id as shcwz: by the list of Bond'iolders- required by Section x.06 hereof to be kept by Trustee, and -39-