81006050 - Laserfiche WebLink

Browse

aa4 8~~° 13~~~c~'3~s use its best efforts to enter into new leases or other agreements for the use of the Project, substantially similar in their `~rms and provisions to those of the Lease, in order to procure the maximum possible amount of revenue; provided, however, that any such new lease or other agreement may provide for the payment of rents or charges less than the rents and charges prevailing under the Lease unless the Trustee shall in writing file objections thereto as being contrary to the best interest of the Bondholders. Section 503. Bond Fund. A special fund is hereby created and designated The County of Hall, Nebraska Industrial Development Revenue Bonds (H & H Partnership Project) Bond Fund (the "Bond Fund"). The moneys in the Bond Fund shall be held by the Trustee in trust and applied as herein provided and, pending such application, shall be subject to a lien and charge in favor of the holders of the Bonds issued and outstanding under this Indenture and for the further security of such holders until paid out or transferred as herein provided. The Issuer covenants that it will cause to be paid by the %t3m'paa'1y directly to Lhe Trustee, for deposit to the credit of the Bond Fund, all accrued interest received upon sale of the Bonds, and all payments of Basic Rent payable by the Company to the Issuer under the Lease, including sums sufficient to meet the Amortization Requirements in the years and in the amounts, respectively, set forth in this Indenture. The. Issuer further covenants that it will deposit or cause to be deposited with the Trustee to the credit of the Bond Fund, as received, all other moneys, such as moneys transferred frera the Construction Fund pursuant. to Section 407 of this Indenture, and proceeds of insurance, condemnation awards, sales of property and other moneys that shall be available for payment of the Bonds. ThP Issuer covenants that in ttxe event of termination of the Lease, all net revenues and net proceeds derived by the Tssuer from the leasing of the Project to other lessees or from its ownership thereof, will be transmitted, as received, to the Trustee for deposit to the credit of the Bond Fund. Section 504. A Iication of A3one s in Bond Fund. Moneys in the Bond Fund she a use so e y or a payment of the interest on the Bonds and for the retirement of the Bonds at or prior to maturity. The Bond Fund shall be in the custody of the Trustee but in the name of the Issuer, and the Issuer hereby authorizes and directs the Trustee to withdraw sufficient funds from the Bond Fund to pay the Bonds and interest 44 _._J