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81006050
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Last modified
1/14/2010 11:27:18 PM
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1/14/2010 11:25:20 PM
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DEEDS
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81006050
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aA4 <br /> <br />ARTICLE VII. <br />Particular Covenants <br />Section 701. Issuer's Covenants to Perform A regiments. <br />The issuer covenants that it will aithfully perform at all <br />times all of its covenants, undertakings and agreements <br />contained in this Indenture, or in any Bond executed, <br />authenticated and delivered hereunder or in any proceedings <br />of the Issuer pertaining thereto. The Issuer represents and <br />covenants that it is duly authorized under the Constitution <br />and laws of the State of Nebraska including particularly and <br />without limitation the Act, to issue the Bonds au%`±arized <br />hereby and to enter into this Indenture and the Lease and to <br />pledge the Revenue and other moneys and to mortgage the <br />Project, in the manner and to the extent herein set forth; <br />that all action on its part for the issuance of the Bonds <br />initially issued hereunder and the execution and delivery of <br />this Indenture has been duly and effectively taken; and that <br />the Bonds, in the hands of the ciolders and owners thereof., <br />and this Indenture, the Contract and the Lease are and will <br />be valid and enforceable special revenue obligations of the <br />Issuer according t0 their terms. <br />Section 702. <br />covenants that it will promptly pay the principal of and the <br />interest on every Bond issued under the provisions of this <br />Indenture at the places, on the dates and in the manner <br />provided herein and in said Bonds, and any premium required <br />for the retirement of said Bonds by purchase or redemption, <br />according to the true intent and meaning thereof. Except as <br />in this indenture otherwise provided, said principal, <br />interest and premium are payable solely from the Revenue and <br />other moneys, including rents, charges, proceeds and other <br />income derived by the Issuer from its ownership or leasing <br />of the Project, which Revenue and other moneys are hereby <br />pledged to the payment thereof in the manner and to the <br />extent hereinabove particularly specified, and nothing in <br />the Bands or in this Indenture shall be construed as <br />oblic~atinq the Issuer to pay the Bands or tt~e interest <br />thereon except from such moneys or as pledging the faith and <br />credit of the Issuer or of the State or of any political <br />s~;,bdivision thereof, or as obligating the Issuer, the State <br />or any political subdivision thereof directly or indirectly <br />or contingently, to levy or to pledge any form of taxation <br />whatever therefor, or as constituting the Bonds a debt, <br />liability or obligation of the Issuer, the State or any <br />political subdivision thereof except a special obligation of <br />the Issuer as herein provided. <br />Section 703. Transfer and Assi ent of Warrant Ri ht <br />nterest to the Company: T e Issuer covenants at i <br />to t"'~ie extent^ possible) transfer and assign to the <br />51 <br /> <br /> <br />i <br />!.. <br />
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