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(c) Recordings and Filings. At the expense of the Borrower, the Issuer will cause the
<br /> Indenture, and any related instruments or documents relating to the assignment made by it under the
<br /> Indenture to secure the Bonds, to be recorded and filed in the manner and in the places which may be
<br /> required by law in order to preserve and protect fully the security of the Holders and the rights of the
<br /> Trustee under the Indenture.
<br /> (d) Inspection of Project Books. All books, instruments and documents in the Issuer's
<br /> possession relating to the Project and the Pledged Revenues to the extent they are public under applicable
<br /> Public Records laws, will be open to inspection and copying at all times during the Issuer's regular
<br /> business hours by any accountants or other agents of the Trustee which the Trustee may designate from
<br /> time to time.
<br /> (e) Register. At reasonable times and under reasonable regulations established by the
<br /> Registrar,the Register may be inspected and copied(at the expense of the person making such copies)by
<br /> the Borrower,the Trustee,by Holders of 25%or more in principal amount of the Bonds then outstanding,
<br /> or a designated representative thereof.
<br /> (f) Rights and Enforcement of the Loan Agreement. The Trustee may enforce, in its name
<br /> or in the name of the Issuer, all rights of the Issuer for and on behalf of the Holders, except for
<br /> Unassigned Issuer's Rights, and may enforce all covenants, agreements and obligations of the Borrower
<br /> under and pursuant to the Loan Agreement, regardless of whether the Issuer is in default in the pursuit or
<br /> enforcement of those rights, covenants,agreements or obligations. The Issuer,however,will do all things
<br /> and take all actions on its part necessary to the extent of its legal authority and control, to comply with
<br /> covenants, agreements, obligations, duties and responsibilities on its part to be observed or performed
<br /> under the Loan Agreement, and will take all actions within its authority to keep the Loan Agreement in
<br /> effect in accordance with the terms thereof.
<br /> "Unassigned Issuer's Rights"means all of the rights of the Issuer to receive Additional Payments
<br /> under the Loan Agreement, to be held harmless and indemnified under the Loan Agreement, and as
<br /> provided in the other Bond Documents, to be an insured under the Loan Agreement, to determine if
<br /> satisfactory arrangements for Additional Payments as required under the Loan Agreement have been
<br /> made, to be reimbursed for attorney's fees and expenses resulting from the enforcement of its remedies
<br /> upon an Event of Default under the Loan Agreement,to receive notices pursuant the Loan Agreement, to
<br /> give or withhold consent to amendments, changes, modifications, alterations and termination of the Loan
<br /> Agreement, and to enforce its remedies under the Loan Agreement and the other Bond Documents.
<br /> (g) Issuer Not to Adversely Affect Exclusion from Gross Income of Interest on Bonds. The
<br /> Issuer covenants that it (i) will take, or require to be taken, all actions that may be required of the Issuer
<br /> for the interest on the Bonds to be and remain excluded from the gross income for federal income tax
<br /> purposes, and (ii) will not take or require to be taken any actions that to Issuer's knowledge would
<br /> adversely affect that exclusion under the provisions of the Code.
<br /> Observance and Performance of Covenants,Agreements, Authority and Actions
<br /> The Issuer will observe and perform at all times all covenants, agreements, authority, actions,
<br /> undertakings, stipulations and provisions to be observed or performed on its part under the Loan
<br /> Agreement, the Indenture, the Bond Resolution, the Regulatory Agreement and the Bonds that are
<br /> executed, authenticated and delivered under the Indenture, and under all proceedings of its Board
<br /> pertaining thereto.
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