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personal property of every name and nature from time to time hereafter by delivery or by writing
<br /> of any kind pledged, assigned or transferred, as and for additional security hereunder by the
<br /> Issuer or by anyone on its behalf, or with its written consent, to the Trustee, which is hereby
<br /> authorized to receive any and all such property at any and all times and to hold and apply the
<br /> same subject to the terms of the Indenture, and (iv) the Agreement and the Note, excepting from
<br /> the foregoing the Unassigned Issuer's Rights (the foregoing collectively referred to as the "Trust
<br /> Estate"),
<br /> TO HAVE AND TO HOLD unto the Trustee and its successors in that trust and its and
<br /> their assigns forever;
<br /> BUT IN TRUST, NEVERTHELESS, and subject to the provisions hereof,
<br /> (a) except as provided otherwise herein, for the equal and proportionate benefit,
<br /> security and protection of all present and future Holders of the Bonds issued or to be issued
<br /> under and secured by this Indenture,
<br /> (b) for the enforcement of the payment of the principal of and interest on the Bonds,
<br /> when payable, according to the true intent and meaning thereof and of this Indenture, and
<br /> (c) to secure the performance and observance of and compliance with the covenants,
<br /> agreements, obligations,terms and conditions of this Indenture, in each case, without preference,
<br /> priority or distinction, as to lien or otherwise, of any one Bond over any other by reason of
<br /> designation, number, date of the Bonds or of authorization, issuance, sale, execution,
<br /> authentication, delivery or maturity thereof, or otherwise, so that each Bond and all Bonds shall
<br /> have the same right, lien and privilege under this Indenture and shall be secured equally and
<br /> ratably hereby; provided, however, that
<br /> (i) if the principal of the Bonds and the interest due or to become due thereon
<br /> shall be well and truly paid, at the times and in the manner to which reference is made in
<br /> the Bonds, according to the true intent and meaning thereof, or the outstanding Bonds
<br /> shall have been paid and discharged in accordance with Article IX hereof, and
<br /> (ii) if all of the covenants, agreements, obligations, terms and conditions of
<br /> the Issuer under this Indenture shall have been kept, performed and observed and there
<br /> shall have been paid to the Trustee, the Registrar, the Paying Agents and the
<br /> Authenticating Agents all sums of money due or to become due to them in accordance
<br /> with the terms and provisions hereof, this Indenture and the rights assigned hereby shall
<br /> cease, determine and be void, except as provided in Section 9.03 hereof with respect to
<br /> the survival of certain provisions hereof; otherwise, this Indenture shall be and remain in
<br /> full force and effect.
<br /> It is declared that all Bonds issued hereunder and secured hereby are to be issued,
<br /> authenticated and delivered, and that all Pledged Revenues assigned hereby are to be dealt with
<br /> and disposed of under, upon and subject to, the terms, conditions, stipulations, covenants,
<br /> agreements, obligations, trusts, uses and purposes provided in this Indenture. The Issuer has
<br /> agreed and covenanted, and agrees and covenants with the Trustee and with each and all Holders,
<br /> as follows:
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