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12-13-2021 FINAL Packet
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12-13-2021 FINAL Packet
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<br />50 <br />ARTICLE X <br />MISCELLANEOUS <br />Section 10.1 Satisfaction and Discharge. All rights and obligations of the Issuer under <br />this Indenture shall terminate, and such instruments shall cease to be of further effect, and the <br />Trustee shall execute and deliver all appropriate instruments evidencing and acknowledging the <br />satisfaction of this Indenture, and shall assign and deliver to the Issuer any moneys and investments <br />held in any Funds under this Indenture when: <br />(a) all fees and expenses of the Trustee shall have been paid; <br />(b) the Issuer shall have performed all of its covenants and promises in this Indenture; <br />and <br />(c) all Bonds theretofore authenticated and delivered (i) have become due and payable, <br />or (ii) are to be retired or called for redemption under arrangements satisfactory to the Trustee for <br />the giving of notice of redemption by the Trustee at the expense of the Issuer, or (iii) have been <br />delivered to the Trustee canceled or for cancellation; and, in the case of (i) and (ii) above, there <br />shall have been deposited with the Trustee either cash in an amount which shall be sufficient, or <br />Government Obligations, the principal of and the interest on which when due will provide moneys <br />which, together with the moneys, if any, deposited with the Trustee, shall be sufficient to pay when <br />due the principal or redemption price, if applicable, and interest due and to become due on the <br />Bonds and prior to the redemption date or maturity date thereof, as the case may be. <br />Section 10.2 Defeasance of Bonds. Any Bond shall be deemed to be paid and no longer <br />Outstanding within the meaning of this Article and for all purposes of this Indenture when (a) <br />payment of the principal and interest of and premium, if any, on such Bond either (i) shall have <br />been made or caused to be made in accordance with the terms thereof, or (ii) shall have been <br />provided for by irrevocably depositing with the Trustee in trust and irrevocably set aside <br />exclusively for such payment, (1) cash sufficient to make such payment, (2) Governmental <br />Obligations, maturing as to principal and interest in such amounts and at such times as will insure <br />the availability of sufficient moneys to make such payment, or (3) a combination of cash and such <br />Governmental Obligations, and (b) all necessary and proper fees, compensation, indemnities and <br />expenses of the Trustee and the Issuer pertaining to the Bonds with respect to which such deposit <br />is made shall have been paid or the payment thereof provided for. At such time as a Bond shall be <br />deemed to be paid hereunder, as aforesaid, such Bond shall no longer be secured by or entitled to <br />the benefits of this Indenture, except for the purposes of any such payment from such moneys or <br />Governmental Obligations. <br />Notwithstanding the foregoing, no deposit under clause (a)(ii) of the immediately <br />preceding paragraph shall be deemed payment of such Bonds as aforesaid until (a) proper notice <br />of redemption of such Bonds shall have been previously given in accordance with Section 5.3 of <br />this Indenture, or if the Bonds are not by their terms subject to redemption within the next <br />succeeding sixty (60) days, until the Issuer shall have given the Trustee in form satisfactory to the <br />Trustee irrevocable instructions to notify, as soon as practicable, the Owners of the Bonds, that the <br />deposit required by the preceding paragraph has been made with the Trustee and that the Bonds <br />are deemed to have been paid in accordance with this Section 10.2 and stating the maturity or <br />redemption date upon which moneys are to be available for the payment of the principal of and
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