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<br />All moneys and securities from time to time held by the Trustee under the terms of this
<br />Indenture (except moneys or Qualified Investments deposited with the Trustee pursuant to Section
<br />10.1 hereof and except moneys held in the Rebate Fund);
<br />TO HAVE AND TO HOLD the same unto the Trustee, and its successor or successors and
<br />its or their assigns forever;
<br />IN TRUST, NEVERTHELESS, upon the terms and trusts herein set forth, to secure the
<br />payment of the Bonds to be issued hereunder and the interest payable thereon, and to secure also
<br />the observance and performance of all the terms, provisions, covenants and conditions of this
<br />Indenture, and for the equal and ratable benefit and security of all registered owners of all Bonds
<br />issued or to be issued hereunder, without preference, priority or distinction as to lien or otherwise,
<br />except as otherwise hereinafter provided, of any one Bond or as between principal and interest,
<br />and it is hereby mutually covenanted and agreed that the terms and conditions upon which the
<br />Bonds are to be issued, authenticated, delivered, secured and accepted by all persons who shall
<br />from time to time be or become the holders thereof;
<br />PROVIDED, HOWEVER, notwithstanding the foregoing, until all Affidavits of
<br />Completion (as hereinafter defined) are filed with respect to the Project, or any portion thereof,
<br />financed with the proceeds of a particular series of Additional Bonds, the Trust Estate with respect
<br />to such series of Additional Bonds shall consist of only (i) the proceeds of such series of Additional
<br />Bonds which are deposited into the accounts of the Funds established at the time such series of
<br />Additional Bonds are issued, and (ii) any other funds specifically pledged to such series of
<br />Additional Bonds in the supplemental indenture executed and delivered at the time such series of
<br />Additional Bonds are issued.
<br />PROVIDED FURTHER, HOWEVER, that if the Issuer, its successors or assigns, shall
<br />well and truly pay, or cause to be paid, the principal of the Bonds and the interest and premium, if
<br />any, due or to become due thereon, at the times and in the manner as set forth in said Bonds in
<br />accordance with the terms hereof, and shall well and truly keep, perform and observe all covenants
<br />and conditions pursuant to the terms of this Indenture to be kept, performed and observed by the
<br />Issuer, and shall pay to the Trustee all sums of money due, or to become due to it, in accordance
<br />with the terms and provisions hereof, then this Indenture and the rights hereby granted shall cease,
<br />determine and be void, and the Trustee, in such case, on demand of the Issuer, upon the payment
<br />by the Issuer to the Trustee of its reasonable fees, costs and expenses, shall execute and deliver to
<br />the Issuer such discharges or satisfactions as shall be requisite to discharge the lien hereof and to
<br />reconvey to or to revest in the Issuer the property hereby conveyed; otherwise, this Indenture to
<br />be and remain in full force and effect.
<br />All Bonds issued and secured hereunder are to be issued, authenticated and delivered, and
<br />all property hereby pledged is to be dealt with and disposed of under, upon and subject to the terms,
<br />conditions, stipulations, covenants, agreements, trusts, uses and purposes as hereinafter expressed;
<br />and the Issuer has agreed and covenanted, and does hereby agree and covenant, with the Trustee
<br />and with the respective registered owners, from time to time, of the Bonds or any part thereof, as
<br />follows:
<br />(End of Granting Clauses)
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