1998-10-19 Resolution 130 - Laserfiche WebLink

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• exclusive benefit of the holders from time to time of the Prior Bonds and are to be used by the Escrow Trustee, as trustee for such bondholders, only as set forth in this Agreement. Section 16. Permitted Acts. The Escrow Trustee and its affiliates may become the owner of or may deal in the Prior Bonds as fully and with the same rights as if it were not the Escrow Trustee. Section 17. ,_ ,Unclaimed Monevs. Upon termination hereof in accordance with Section 18 hereof, any moneys then held by the Escrow Trustee under the terms hereof shall be transferred and applied in accordance with Section 8 hereof. Section 18. Term. This Agreement shall commence upon its execution and delivery and shall terminate when the Prior Bonds have been paid and discharged in accordance with the provision of the resolution and the Prior Trust Indenture and all duties and obligations of the • Escrow Trustee pursuant to this Agreement have been fulfilled and satisfied, and any remaining moneys, together with any increment thereto and interest earned thereon in the Escrow Fund have been transferred by the Escrow Trustee to the 1998 Sinking Fund in accordance with Section 8 hereof. If any Prior Bonds are not presented for payment, the Escrow Trustee shall retain funds for that purpose in accordance with the provisions therefor contained in the Prior Trust Agreement and in accordance with Indiana law. Section 19. Agreement Binding. All the covenants, promises and agreements in this Agreement contained by or on behalf of the Authority or by or on behalf of the Escrow Trustee shall bind and inure to the benefit of their respective successors and assigns, whether so expressed or not. • ::ODMA\PCDOCS\SBDOCS 1\24205\2 -14'