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<br />request, shall take or cause to be taken all actions necessary to satisfy any such requirements.
<br />Promptly after any filing, registration, recording, refiling, reregistration or rerecording of any such
<br />agreement or instrument, the Trustee may request at the Borrower’s expense an opinion of counsel
<br />on behalf of the Issuer and the Trustee to the effect that such filing, registration, recording, refiling,
<br />reregistration or rerecording has been duly accomplished and setting forth the particulars thereof.
<br />The Trustee shall be reimbursed by the Borrower for the reasonable fees paid in connection with
<br />such opinions of counsel.
<br />(d) Inspection of Books. All books, instruments and documents in the
<br />Issuer’s possession relating to the Project and the Revenues shall be open to inspection and
<br />copying (at the expense of the Person making such copies) at all times during the Issuer’s
<br />regular business hours by any accountants or other agents of the Trustee, the Borrower, the
<br />Bank or the Confirming Bank, if any, which the Trustee, the Borrower, the Bank or the
<br />Confirming Bank, if any, may designate from time to time.
<br />(e) Register. At reasonable times and under reasonable regulations
<br />established by the Trustee, the Register may be inspected and copied (at the expense of the
<br />Person making such copies) by the Borrower, the Bank, the Confirming Bank, if any, the
<br />Trustee, Holders of twenty-five percent (25%) or more in aggregate principal amount of
<br />the Bonds then outstanding or a designated representative thereof.
<br />(f) Rights and Enforcement of the Agreement. The Trustee may enforce,
<br />in its name or in the name of the Issuer, all rights for and on behalf of the Holders, except
<br />for Unassigned Issuer’s Rights, and may enforce all covenants, agreements and obligations
<br />of the Borrower under and pursuant to the Agreement, regardless of whether the Issuer is
<br />in default in the pursuit or enforcement of those rights, covenants, agreements or
<br />obligations. The Issuer, however, will do all things and take all actions on its part necessary
<br />to comply with covenants, agreements, obligations, duties and responsibilities on its part
<br />to be observed or performed under the Agreement, and will take all actions within its
<br />authority to keep the Agreement in effect in accordance with the terms thereof.
<br />(g) Federal Tax Exemption. The Issuer covenants that it (i) will take, or
<br />require to be taken, all actions that may be required of the Issuer for the interest on the
<br />Project Bonds to be and remain excluded from gross income for federal income tax
<br />purposes and (ii) will not take or authorize to be taken any actions that would adversely
<br />affect that exclusion under the provisions of the Code.
<br />Section 10.02. Observance and Performance of Covenants, Agreements, Authority and
<br />Actions.The Issuer will observe and perform faithfully at all times all covenants, agreements,
<br />authority, actions, undertakings, stipulations and provisions to be observed or performed on its
<br />part under the Agreement, the Indenture, the Bond Ordinance and the Bonds which are executed,
<br />authenticated and delivered under this Indenture, and under all proceedings of the Issuer pertaining
<br />thereto. The Issuer represents and warrants that:
<br />
<br />(a) It is duly authorized by the laws of the State, particularly and without
<br />limitation the Act, to issue the Project Bonds, to execute and deliver this Indenture, the
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