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<br />99
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<br />(ii) The fact of ownership of Bonds shall be proved by the Register
<br />maintained by the Trustee.
<br />Nothing contained herein shall be construed to limit the Trustee to the foregoing proof, and
<br />the Trustee may accept any other evidence of the matters stated therein which it deems to be
<br />sufficient. Any writing, including without limitation, any consent, request, direction, approval,
<br />objection or other instrument or document, of the Holder of any Bond shall bind every further
<br />Holder of the same Bond, with respect to anything done or suffered to be done by the Issuer, the
<br />Trustee, the Bank, the Confirming Bank, if any, the Borrower or the Remarketing Agent pursuant
<br />to that writing.
<br />Section 13.07. Priority of this Indenture.This Indenture shall be superior to any liens which
<br />may be placed upon the Revenues or any other funds or accounts created pursuant to this Indenture.
<br />
<br />Section 13.08. Extent of Covenants; No Personal Liability.All covenants, stipulations,
<br />obligations and agreements of the Issuer contained in this Indenture are and shall be deemed to be
<br />covenants, obligations and agreements of the Issuer to the full extent authorized by the Act and
<br />permitted by the Constitution of the State; provided, that the liability of the Issuer hereunder and
<br />under the Bonds and the Agreement shall be limited to its interest in the Revenues pledged
<br />hereunder. No covenant, stipulation, obligation or agreement of any incorporator, member,
<br />director, trustee, officer, agent, attorney or employee, past, present, or future, of the Issuer (or any
<br />predecessor or successor entity) under the Bonds, this Indenture, the Agreement or any amendment
<br />or supplement hereto or thereto shall be enforceable against such person in anything other than
<br />that person’s official capacity. Neither the incorporators, members, directors, trustees, officers,
<br />agents, attorneys nor employees of the Issuer executing the Bonds, this Indenture, the Agreement
<br />or any amendment or supplement hereto or thereto shall be liable personally on the Bonds or
<br />subject to any personal liability or accountability by reason of the issuance or execution hereof or
<br />thereof.
<br />
<br />No recourse shall be had for the payment of the principal or purchase price of, or premium,
<br />if any, or interest on, the Bonds, or for any claim based thereon, against any incorporator, member,
<br />director, trustee, officer, agent, attorney or employee, past, present or future, of the Issuer, or
<br />against any incorporator, member, director, trustee, officer, agent, attorney or employee, past,
<br />present or future, of any predecessor or successor entity, as such, either directly or through the
<br />Issuer or any such predecessor or successor entity, whether by virtue of any constitution, statute
<br />or rule of law or by the enforcement of any assessment or penalty or otherwise. All such liability,
<br />whether at common law, in equity, by any constitution or statute or otherwise, of incorporators,
<br />members, directors, trustees, officers, agents, attorneys or employees, as such, is released as a
<br />condition of and consideration for the execution of this Indenture and the issuance of the Bonds.
<br />Section 13.09. Rating Categories.Except as otherwise expressly provided herein, any
<br />reference herein to a rating category established by a Rating Service shall mean such category
<br />without regard to any modification thereof by the addition of a plus or minus sign or a number
<br />indicating relative standing within such category.
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