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<br />Borrower full information and advice as to the observance or performance of those covenants,
<br />agreements and obligations. Except as otherwise provided in Section 7.04 hereof, the Trustee shall
<br />have no obligation to observe or perform any of the duties of the Issuer under the Agreement.
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<br />(c) The Trustee shall not be accountable for the application by the Borrower
<br />or any other Person of the proceeds of any Bonds authenticated or delivered hereunder.
<br />(d) The Trustee shall be protected, in the absence of bad faith on its part, in
<br />acting upon any notice, request, consent, certificate, order, affidavit, letter, telegram or
<br />other paper or document reasonably believed by it to be genuine and correct and to have
<br />been signed or sent by the proper Person or Persons. Any action taken by the Trustee
<br />pursuant to this Indenture, upon the request or authority or consent of any Person who is
<br />the Holder of any Bonds at the time of making the request or giving the authority or
<br />consent, shall be conclusive and binding upon all future Holders of the same Bond and of
<br />Bonds issued in exchange therefor or in place thereof.
<br />(e) As to the existence or nonexistence of any fact for which the Issuer, the
<br />Borrower, the Bank or the Confirming Bank, if any, may be responsible or as to the
<br />sufficiency or validity of any instrument, document, report, paper or proceeding, the
<br />Trustee, in the absence of bad faith on its part, shall be entitled to rely upon a certificate
<br />signed on behalf of the Issuer, the Bank, the Confirming Bank, if any, or the Borrower by
<br />an authorized officer or representative thereof as sufficient evidence of the facts recited
<br />therein. Prior to the occurrence of a default or Event of Default hereunder of which the
<br />Trustee has been notified, as provided in paragraph (f) of this Section, or of which by that
<br />paragraph the Trustee is deemed to have notice, the Trustee may accept a similar certificate
<br />to the effect that any particular dealing, transaction or action is necessary or expedient;
<br />provided, that the Trustee in its discretion may require and obtain any further evidence
<br />which it deems to be necessary or advisable; and, provided further, that the Trustee shall
<br />not be bound to secure any further evidence. The Trustee may accept a certificate of the
<br />officer or an assistant thereto, having charge of the appropriate records, to the effect that
<br />legislation has been enacted or adopted by the Issuer in the form recited in that certificate,
<br />as conclusive evidence that the legislation has been duly enacted or adopted and is in full
<br />force and effect.
<br />(f) The Trustee shall not be required to take notice, and shall not be deemed
<br />to have notice, of any default or Event of Default hereunder, except Events of Default
<br />described in paragraphs (a), (b), (c), (g) and (j) of Section 7.01 hereof, unless the Trustee
<br />shall be notified specifically of the default or Event of Default in a written instrument or
<br />document delivered to it by the Issuer, the Bank, the Confirming Bank, if any, or by the
<br />Holders of at least ten percent (10%) of the aggregate principal amount of the Bonds then
<br />outstanding. In the absence of delivery of a notice satisfying those requirements, the
<br />Trustee may assume conclusively that there is no default or Event of Default, except as
<br />noted above.
<br />(g) At any reasonable time, the Trustee and its duly authorized agents,
<br />attorneys, experts, engineers, accountants and representatives (i) may inspect and copy
<br />fully all books, papers and records of the Issuer pertaining to the Project, the Letter of
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