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<br />according to the tenor hereof and thereof, and the .faithful
<br />performance of all the covenants and agreements contained in said
<br />. Bonds and in this Agreement, and in performance of the authority
<br />of every kind and nature which said Authority has or may have,.
<br />has executed and delivered this Agreement and has pledged and
<br />assigned and by these presents does hereby pledge and assign unto
<br />First Interstate Bank of Northern Indiana, N.A., as Trustee and
<br />to its successors in said trust and to its assigns, the Lease (as
<br />hereinafter defined) and the Pledged Funds (as hereinafter
<br />defined) subject to the .provisions of this Agreement requiring or
<br />' permitting the application thereof for the purposes and on the
<br />terms set forth in this Agreement.
<br />The pledge herein made is and shall be subject to the
<br />provisions of this Agreement for the equal and proportionate
<br />benefit, security and protection of all holders of the Bonds
<br />issued or to be issued under and secured by this Agreement,
<br />without preference, priority or distinction as to lien or
<br />otherwise by reason of the date of maturity thereof, or for any
<br />other reason whatsoever, subject to the provisions of this
<br />Agreement.
<br />PROVIDED, HOWEVER, that if the Authority, its successors
<br />or its assigns, shall well and truly pay, or cause to be paid,
<br />the principal of the Bonds and the premium, if any, and the
<br />interest due or to become due thereon, at the times and in the
<br />manner as set forth in said Bonds in accordance with the terms
<br />hereof, and shall well and truly keep, perform and observe all
<br />covenants and conditions pursuant to the terms of this Agreement
<br />to be kept.., performed and observed by the Authority, and shall
<br />pay to the Trustee all sums of money due, or to become due to it,
<br />in accordance with the terms and provisions hereof, then this
<br />Agreement and the rights hereby granted shall cease, determine
<br />and be void, but otherwise, this Agreement shall remain in full.
<br />force and effect.
<br />All Bonds issued and secured hereunder are to be issued,
<br />authenticated and delivered, and all property hereby pledged is
<br />to be dealt with and disposed of under, upon and subject to the
<br />terms, conditions, stipulations, covenants, agreements, trusts,
<br />uses and purposes as hereinafter expressed; and the Authority has
<br />agreed and covenanted, and does hereby agree and covenant, with
<br />the Trustee and with the respective owners, from time to time, of
<br />the said Bonds or any part thereof, as follows:
<br />ARTICLE I.
<br />Definitions
<br />Sec. 1.01. The terms defined in this Article I shall,
<br />for all purposes of this Agreement, and any agreement
<br />supplemental hereto, have the meanings herein specified, unless
<br />the context otherwise requires:
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