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