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delivery, transfer or exchange of Bonds, receipt of notices • pursuant to Section 501, purchase of tendered Bonds and payment of Bonds by the Tender Agent pursuant to this Section shall be deemed to be the authentication, delivery, transfer or exchange of Bonds, receipt of such notices, purchase of tendered Bonds and payment of Bonds by the Trustee. Such Tender Agent shall at all times be a commercial bank with trust .powers or trust company organized under the laws of the United States of America or one of the States thereof, and shall at all times be an institution organized and doing business under the laws of the United States or of any state authorized under such laws to exercise corporate trust powers, subject to supervision or examination by federal or state authorities (a) with a combined capital and surplus of at least $50,000,000 or (b) affiliated with and indemnified by the Trustee. If such institution publishes reports of condition at least annually pursuant to law or the requirements of such authorities, then for the purposes of this Section the combined capital and surplus of such institution shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. The appointment of a Tender Agent under this Section shall be effective upon acceptance by the Tender Agent and shall continue until the Trustee making such appointment shall rescind such appointment or until the effective date of the resignation or removal of such Trustee pursuant to Section 1010 or 1011 hereof. The Tender Agent may act through an agent constituting a commercial bank with trust powers or trust company. • If at any time on or prior to the final Conversion Date applicable to all of the Bonds there is no Tender Agent, all references herein to the Tender Agent shall be deemed to refer to the Trustee. The Tender Agent shall be entitled to the same rights and shall be subject to the same obligations hereunder as the Trustee, and shall enjoy the same protective provisions in the performance of its duties hereunder as are specified in Section 1001 hereof with respect to the Trustee insofar as such provisions may be applicable. I• The Trustee shall make such arrangements with the Tender Agent, in addition to those made as provided herein, as are necessary to be made and to be thereafter continued whereby funds from the sources specified herein will be made available to pay when due the principal and redemption price of, and interest on, Bonds bearing interest at a Weekly Rate or an Adjustable Long Rate . Section 1018. Remarketing Agent. The Authority shall appoint a Remarketing Agent for the Bonds, and initially appoints First Chicago Capital Markets, Inc. as Remarketing Agent. The appointment of a different Remarketing Agent may be approved by the Authority and approved by the Credit Facility Issuer, which approvals. shall not be unreasonably withheld. The Remarketing Agent shall designate its Principal Office to the Trustee, the Authority, the Tender Agent and the Credit Facility Issuer and signify its acceptance of the duties and obligations imposed upon 96