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1994-06-21 Minutes
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1994-06-21 Minutes
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• <br />• <br />I• <br />become null and void, and thereupon the Trustee shall, upon Written <br />Request of the Authority, and upon receipt by the Trustee of a <br />Certificate of an Authorized Officer and an opinion of Independent <br />Counsel, each stating that in the opinion of the signers all <br />conditions precedent to the satisfaction and discharge of this <br />Indenture have been complied with, forthwith execute proper <br />instruments acknowledging satisfaction of and discharging this <br />Indenture and the lien hereof. In the event all amounts are paid <br />other than amounts owed to the Credit Facility Issuer, the Trustee <br />shall assign, transfer and turn over to the Credit Facility Issuer <br />(to the extent of the amount, if any, certified in writing by the <br />Credit Facility Issuer to the Trustee to be payable under the <br />Credit Facility Agreement) and if no amounts are owed to the Credit <br />Facility Issuer then to the Authority (if consented to in writing <br />by the Credit Facility Issuer) the trust estate hereunder, <br />including, without limitation, any surplus in the Sinking Fund and <br />any balance remaining in any other Fund created under this <br />Indenture (other than said Government Obligations or other moneys <br />deposited in trust as above provided) and surrender the Credit <br />Facility to the Credit Facility Issuer in accordance with the terms <br />thereof if not previously surrendered. The satisfaction and <br />discharge of this Indenture shall be without prejudice to the <br />rights of the Trustee to charge and be reimbursed by the Authority <br />for any expenditures which it may thereafter incur in connection <br />herewith. The provisions of subparagraphs (b) and (d) of this <br />paragraph shall only apply if (x) such Bond matures or is called <br />for redemption prior to the next date upon which such Bond is <br />subject to purchase pursuant to Section 501, 502, 504, 505 or 506 <br />hereof, and (y) the Authority waives, to the satisfaction of the <br />Trustee, its right to convert the method for determining the <br />interest rate borne by such Bond pursuant to Sections 601, 602 <br />and 603 hereof. <br />The Authority may at any time surrender to the Trustee <br />for cancellation by it any Bonds previously authenticated and <br />delivered, which the Authority may have acquired in any manner <br />whatsoever (other than Pledged Bonds, unless the Credit Facility <br />Issuer shall have consented thereto), and such Bonds, upon such <br />surrender and cancellation, shall be deemed to be paid and retired. <br />Section 1202. Liability of Authority Not Discharged. <br />Upon the deposit with the Trustee, in trust, at or before Maturity, <br />of moneys or Government Obligations in the necessary amount to pay <br />or redeem all outstanding Bonds (whether-upon or prior to Maturity <br />or the redemption date of such Bonds) and compliance with the other <br />payment requirements of Section 1201 hereof, provided that if such <br />Bonds are to be redeemed prior to the Maturity thereof, notice of <br />such redemption shall have been given as in Article V herein <br />provided, or provisions satisfactory to the Trustee shall have been <br />made for the giving of such notice, and subject to the provisions <br />of Section 1204 hereof, this Indenture may be discharged in <br />accordance with the provisions hereof but the liability of the <br />103 <br />
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