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• Adjustment Period shall consist of one Rate Period in an Adjustable Long Mode of a duration of one year plus one day. Section 604. Effect of Notices. Failure by the Trustee or the Tender Agent to give any notice, or any defect therein, shall not extend the period for making elections or in any way change the rights of the owners of such Bonds to elect to have their Bonds purchased on any Demand Date or extend the period for making such elections. Any notice mailed as provided herein shall be conclusively presumed to have been given, whether or not the owner of such Bonds receives the notice. ARTICLE VII GENERAL COVENANTS Section 701. Pavment of Principal Premium if any and Interest. Subject to the limited source of payment hereinafter referred to, the Authority covenants that it will promptly pay the principal of, premium, if any, and interest on every Bond issued under this Indenture at the place, on the dates and in the manner provided herein and in said Bonds according to the true intent and meaning thereof. The principal of, and interest and premium, if any, on the Bonds are payable solely from (a) rentals paid pursuant to the Lease (b) moneys and investments held by the Trustee under, • and to the extent provided in, this Indenture and (c) amounts drawn under the Credit Facility. Nothing in the Bonds or in this Indenture shall be considered as assigning or pledging any funds or assets of the Authority (except the moneys and the Lease pledged under this Indenture). Section 702. Performance of Covenants; Legal Authorization. The Authority covenants that it will faithfully perform on its part at all times any and all covenants, undertakings, stipulations and provisions contained in this Indenture, in any and every Bond executed, authenticated and delivered hereunder and in all proceedings of its members pertaining thereto; provided, however, that except for the matters set forth herein relating to payment of the Bonds, the Authority shall not be obligated to take any action or execute any instrument pursuant to any provision hereof until it shall have been requested to do so by the Trustee, or shall have received the instrument to be executed and at the option of the Authority shall have received from the party requesting such execution assurance satisfactory to the Authority that the Authority shall be reimbursed for its reasonable expenses incurred or to be incurred in connection with taking such action or executing such instrument. The Authority represents that it is duly authorized under the Constitution and laws of the State of Indiana, including particularly the Act and the Bond Resolution, to issue the Bonds authorized hereby, to • execute this Indenture, to pledge and to assign the Lease; that all 63