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rights of the Bondholders, to the Credit Facility Issuer and its successors and assigns,-the Lease (as hereinafter defined) and .the Pledged Funds as hereinafter defined (said moneys being herein sometimes referred to as the "trust estate") subject to the provisions of this Agreement requiring or permitting the application thereof for the purposes and on the terms set forth in this Indenture. The pledge herein made is and shall be subject to the provisions of this Indenture for the equal and proportionate benefit, security and protection of all holders of the Bonds issued or to be issued under and secured by this Indenture, without preference, priority or distinction as to lien or otherwise by reason of the date of maturity thereof, or for any other reason whatsoever, subject to the provisions of this Indenture, and subject to the rights of the Bondholders, for the benefit and security of the Credit Facility Issuer with respect to the obligations of the Authority under the Credit Facility Agreement and any related agreements with the Credit Facility Issuer. PROVIDED, HOWEVER, that if the Authority, its successors or its assigns, shall well and truly pay, or cause to be paid, the principal of the Bonds and the premium, if any, and the interest due or to become due thereon, at the times and in the manner as set forth in said Bonds in accordance with the terms hereof, and shall well and truly keep, perform and observe all covenants and conditions pursuant to the terms of. this- Indenture to be kept, performed and observed by the Authority, and shall pay to the Trustee all sums of money due, or to become due to it, in accordance with the terms and provisions hereof, and if all obligations payable with respect to the Credit Facility delivered following termination thereof have been paid in full to the satisfaction of the Credit Facility Issuer, as appropriate, then this Agreement and the rights hereby granted shall cease, determine and be void, but otherwise, this Indenture shall remain in full force and effect. All Bonds issued and secured hereunder are to be issued, authenticated and delivered, and all property hereby pledged is to be dealt with and disposed of under, upon and subject to the terms, conditions, stipulations, covenants, agreements, trusts, uses and purposes as hereinafter expressed; and the Authority has agreed and covenanted, and does hereby agree and covenant, with the Trustee and with the respective owners, from time to time, of the said Bonds or any part thereof and, on a wholly subordinated basis, the Credit Facility Issuer, as follows: • 3