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1994-06-21 Minutes
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1994-06-21 Minutes
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reasonable fees and for their respective services rendered <br />• hereunder (including services as Registrar, Co-Registrar, .Paying <br />Agent and authenticating agent) and all advances, counsel fees and <br />other expenses reasonably and necessarily made or incurred by each <br />of them in connection with such services. Any additional Paying <br />Agent shall be entitled to payment and reimbursement for its <br />reasonable fees and charges as additional Paying Agent for the <br />Bonds. Upon an Event of Default hereunder, but only upon such an <br />Event of Default, the Trustee, the Tender Agent and any additional <br />Paying Agent shall have a right of payment prior to payment on <br />account of principal of, or premium, if any, or interest on, any <br />Bond for the foregoing advances, fees, costs and expenses incurred; <br />provided, however, that in no event shall the Trustee, the Tender <br />Agent or any such additional Paying Agent have any such prior right <br />of payment or claim therefor against (a) any moneys received under <br />the Credit Facility, (b) moneys held to pay redemption price, <br />including premium, of the Bonds, (c) moneys or obligations <br />.deposited with or paid to the Trustee for the redemption or payment <br />of Bonds which are deemed to have been paid in accordance with <br />Article XII hereof, (d) funds held pursuant to Section 408 hereof, <br />or (e) the proceeds of remarketing of the Bonds and any other <br />moneys held in the Bond Purchase Fund. <br />The Authority shall not be obligated to execute any <br />documents or take any other action under or pursuant to this <br />Indenture or any other document in connection with the Bonds unless <br />• and until provision for the payment of expenses of the Authority <br />shall have been made. Provisions for expenses shall be deemed to <br />have been made upon arrangements reasonably satisfactory to the <br />Authority for the provision of expenses being agreed upon by the <br />Authority and the party requesting such execution. <br />Section 1003. Notice to Bondholders if Default Occurs. <br />If a default occurs of which the Trustee is by subsection (g) of <br />Section 1001 hereof required to take notice or if notice of default <br />be given as in said subsection (g) provided, then the Trustee shall <br />give written notice thereof by certified or registered mail to the <br />registered owners of all then outstanding Bonds. <br />Section 1004. Good Faith Reliance. The Trustee, the <br />Tender Agent and any additional Paying Agent shall be protected and <br />shall incur no liability in acting or proceeding in good faith upon <br />any resolution, notice, telegram, telex or facsimile transmission, <br />request, consent, waiver, certificate, statement, affidavit, <br />voucher, bond, requisition or other paper or document which it <br />shall in good faith believe to be genuine and to have been passed <br />or signed by the proper board, body or person or to have been <br />prepared and furnished pursuant to any of the provisions of this <br />Indenture, the Credit Facility or the Lease Agreement, or upon the <br />written opinion of any attorney, engineer, accountant or other <br />expert believed by the Trustee, the Tender Agent and any additional <br />~ Paying Agent, as the case may be, to be qualified in relation to <br />90 <br />
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