Laserfiche WebLink
(e) As to the existence or non-existence of any fact or as to the sufficiency or validity <br /> of any instrument,paper or proceeding,the Trustee shall be entitled to rely upon a certificate signed <br /> on behalf of the Issuer or the Company by its duly authorized officers as sufficient evidence of the <br /> facts therein contained and prior to the occurrence of a default of which the Trustee has been <br /> notified as provided in subsection (g) of this Section, or of which said subsection it is deemed to <br /> have notice, shall also be at liberty to accept a similar certificate to the effect that any particular <br /> dealing,transaction or action is necessary or expedient,but may at its discretion secure such further <br /> evidence deemed necessary or advisable, but shall in no case be bound to secure the same. The <br /> Trustee may accept a certificate of the Issuer or the Company under its seal to the effect that an <br /> ordinance or resolution in the form therein set forth has been adopted by the Issuer or the Company <br /> as conclusive evidence that such ordinance or resolution has been duly adopted,and is in full force <br /> and effect. <br /> (0 The duties and obligations of the Trustee shall be determined solely by the express <br /> provisions of this Indenture, and the Trustee shall not be liable except for the performance of such <br /> duties and obligations as are specifically set forth in this Indenture, and no implied covenants or <br /> obligations shall be read into this Indenture against the Trustee. The permissive right of the Trustee <br /> to do things enumerated in this Indenture shall not be construed as a duty; provided,however, the <br /> foregoing shall not affect the duties of the Trustee expressly set forth herein.The Trustee shall not <br /> be answerable for other than its gross negligence or willful misconduct. <br /> (g) The Trustee shall not be required to take notice or be deemed to have notice of any <br /> event of default hereunder(other than payment of the principal and interest on the Bonds) unless <br /> the Trustee shall be specifically notified in writing of such default by the Issuer or by the holders <br /> of at least twenty-five percent(25%) in aggregate principal amount of all Bonds then outstanding <br /> and all notices or other instruments required by this Indenture to be delivered to the Trustee must, <br /> in order to be effective, be delivered at the principal corporate trust office of the Trustee, and in <br /> the absence of such notice so delivered, the Trustee may conclusively assume there is no default <br /> except as aforesaid. <br /> (h) At any and all reasonable times and upon reasonable prior written notice, the <br /> Trustee, and its duly authorized agents, attorneys, experts, engineers, accountants and <br /> representatives, shall have the right fully to inspect the Project, and to take such memoranda from <br /> and in regard thereto as may be desired. <br /> (i) The Trustee shall not be required to give any Bonds or surety in respect of the <br /> execution of the said trusts and powers or otherwise in respect of the premises. <br /> (j) Notwithstanding anything elsewhere in this Indenture contained, the Trustee shall <br /> have the right, but shall not be required,to demand, in respect of the authentication of any Bonds, <br /> the withdrawal of any cash, the release of any property, or any action whatsoever within the <br /> purview of this Indenture, any showings,certificates, opinions, appraisals or other information, or <br /> corporate action or evidence thereof, in addition to that by the terms hereof required as a condition <br /> of such action by the Trustee,deemed desirable for the authentication of any Bonds,the withdrawal <br /> of any cash, or the taking of any other action by the Trustee. <br /> (k) Before taking any action under this Section 8.1 the Trustee may require that a <br /> satisfactory indemnity bond be furnished for the reimbursement of all expenses to which it may be <br /> put and to protect it against all liability,except liability which is adjudicated to have resulted from <br /> 32 <br />