Laserfiche WebLink
receiving the requisite moneys from the payment source,or to otherwise advance funds for account <br /> transactions. The Issuer acknowledges that the legal obligation to pay the purchase price of any <br /> Qualified Investment arises immediately at the time of the purchase. Notwithstanding anything <br /> else in this Indenture to the contrary, (i) any such crediting of funds or assets shall be provisional <br /> in nature,and the Trustee shall be authorized to reverse any such transactions or advances of funds <br /> in the event that it does not receive good funds with respect thereto, and (ii) nothing in this <br /> Indenture shall constitute a waiver of any of the Trustee's rights as a securities intermediary under <br /> Uniform Commercial Code § 9-206. <br /> Non-presentment of Bonds. In the event any Bond shall not be presented for payment when the <br /> principal thereof becomes due,upon final maturity or redemption in full, if funds sufficient to pay <br /> any such Bond shall have been made available to Trustee for the benefit of the holder or holders <br /> thereof, all liability of Issuer to the holder thereof for the payment of such Bond shall forthwith <br /> cease, determine and be completely discharged, and thereupon it shall be the duty of Trustee to <br /> hold such funds for five(5)years without liability for interest thereon; for the benefit of the holder <br /> of such Bond, who shall thereafter be restricted exclusively to such funds, for any claim of <br /> whatever nature on his part under this Indenture or on, or with respect to, such Bond. <br /> Any moneys so deposited with and held by the Trustee not so applied to the <br /> payment of Bonds within five (5) years after the date on which the same shall become due shall <br /> be repaid by Trustee to the Issuer and thereafter Bondholders shall be entitled to look only to the <br /> Issuer for payment, and then only to the extent of the amount so repaid. <br /> Notwithstanding anything herein to the contrary, the Bonds shall only need to be <br /> presented and surrendered for payment upon the final maturity or optional redemption thereof. <br /> Ownership; Instruments of Further Assurance. The Issuer covenants that it will <br /> defend its interest in the Loan Agreement to the Trustee, for the benefit of the holders and owners <br /> of the Bonds against the claims and demands of all persons whomsoever. The Issuer covenants <br /> that it will do,execute,acknowledge and deliver or cause to be done,executed,acknowledged and <br /> delivered, such indentures supplemental hereto and such further acts, instruments and transfers as <br /> the Trustee may reasonably require for the better assuring, transferring, mortgaging, conveying, <br /> pledging, assigning and confirming unto the Trustee, the Loan Agreement. <br /> 25 <br />