Preview | Indenture of Trust |

TABLE OF CONTENTS


	Page
Parties and Preambles		1
Form of Bond		4

ARTICLE I
DEFINITIONS AND INTERPRETATION

Section 1.1. Definitions		15
Section 1.2. Interpretation		21
ARTICLE II
AUTHORIZATION, TERMS AND ISSUANCE OF BONDS

Section 2.1. Authorization for Indenture		23
Section 2.2. Authorization and Obligation of Bonds		23
Section 2.3. Issuance and Terms of the Bonds		23
Section 2.4. Redemption of Bonds		26
Section 2.5. Execution and Authentication of Bonds		30
Section 2.6. Delivery of Bonds		30
Section 2.7. No Additional Bonds		31
ARTICLE III
GENERAL TERMS AND PROVISIONS OF BONDS

Section 3.1. Date of Bonds		32
Section 3.2. Form and Denominations		32
Section 3.3. Legends		32
Section 3.4. Medium of Payment		32
Section 3.5. Bond Details		32
Section 3.6. Interchangeability, Transfer and Registry		32
Section 3.7. Bonds Mutilated, Destroyed, Stolen or Lost		33
Section 3.8. Cancellation and Destruction of Bonds		33
Section 3.9. Requirements With Respect To Transfers		33
Section 3.10. Registrar		34
ARTICLE IV
APPLICATION OF BOND PROCEEDS AND OTHER AMOUNTS

Section 4.1. Accrued Interest		35
Section 4.2. Bond Proceeds		35
Section 4.3. Borrower Contribution		35
ARTICLE V
CUSTODY AND INVESTMENT OF FUNDS

Section 5.1. Creation of Funds		36
Section 5.2. Project Fund		36
Section 5.3. Debt Service Fund		38
Section 5.4. Rebate Fund		40
Section 5.5. Renewal Fund		40
Section 5.6. Investment of Funds and Accounts		40
Section 5.7. Non-presentment of Bonds		41
ARTICLE VI
REDEMPTION OF BONDS

Section 6.1. Privilege of Redemption and Redemption Price		41

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Section 6.2. Selection of Bonds to be Redeemed		41
Section 6.3. Notice of Redemption		41
Section 6.4. Payment of Redeemed Bonds		42
Section 6.5. Notice to Authority and Borrower of Deceased Bondholder Redemption		42
Section 6.6. Cancellation of Redeemed Bonds		42
ARTICLE VII
PARTICULAR COVENANTS

Section 7.1. No Pecuniary Liability on Authority or Officers		44
Section 7.2. Payment of Principal, Redemption Price, if any, and Interest		44
Section 7.3. Performance of Covenants		44
Section 7.4. Further Assurances		44
Section 7.5. Inspection of Project Books		44
Section 7.6. Rights under Financing Documents		45
Section 7.7. Creation of Liens, Indebtedness		45
Section 7.8. Recording and Filing		45
ARTICLE VIII
REMEDIES OF BONDHOLDERS

Section 8.1. Events of Default; Acceleration of Due Dates		46
Section 8.2. Enforcement of Remedies		46
Section 8.3. Application of Revenue and Other Moneys After Default		47
Section 8.4. Actions by Trustee		48
Section 8.5. Majority Bondholders Control Proceedings		48
Section 8.6. Individual Bondholder Action Restricted		48
Section 8.7. Effect of Discontinuance of Proceedings		49
Section 8.8. Remedies Not Exclusive		49
Section 8.9. Delay or Omission Upon Default		49
Section 8.10. Notice of Default		49
Section 8.11. Waivers of Default		49
ARTICLE IX
TRUSTEE AND PAYING AGENTS

Section 9.1. Appointment and Acceptance of Duties		51
Section 9.2. Indemnity		51
Section 9.3. Responsibilities of Trustee		51
Section 9.4. Compensation		52
Section 9.5. Evidence on Which Trustee May Act		52
Section 9.6. Evidence of Signatures of Owners of the Bonds and Ownership of Bonds		53
Section 9.7. Trustee and any Paying Agent, May Deal in Bonds and With Borrower

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