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Document Preview Indenture of Trust |
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Title: |
Indenture of Trust |
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Entities: |
Connecticut Water Service Inc.; Freddie Mac; U.S. Bank, NA; Federal National Mortgage Association |
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Date: |
2006 |
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Size: |
Preview shows 24KB of 223KB total |
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Price: |
$77 |
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ID: |
#928257 |
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Start of Preview |
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| Page | ||||||
| Parties and Preambles | 1 | |||||
| Form of Bond | 4 | |||||
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ARTICLE I | |||||
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DEFINITIONS AND INTERPRETATION | |||||
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Section 1.1. Definitions | 14 | ||||
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Section 1.2. Interpretation | 22 | ||||
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ARTICLE II | |||||
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AUTHORIZATION, TERMS AND ISSUANCE OF BONDS | |||||
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Section 2.1. Authorization for Indenture | 24 | ||||
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Section 2.2. Authorization and Obligation of Bonds | 24 | ||||
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Section 2.3. Issuance and Terms of the Bonds | 24 | ||||
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Section 2.4. Redemption of Bonds | 27 | ||||
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Section 2.5. Execution and Authentication of Bonds | 29 | ||||
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Section 2.6. Delivery of Bonds | 30 | ||||
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Section 2.7. No Additional Bonds | 30 | ||||
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ARTICLE III | |||||
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GENERAL TERMS AND PROVISIONS OF BONDS | |||||
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Section 3.1. Date of Bonds | 31 | ||||
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Section 3.2. Form and Denominations | 31 | ||||
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Section 3.3. Legends | 31 | ||||
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Section 3.4. Medium of Payment | 31 | ||||
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Section 3.5. Bond Details | 31 | ||||
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Section 3.6. Interchangeability, Transfer and Registry | 31 | ||||
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Section 3.7. Bonds Mutilated, Destroyed, Stolen or Lost | 32 | ||||
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Section 3.8. Cancellation and Destruction of Bonds | 32 | ||||
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Section 3.9. Requirements With Respect To Transfers | 32 | ||||
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Section 3.10. Registrar | 33 | ||||
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ARTICLE IV | |||||
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APPLICATION OF BOND PROCEEDS AND OTHER AMOUNTS | |||||
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Section 4.1. Accrued Interest | 34 | ||||
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Section 4.2. Bond Proceeds | 34 | ||||
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Section 4.3. Borrower Contribution | 34 | ||||
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ARTICLE V | |||||
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CUSTODY AND INVESTMENT OF FUNDS | |||||
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Section 5.1. Creation of Funds | 35 | ||||
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Section 5.2. Project Fund | 35 | ||||
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Section 5.3. Debt Service Fund | 37 | ||||
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Section 5.4. Rebate Fund | 39 | ||||
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Section 5.5. Renewal Fund | 39 | ||||
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Section 5.6. Investment of Funds and Accounts | 39 | ||||
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Section 5.7. Non-presentment of Bonds | 40 | ||||
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ARTICLE VI | |||||
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REDEMPTION OF BONDS | |||||
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Section 6.1. Privilege of Redemption and Redemption Price | 40 | ||||
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Section 6.2. Selection of Bonds to be Redeemed | 40 | ||||
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Section 6.3. Notice of Redemption | 40 | ||||
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Section 6.4. Payment of Redeemed Bonds | 41 | ||||
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Section 6.5. Notice to Authority and Borrower of Deceased Bondholder Redemption | 41 | ||||
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Section 6.6. Cancellation of Redeemed Bonds | 41 | ||||
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ARTICLE VII | |||||
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PARTICULAR COVENANTS | |||||
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Section 7.1. No Pecuniary Liability on Authority or Officers | 42 | ||||
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Section 7.2. Payment of Principal, Redemption Price, if any, and Interest | 42 | ||||
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Section 7.3. Performance of Covenants | 42 | ||||
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Section 7.4. Further Assurances | 42 | ||||
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Section 7.5. Inspection of Project Books | 42 | ||||
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Section 7.6. Rights under Financing Documents | 43 | ||||
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Section 7.7. Creation of Liens, Indebtedness | 43 | ||||
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Section 7.8. Recording and Filing | 43 | ||||
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ARTICLE VIII | |||||
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REMEDIES OF BONDHOLDERS | |||||
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Section 8.1. Events of Default; Acceleration of Due Dates | 44 | ||||
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Section 8.2. Enforcement of Remedies | 45 | ||||
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Section 8.3. Application of Revenue and Other Moneys After Default | 46 | ||||
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Section 8.4. Actions by Trustee | 47 | ||||
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Section 8.5. Majority Bondholders Control Proceedings | 47 | ||||
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Section 8.6. Individual Bondholder Action Restricted | 47 | ||||
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Section 8.7. Effect of Discontinuance of Proceedings | 47 | ||||
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Section 8.8. Remedies Not Exclusive | 47 | ||||
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Section 8.9. Delay or Omission Upon Default | 48 | ||||
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Section 8.10. Notice of Default | 48 | ||||
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Section 8.11. Waivers of Default | 48 | ||||
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ARTICLE IX | |||||
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TRUSTEE AND PAYING AGENTS | |||||
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Section 9.1. Appointment and Acceptance of Duties | 49 | ||||
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Section 9.2. Indemnity | 49 | ||||
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Section 9.3. Responsibilities of Trustee | 49 | ||||
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Section 9.4. Compensation | 50 | ||||
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Section 9.5. Evidence on Which Trustee May Act | 50 | ||||
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Section 9.6. Evidence of Signatures of Owners of the Bonds and Ownership of Bonds | 51 | ||||
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Section 9.7. Trustee and any Paying Agent, May Deal in Bonds and With Borrower | |||||
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End of Preview |
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