81-144 Ordinance - Laserfiche WebLink

Home Browse Search

?. the Agreement or the Indenture, or any amendment or supplement thereto, the Issuer will deliver, or cause to be delivered, to the Trustee an opinion of counsel, who may be counsel for the Issuer or for the Company, to the effect that such filing, registration, recording, re-filing, re-registration or re-recording has been duly accomplished and setting forth the particulars thereof. (e) Inspection of Project Books. All books and documents in the Issuer's possession relating to the Project and the Pledged Receipts shall at all times be open to inspection by such accountants or other agents of the Trustee or the Bank as the Trustee or the Bank may from time to time designate. - (f) List of Bondholders. To the extent that such information shall be made known to the Issuer under the terms of this subsection, the Issuer will keep or arrange to have kept on file at the corporate trust office of the Trustee a list of names and addresses of the last known holders of Bonds payable to bearer. Any Bondholder may in writing addressed to the Issuer or Trustee request that his name and address be placed on said list, which request shall include a statement of the principal amount of Bonds held by such holder and identifying, by number and series designation, such Bonds. Neither the Issuer nor the Trustee shall be under any responsibility with regard to the accuracy of said list. At reasonable times and under reasonable regulations established by the Trustee, said list may be inspected and copied by the Company, or by holders (or a designated representative thereof) of twenty-five percent or more in principal amount of Bonds then outstanding, such holding and the authority of any such designated representative to be evidenced to the satisfaction of the Trustee. (g) Rights under Agreement. The Trustee, in its name or in the name of the Issuer, may, for and on behalf of the Bondholders, enforce all rights of the Issuer, except for Unassigned Authority's Rights as defined in the Agreement, and all obligations of the Company under and pursuant to the Agreement and the Letters of Credit, whether or not the Issuer is in default of the pursuit or enforcement of such rights and obligations: (h) Enforcement of-Agreement. The Issuer shall do all things and take all actions on its part necessary to comply with obligations, duties and responsibilities on its part under the Agreement, and will take all actions within its authority to keep the Agreement in effect in accordance with the terms thereof and to enforce and protect the rights of the Issuer thereunder, including actions at law and in equity, as may be appropriate. ' . ' (i) Arbitrage Provisions. The Issuer will restrict the use of the proceeds of the Project Bonds in such manner and to such extent, if any, as may be necessary, after taking into account reasonable ex- pectations at the time the Project Bonds are delivered to the Original Purchaser, so that the Project Bonds will not constitute arbitrage bonds under Section 103(c) of the Internal Revenue Code and the regulations prescribed under that Section. The Fiscal Officer, the Executive Offi- cer, any member of the Legislative Authority or any other officer of the BR-18