83-110 Ordinance - Laserfiche WebLink

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. • ,,.?, ?, the Issuer according to the terms thereof. Each obligation of the Issuer required to be undertaken pursuant to this Bond Legislation, the Agreement, the Assignment, the Project Bond and the Bond Purchase Agreement is binding upon the Issuer, and such officer or employee thereof as may from time to time have the authority under law to take such actions as may be necessary to perform all or any part of such obligations, as a duty of the Issuer and of each such officer and employee resulting from an office, trust or station within the meaning of Section 2731.01 of the Ohio Revised Code, providing for enforcement by writ of mandamus. (c) Pledged Receipts. Except as otherwise provided in this Bond Legislation, the Agreement and the Assignment, the Issuer will not assign or grant a security interest in the Pledged Receipts or create or suff er to be created any debt, lien or charge thereon other than the assignment and grant thereof under this Bond Legislation, the Agreement and the Assignment. (d) Recordin s and Filin s. The Issuer will, at the expense of the Caapany, cause the Mortgage and the Assign- ment of Rents and Leases and financing statements and any amendments or supplements to any and all necessary financing statements, amendments thereto, continuation statements and instruments of similar character relating to such instru- ments and grants made by it to secure the Project Boncls, to be recorded and filed in such manner and in such places as may be required by law in order to fully preserve and pro- tect the security of the Bondholders. (e) Inspection of Project Books. All books and docu- ments in the Issuer's possession relating to the Projeet and the Pledged Receipts shall at all times be open to inspec- tion by such accountants or other agents of the Bondholders as the Bondholders may from time to time designate. (f) Riqhts under reement The Bondholders, in their names or in the name of the Issuer, may enforce all rights of the Issuer which have been assigned to them and all obli- gations of the Company under and pursuant to the Agreement, whether or not the Issuer is in default of the pursuit or enforcement of such rights and obligations. (g) Enforcement of A reement. The Issuer, at the re- quest of the Bondholders, shall do all things and take all actions on its part necessary to comply with the obliga- tions, 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 17