Laserfiche WebLink
gagee and with the Holders to fully protect the rights and security of <br />the Holders. Nothing herein shall be construed as requiring the Issuer <br />to operate the Project or to use any funds or revenues from any source <br />other than Pledged Receipts. <br />(b) Payment of Note Payments. The Issuer will, solely from <br />the sources herein provided, pay or cause to be paid the Note Payments <br />on the dates, at the places and in the manner provided in the applicable <br />Note Legislation and in the Notes. <br />(c) Performance of Covenants, Authority and Actions The <br />Issuer will observe and perform all agreements and covenants contained <br />in the Note Legislation, the Note Docwnents and in any Note, and in any <br />proceedings of and documents executed by the Issuer pertaining to the <br />Notes or the Note Documents. The Issuer warrants and covenants that it <br />is, and upon delivery of the Project Note will be, duly authorized by <br />the Constitution and laws of the State, including particularly and <br />without limitation the Act, to issue the Project Note and to execute the <br />Note Documents to provide the security for payment of the Note in the <br />manner and to the extent herein and in the Agreement set forth; that all <br />actions on its part for the issuance of the Pro3ect Note and execution <br />and delivery of the Note Documents have been or will be duly and effec- <br />tively taken, and that the Project Note in the hands of the Holders will <br />be a valid special obligation of the Issuer enforceable in accordance <br />with its terms. Each provision of the Note Legislation, the Note Docu- <br />ments and the Notes is binding upon each such officer of the Issuer as <br />may from time to time have the authority under law to take such actions <br />as may be necessary to perform all or any part of the duties required by <br />26