85-019 Ordinance - Laserfiche WebLink

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be open to inspection by such employees, accountants or other agents of the Trustee as the Trustee may from time to time designate. (f) Maintenance of AQreement. The Issuer shall do all things and take all actions on its part necessary to comply with the obligations, duties and responsi- bilities on the part of the Issuer under the Agreement, and will take all actions within its authority to maintain the Agreement in effect in accordance with the terms thereof and to enf orce and protect the rights of the Issuer thereunder, including actions at law and in equity, as may be appropriate. (g) List of Bondholders. The Issuer shall arrange to have kep-t on-Tile by the Trustee at its corporate trust office a:List of names and addresses of Bondholders. Neither the Issuer nor the Trustee shall be under any responsibility with regard to the accuracy of such list. At reasonable times and under reasonable regulations established by the Trustee, such list may be inspected and copied b.y the Borrower, or by the 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. (h) Rights under Agreement. T he Trustee, in its name or in the name of the I ssuer , may, for and on behalf of the Bondholders, enforce all rights of the Issuer and all obligations of the Borrower under and pursuant to the Agreement, whether or not the Issuer is in default of the pursuit or enforcement of such rights and obligations. (i) Arbitrage Provisions, The Issuer will restrict the use of the proceeds of the B onds in such manner and to such extent, if any, as may be necessary, after taking into account reasonable expectations at the time the Bonds are delivered to the Original Purchaser, so that they will not constitute arbitrage bonds under S ection 103(c) of the Code and the applicable regulations prescribed under that section. The Fiscal Officer or any other officer having responsibility with respect to the issuance of the B onds is authorized and directed, alone or in conjunction with any of the foregoing or with any other officer, employee, consultant or agent of the Issuer, or any officer of the Borrower, and upon receipt of indemnities f'rom the Borrower, to give an appropriate certificate on behalf of the Issuer, for inclusion in the transcript of proceedings for the Bonds, setting forth the facts, estimates and circumstances and reasonable expectations pertaining to such Section 103(c) and regulations thereunder. Section 10. Investment of Bond Fund, Rebate Fund, Construction Fund and Reserve Fund Money. Moneys in the Bond F und, the Rebate Fund, the Constructior n F und and the Reserve F und shall be invested and reinvested by the Trustee in aray Eligible Investments, in accordance with and subject to any written orders, or oral orders confirmed promptly in writing, of the Authorized B orrower Representative with respect thereto, provided that investments of moneys in the Bond Fund shall mature or be redeemable at the option of the Trustee at the times and in the amounts necessary to provide moneys hereunder to pay B ond S ervice Charges as they fall due at stated maturity or by amortization or redemption, and that each investment of - 13 -