Indenture of Trust (1996) - Laserfiche WebLink

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be construed as if such invalid or illegal or unenforceable provision had never been contained herein. The Authority hereby declares that it would have entered into this Indenture and each and every other Section, paragraph, sentence, clause or phrase hereof and authorized the issuance of the Bonds pursuant thereto irrespective of the fact that any one or more Sections, paragraphs, sentences, clauses or phrases of this Indenture may be held illegal, invalid or unenforceable. Section 11.07. Notices. All written notices to be given under this Indenture shall be given by first class mail or personal delivery to the party entitled thereto at its address set forth below, or at such address as the party may provide to the other party in writing from time to time. Notice shall be effective either (a) upon transmission by facsimile transmission or other form of telecommunication, confirmed by telephone, (b) 48 hours after deposit in the United States mail, postage prepaid, or (c) in the case of personal delivery to any person, upon actual receipt. The Authority,the Members or the Trustee may, by written notice to the other parties, from time to time modify the address or number to which communications are to be given hereunder. If to the Authority: Countywide Public Financing Authority 20 Civic Center Plaza Santa Ana,CA 92701 Attn: Treasurer If to the Members: See Exhibit B Attached Hereto If to the Trustee: U.S. Trust Company of California,N.A. 515 South Flower Street,Suite 2700 Los Angeles,CA 90071 Attn:Corporate Trust Department If to the Municipal Bond Insurer: MBIA Insurance Corporation 113 King Street Armonk, NY 10504 Attention: Insured Portfolio Management The Authority,the Members,the Trustee and the Municipal Bond Insurer,by notice given hereunder, may designate different addresses to which subsequent notices, certificates or other communications will be sent. Section 11.08. Notices to be Given to the Municipal Bond Insurer. While the Municipal Bond Insurance Policy is in effect, the Authority shall furnish, or cause to be furnished, to the Municipal Bond Insurer: (a) a copy of any notice to be given to the Owners and any certificate rendered pursuant to this Indenture or any Lease Agreement relating to the security for the Bonds; (b)notice of resignation of the Trustee;and (c)such additional information it may reasonably request. The Trustee shall notify the Municipal Bond Insurer of any failure of the Authority to provide any notices or certificates required by this Indenture to be Authority to the Trustee. The Trustee shall notify S&P of all consents given by the Municipal Bond Insurer hereunder. The Authority will permit the Municipal Bond Insurer to discuss the affairs, finances and accounts of the Authority or any information the Municipal Bond Insurer may reasonably -44-