1981-142 CRA - Laserfiche WebLink

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. . I . . .. ART! CLE V I II MISCELLANEOUS Section 8.01. Benefits.of Resolution Limited to Parties. Nothing in this Resolution, expressed or implied, is intended to give any person other than the Agency, the Bank and the Holders of the Note, any right, remedy, or claim under or by reason of this Resolution. Any covenants, stipulations, promises or agreements in this Res.olution contained by and on behalf of the Agency shall be for the sole and exclusive benefit of the Holders of the Note. Section 8.02. Successor is Deemed Included in All References to Predecessor. Whenever in this Resolution or any Supplemental Resoluti.on either the Agency or the Bank is named or referred to, such reference shall be deemed to include the successors or assigns thereof, and all the covenants and agreements in this Res.olution contained by or .on behalf of the Agency or the Bank shall bi nd and inure to the benefi t .of the respective successors and assigns there.of whether so expressed or not. Section 8.03. Discharge of Resolution. If the Agency shall pay and discharge the entire indebtedness on the Note in anyone or more of the following ways: (a) by well and truly paying or causing to be paid the principal and interest on the Note, together with applicable fees and other charges as and when the same become due and payable; or (b) by depositing with the Bank or, if applicable, a subsequent Noteholder, in trust, at or before maturity, money which, t.ogether with the amounts then on dep.osit in the funds and accounts provided for in Sections 3.02 and 4.02, is fully sufficient to pay the Note, including all principal, interest and applicable fees and charges; then the pledge of the Revenues and other funds provided for in this Resoluti.on and all other obligations of the Agency under this Resolution with respect to the Note shall cease and terminate, subject to the survival of obligations due to an Official Determination as m.ore particularly described in Section 2.02. Section 8.04. Execution of Documents and Proof of Ownership by Noteholders. Any request, declaration or other instrument which this Resolution may require or permit to be executed by Noteholders may be in one or more instruments of similar tenor, and shall be executed by the Holder of the Note in person or by its attorney appointed in writing. Except as otherwise herein expressly pr.ovided, the ownership of the N.ote and the amount and date of holding the same shall be proved by the N.ote Register maintained by the Agency pursuant to Section 2.07. 17