Laserfiche WebLink
<br />I. <br />. <br /> <br />. <br />'8 <br /> <br />. <br /> <br />. <br /> <br />" <br /> <br />ARTICLE V <br />COVENANTS OF THE AGENCY <br /> <br />Section 5.01. Punctual Payment. The Agency will punctually pay or <br />cause to be paid (but only out of Revenues as herein provided) the principal <br />and interest to become due in respect of all the Note, in strict conformity <br />with the terms of the Note and of this Resolution, and it will faithfully <br />observe and perform all .of the conditions, covenants and requirements of this <br />Resolution and of the Note. Nothing herein contained shall prevent the Agency <br />from making advances of its own moneys howsoever derived to any of the uses or <br />purposes referred to herein. <br /> <br /> <br />pledge se~rt i ~~ a;e'O~~y ~t~~~~t .o~nc~~anucp~~' an~he .o/g~~~y R=~~~ue,::t e~~~~e~; <br />permitted by this Resolution, in favor of the N.oteholder. <br /> <br />Section 5.03. Preservation of Revenues; Amendment of A reements, <br />Promissory Notes and Deeds of rust. he Agency sha cause to be co ected <br />pro~t Iy a 11 amounts due fr.om the Participating Parties under the Agreements <br />and the Pr.omissory Notes as the same become due, and shall promptly and <br />vigorously enforce all of its rights under the Agreements, the Pr.omiss.ory <br />Notes and the Deeds of Trust. Without the written consent of the Bank, the <br />Agency shall not amend, modify or terminate, or agree or consent to amend, <br />modify or terminate, the Agreements, the Promissory N.otes or the Deeds of <br />Trust and related collateral documents; but, with the written consent of the <br />Bank, the Agency may consent to amendments or modifications thereof. <br /> <br />Secti.on 5.04. C.ompliance with Res.olution. The Agency shall not issue, <br />or permit to be issued, any obligation secured or payable in any manner out .of <br />Revenues other than in accordance with the provisions of this Resolution, and <br />shall not suffer or permit any default to occur under this Resoluti.on, but <br />shall faithfully observe and perform all the covenants, conditions and <br />requirements hereof. <br /> <br />Section 5.05. Further Assurances. The Agency will adopt, make, execute <br />and de 1 i ver any and a 11 such further reso lut ions, instruments and assurances <br />as may be reasonably necessary or proper to carry out the intention or to <br />facilitate the performance of this Resolution, and for the better assuring and <br />confirming unto the Holders of the Note of the rights and benefits provided in <br />this Resolution. <br /> <br />12 <br />