1981-139 CRA - Laserfiche WebLink

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. . . . . . ARTICLE VIII MISCELLANEOUS Section 8.01. Benefits of Resolution Limited to Parties. Nothing in this Reso1uti.on, 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 Reso1uti.on. Any covenants, stipulations, promises or agreements in this Resolution 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. Success.or is Deemed Included in All References to Predecessor. Whenever in this Resolution or any Supplemental Resolution 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 Resolution c.ontained 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 s.o expressed or n.ot. 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 f.ollowing ways: (a) by well and truly paying or causing t.o 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 Noteh.o1der, in trust, at .or before maturity, m.oney which, together with the amounts then on deposit in the funds and accounts provided f.or 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 Resolution and all other obligations of the Agency under this Resolution with respect to the Note sha 11 cease and termi nate, subject to the survival of obligations due to an Official Determination as more particularly described in Section 2.02. Section 8.04. Execution of Documents and Proof of Ownership by Noteho1ders. Any request, declaration or other instrument which this Resolutlon may require or permit t.o be executed by Noteho1ders 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 provided, the ownership of the Note and the amount and date of holding the same shall be proved by the Note Register maintained by the Agency pursuant to Section 2.07. 17