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<br />t <br />I <br />l <br />l <br /> <br />~ <br />I <br />, <br />r <br />\,.. <br /> <br />delivered, such resolutions supplemental hereto and such further acts, instruments <br />and transfers as the Servicing Agent may reasonably require for the better <br />assuring, transferring, conveying, pledging, assigning and confirming unto the <br />Owners all and singular the amounts pledged hereby to the payment of the principal <br />of, premium, if any, and interest on the Bonds. The Authority, except as herein and <br />in the Agreement provided, will not sell, convey, mortgage, encumber or otherwise <br />dispose of the amounts, revenues and receipts payable under the Agreement or its <br />rights under the Agreement. <br /> <br />Section 4.04. Recording and Filing. The Authority covenants that it will <br />cause all financing statements related to this Resolution and all supplements <br />thereto and the Deed of Trust and all supplements thereto and the Agreement and all <br />supplements thereto, as well as such other security agreements, financing <br />statements and all supplements thereto and other instruments as may be required <br />from time to time to be kept, to be recorded and filed by the Servicing Agent in <br />such manner and in such places as may from time to time be required by law in order <br />to preserve and protect fully the security of the Owners of the Bonds. <br /> <br />Section 4.05. Inspection of Project Books. All books and records in the <br />Authority's possession relating to the Project and the amounts derived from the <br />Project shall at all reasonable times be open to inspection by such accountants or <br />other agencies as the Servicing Agent may from time to time designate. <br /> <br />Section 4.06. Rights Under Agreement. The Agreement, a duly executed <br />counterpart of which has been filed with the Servicing Agent, sets forth the <br />covenants and obligations of the Authority and the Company, including provisions <br />regarding amendment, modification, alteration and termination thereof, and <br />reference is hereby made to the Agreement for a detailed statement of said <br />covenants and obligations of the Company thereunder, and the Authority agrees that <br />the Servicing Agent in its name or in the name of the Authority may enforce all <br />rights of the Authority and all obligations of the Company under and pursuant to <br />the Agreement for and on behalf of the Bond Owners, whether or not there has been an <br />Event of Default as specified in Section 8.01 of the Agreement. <br /> <br />Section 4.07. Designation of Servicing Agent as Registrar and Paying Agent. <br />The Servicing Agent is hereby designated as Bond registrar and paying agent for and <br />in respect of the Bonds, and to maintain, on behalf of the Authority, all books and <br />records relating thereto. <br /> <br />12 <br />