2014-048 - Execution and Delivery By the City of a Master Installment Purchase Agreement

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TABLE OF CONTENTS (continued) Page ARTICLE VII COVENANTS OF THE AUTHORITY ......................... ............................... 27 Section 7.01. Punctual Payment and Perfonnance ................... ............................... 27 Section 7.02. Tax Covenants; Rebate Fund .............................. ............................... 27 Section 7.03. Eminent Domain ................................................. ............................... 28 Section 7.04. Accounting Records and Reports ........................ ............................... 29 Section 7.05. The City's Budgets ............................................. ............................... 29 Section 7.06. Installment Purchase Agreement and Other Documents ................... 29 Section 7.07. Other Liens .......................................................... ............................... 29 Section 7.08. Prosecution and Defense of Suits ....................... ............................... 30 Section 7.09. Further Assurances .............................................. ............................... 30 Section 7.10. Maintenance of Existence ................................... ............................... 30 Section 7.11. Continuing Disclosure ........................................ ............................... 30 ARTICLE VIII THE TRUSTEE .............................................................. ............................... 31 Section 8.01. Appointment and Acceptance of Duties ............. ............................... 31 Section 8.02. Duties, Immunities and Liabilities of Trustee ..... ............................... 31 Section 8.03. Merger or Consolidation ..................................... ............................... 33 Section 8.04. Compensation ..................................................... ............................... 33 Section 8.05. Liability of Trustee ............................................. ............................... 33 Section 8.06. Right to Rely on Documents ............................... ............................... 34 Section 8.07. Preservation and Inspection of Documents ......... ............................... 35 ARTICLE IX AMENDMENT OF THE INDENTURE ........................ ............................... 35 Section 9.01. Amendment of the Indenture .............................. ............................... 35 Section 9.02. Disqualified Bonds .............................................. ............................... 36 Section 9.03. Endorsement or Replacement of Bonds After Amendment .............. 36 Section 9.04. Amendment by Mutual Consent ......................... ............................... 36 ARTICLE X EVENTS OF DEFAULT AND REMEDIES OF HOLDERS ....................... 36 Section 10.01. Events of Default and Acceleration of Maturities ............................. 36 Section 10.02. Proceedings by Trustee ....................................... ............................... 37 Section 10.03. Effect of Discontinuance or Abandonment ......... ............................... 38 Section 10.04. Rights of Owners ................................................ ............................... 38 Section 10.05. Restriction on Owners' Action ........................... ............................... 38 Section 10.06. Power of Trustee to Enforce ............................... ............................... 39 Section 10.07. Remedies Not Exclusive ..................................... ............................... 39 Section 10.08. Waiver of Events of Default; Effect of Waiver .. ............................... 39 Section 10.09. Application of Moneys ....................................... ............................... 39 ARTICLE XI DEFEASANCE ............................................................... ............................... 41 Section 11.01. Discharge of Bonds ............................................... .............................41 Section 11.02. Unclaimed Money ............................................... ............................... 42 55394.00011 \8754149.4 -11-