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without exhausting and without regard to any other remedy conferred by the Law or any other <br />law. <br />ARTICLE XI <br />DETEASANCE <br />Section 11.01 Discharge of Indebtedness. (a) If (i) the Agency shall pay or cause to be <br />paid or there shall otherwise be paid to the Owners of all Outstanding Bonds the principal thereof <br />and the interest and premium, if any, thereon at the times and in the manner stipulated herein and <br />therein, and (ii) all other amounts due and payable hereunder shall have been paid, then the <br />Owners shall cease to be entitled to the lien created hereby, and all agreements, covenants and <br />other obligations of the Agency hereunder shall thereupon cease, terminate and become void and <br />be discharged and satisfied, In such event, the Trustee shall execute and deliver to the Agency all <br />such instruments as may be necessary or desirable to evidence such discharge and satisfaction, <br />and the Trustee shall pay over or deliver to the Agency all money or securities held by it <br />pursuant hereto which are not required for the payment of the principal of and interest and <br />premium, if any, on the Bonds. <br />(b) Subject to the provisions of subsection (a) of this section, when any Bond shall <br />have been paid and if, at the time of such payment, the Agency shall have kept, performed and <br />observed all of the covenants and promises in such Bonds and in the Indenture required or <br />contemplated to be kept, performed and observed by it or on its part on or prior to that time, then <br />the Indenture shall be considered, to have been discharged in respect of such Bond and such Bond <br />shall cease to be entitled to the lien created hereby, and all agreements, covenants and other <br />obligations of the Agency hereunder shall cease, terminate, become void and be completely <br />discharged and satisfied as to such Bond. <br />(c) Notwithstanding the discharge and satisfaction of the Indenture or the discharge <br />and satisfaction of the Indenture in respect of any Bond, those provisions of the Indenture <br />relating to the maturity of the Bonds, interest payments and dates thereof, exchange and transfer <br />of Bonds, replacement of mutilated, destroyed, lost or stolen Bonds, the safekeeping and <br />cancellation of Bonds, non- presentment of Bonds, and the duties of the Trustee in connection <br />with all of the foregoing, shall remain in effect and shall be binding upon the Trustee and the <br />Owners and the Trustee shall continue to be obligated to hold in trust any moneys or investments <br />then held by the Trustee for the payment of the principal of and interest and premium, if any, on <br />the Bonds, to pay to the Owners of the Bonds the fluids so held by the Trustee as and when such <br />payment becomes due. <br />Section 11.02 Bonds Deemed to Have Been Paid. (a) If moneys shall have been set <br />aside and held by the Trustee for the payment or redemption of any Bond and the payment of the <br />interest thereon to the maturity or redemption date thereof, such Bond shall be deemed to have <br />been paid within the meaning and with the effect provided in Section 11.01 hereof. Any <br />Outstanding Bond shall prior to the maturity date or redemption date thereof be deemed to have <br />been paid within the meaning of and with the effect expressed in Section 11.01 hereof if: <br />53 <br />3 -71 <br />