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04-14-2021 Council Packet
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04-14-2021 Council Packet
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13068670v2 <br /> <br /> <br />58 <br /> <br />ARTICLE XIII <br /> <br />MISCELLANEOUS <br />Section 13.01 Covenants of Issuer Bind Successors and Assigns. All the covenants, <br />stipulations, promises and agreements in this Indenture contained, by or in behalf of the Issuer, <br />shall bind and inure to the benefit of its successors and assigns, whether so expressed or not. <br />Section 13.02 Immunity of Officers. No recourse for the payment of any part of the <br />principal of or interest on any Bond or for the satisfaction of any liability arising from, founded <br />upon or existing by reason of the issue, purchase or ownership of the Bonds shall be had against <br />any officer, member or agent of the City Council, the Issuer or the State of Minnesota, as such, all <br />such liability being hereby expressly released and waived as a condition of and as a part of the <br />consideration for the execution of this Indenture and the issuance of the Bonds. <br />Section 13.03 No Benefits to Outside Parties. Nothing in this Indenture, express or <br />implied, is intended or shall be construed to confer upon or to give to any person or corporation, <br />other than the Corporation, the parties hereto and the Holders of the Bonds issued hereunder, any <br />right, remedy or claim under or by reason of this Indenture or covenant, condition or stipulation <br />thereof; and the covenants, stipulations and agreements in this Indenture contained are and shall <br />be for sole and exclusive benefit of the Corporation, the parties hereto, their successors and assigns, <br />and the Holders of the Bonds. <br />Section 13.04 Separability of Indenture Provisions. In case any one or more of the <br />provisions contained in this Indenture or in the Bonds shall for any reason be held to be invalid, <br />illegal or unenforceable in any respect, such invalidity, illegality or unenforceability shall not <br />affect any other provisions of this Indenture, but this Indenture shall be construed as if such invalid <br />or illegal or unenforceable provision had never been contained herein. <br />Section 13.05 Execution of Indenture in Counterparts. This Indenture may be <br />simultaneously executed in several counterparts, each of which, when so executed, shall be <br />deemed to be an original, and such counterparts, shall together constitute one and the same <br />instrument. <br />Section 13.06 Headings Not Controlling. The headings of the several Articles and <br />Sections hereof are inserted for the convenience of reference only and shall not control or affect <br />the meaning or construction of any of the provisions hereof. <br />Section 13.07 Notices, etc. to Trustee, Issuer and Borrower. Any request, demand, <br />authorization, direction, notice, consent of Bondholders or other document provided or permitted <br />by this Indenture shall be sufficient for any purpose under this Indenture, the Loan Agreement or <br />the Mortgage, when hand delivered or mailed registered mail, return receipt requested, postage <br />prepaid (except as otherwise provided in this Indenture) (with a copy to the other parties) at the <br />following addresses (or such other address as may be provided by any party by written notice) and <br />shall be deemed to be effective upon receipt: <br />
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