04-14-2021 Council Packet - Laserfiche WebLink

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13068487v2 31 Indenture and the Mortgage. The Corporation shall, at its sole expense, file or cause to be filed any financing statements under the Uniform Commercial Code or similar instruments necessary or requested by the Trustee to perfect and continue the security interest of the Trustee in this Loan Agreement and the payments to be made hereunder, and the security interests granted under the Mortgage, including any financing statements which the Issuer may be required to file under the Indenture. The Corporation shall also, at its sole expense, cause the Mortgage and any supplement to the Mortgage to be filed for record in the office of the Issuer Recorder or Registrar of Titles, or both, and in any other office which the Trustee shall deem necessary or desirable to perfect or maintain the lien of the Mortgage and shall pay any mortgage registration tax or filing fee or other payment for the effective filing thereof. All soon as practicable after the Closing Date, the Corporation shall provide the Trustee with copies of all filed financing statements under the Uniform Commercial Code or similar instruments necessary to perfect the security interest of the Trustee in this Loan Agreement and payment to be made hereunder, and the security interest granted under the Mortgage, including any financing statements which are required to be filed under the Indenture. Section 6.07 Assignments. The Corporation consents to the pledge and assignment of the Loan Repayments and other interests of the Issuer in this Loan Agreement by the Issuer to the Trustee as provided in the Indenture. Except as otherwise provided in Section 5.02 hereof the interests and obligations of the Corporation under this Loan Agreement are nonassignable and shall not be assigned except to a trustee in bankruptcy or similar officer pursuant to the Bankruptcy Code or similar law. Without limiting the foregoing, funds and investments in the Bond Fund, Sinking Fund, Optional Redemption Fund, Reserve Fund, and Project Fund and other funds comprising the Trust Estate are trust funds not subject to assignment by the Corporation or execution, attachment, or garnishment by any creditor of the Corporation. Section 6.08 Observance of Indenture Covenants and Terms. The Corporation will not do, in any manner, anything which will cause or permit to occur any default under the Indenture, but will faithfully observe and perform, and will do all things reasonably necessary so that the Issuer may observe and perform, all the conditions, covenants and requirements of the Indenture. The Issuer agrees that it will observe and perform all obligations imposed upon it by the Indenture and the Bonds. [The balance of this page intentionally left blank.]