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06-08-2022 Council Packet
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06-08-2022 Council Packet
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73495160v3 <br /> <br /> <br />41 <br /> <br />(r) The Fiscal Agent’s immunities and protections from liability and its rights to <br />indemnification in connection with the performance of its duties under this Funding Loan Agreement shall <br />likewise extend to the Fiscal Agent’s officers, directors, agents, attorneys and employees. Such immunities <br />and protections and rights to indemnification, together with the Fiscal Agent’s rights to compensation, shall <br />survive the Fiscal Agent’s resignation or removal, the discharge of this Funding Loan Agreement and the <br />final payment of the Funding Loan. <br />(s) The Fiscal Agent, in its commercial banking or in any other capacity, may in good <br />faith buy, sell, own, hold or deal in any of the Funding Loan and may join in any action that any Noteowner <br />may be entitled to take with like effect as if it were not the Fiscal Agent. The Fiscal Agent, in its commercial <br />banking or in any other capacity, may also engage in or be interested in any financial or other transaction <br />with the Borrower and may act as depository, Fiscal Agent or agent for any committee of Noteowners <br />secured hereby or other obligations of the Borrower, as freely as if it were not the Fiscal Agent hereunder. <br />The provisions of this paragraph shall extend to the affiliates of the Fiscal Agent. <br />(t) Whether or not expressly so provided, each and every provision of this Funding <br />Loan Agreement relating to the conduct or affecting the liability of or affording protection to the Fiscal <br />Agent is subject to the provisions of this Section. <br />Section 7.2 Compensation and Indemnification of Fiscal Agent; Fiscal Agent’s Prior <br />Claim. <br />(a) The Borrower Loan Agreement provides that the Borrower will pay the reasonable <br />fees and expenses of the Fiscal Agent under this Funding Loan Agreement and all other amounts which <br />may be payable to the Fiscal Agent under this Section, such fees and expenses to be paid when due and <br />payable by the Borrower directly to the Fiscal Agent for its own account. Except as set forth in Section <br />7.1(h) of this Funding Loan Agreement, the Fiscal Agent shall not have a lien on the Security for the <br />payment of its fees or expenses and shall not be entitled to pay its fees and expenses from amounts held in <br />the funds and accounts hereunder. <br />(b) The Borrower shall (i) pay the Fiscal Agent from time to time, and the Fiscal Agent <br />shall be entitled to, reasonable compensation (which shall not be limited by any provision of law in regard <br />to the compensation of a Fiscal Agent of an express trust), (ii) pay or reimburse the Fiscal Agent upon <br />request for all reasonable expenses, disbursements and advances incurred or made, in accordance with any <br />of the provisions of this Funding Loan Agreement and the Borrower Loan Agreement (including the <br />reasonable compensation and the reasonable expenses and disbursements of its Counsel and of all agents <br />and other persons not regularly in its employ), except to the extent that any such expense, disbursement or <br />advance is due to its own gross negligence, willful misconduct or bad faith, and (iii) indemnify the Fiscal <br />Agent for, and hold it harmless against, any loss, liability or expense incurred by it, arising out of or in <br />connection with the acceptance or administration of this Funding Loan Agreement or the trusts hereunder <br />or the performance of its duties hereunder or under the Borrower Loan Agreement, including the reasonable <br />costs and expenses of defending itself against or investigating any claim of liability in the premises, except <br />to the extent that any such loss, liability or expense was due to its own gross negligence, willful misconduct <br />or bad faith. “Fiscal Agent,” for purposes of this Section shall include any predecessor Fiscal Agent, but <br />the gross negligence, willful misconduct or bad faith of any Fiscal Agent, shall not affect the <br />indemnification of any other Person. The obligations of the Borrower under this Section shall survive the <br />termination of this Funding Loan Agreement. <br />Section 7.3 Intervention in Litigation. In any judicial proceedings to which the <br />Governmental Lender is a party, the Fiscal Agent may intervene on behalf of Noteowners, and shall
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