1987-139 - Laserfiche WebLink

Home Browse Search

• Section 8.06. Rights and Remedies of Issuer. All rights and remedies given or granted to the Issuer in this Loan Agreement and the Note are cumulative, nonexclusive and in addition to any and all rights and remedies that the Issuer may have or be given by reason of any law, statute, ordinance or otherwise. Section 8.07. Amendment of Loan Agreement and Note. This Loan Agreement and the Note may be amended only by written agreement of the parties hereto executed pursuant to a Supplemental Indenture entered into and consented to (if required) as provided in the Indenture. Section 8.08. �jounteroarts. This Loan Agreement may be executed in any number of counterparts, each of which, when so executed and delivered, shall be an original; but such counterparts together shall constitute but one and the same Loan Agreement. Section 8.09. Severability. I£ any clause, provision or section of this Loan Agreement is held illegal or invalid by any court, the invalidity of such clause, provision or section shall not affect any of the remaining clauses, provisions or sections hereof, and this Loan Agreement shall be construed and enforced as if such illegal or invalid clause, provision or section had not been contained herein. In case any agreement or obligation contained in this Loan Agreement is held to be in violation of law, such agreement or obligation shall nevertheless be determined to be the agreement or obligation of the Issuer or the Borrower, as the case may be, to the full extent permitted by law. Section 8.10. Assignment of Loan Agreement and Note by Issuer. The Issuer has assigned its rights under and interest in this Loan Agreement and the Note, and has pledged and assigned any payments, receipts and revenues receivable under or pursuant to this Loan Agreement and the Note, and income earned on the investment of funds authorized under the Indenture, as provided in the Indenture, to the Trustee pursuant to the Indenture as security for payment of the principal or Redemption Price of and the interest on, and the purchase price of, the Bonds, but such assignment and pledge is subject to this Loan Agreement and accepts the rights of the Issuer to indemnification under this Loan Agreement and to payments -to the Issuer for Administrative Expenses incurred by the Iss4er and remedies in connection therewith. Except as provided in this Section 8.10 and in the Indenture, the issuer will not sell, assign, transfer, convey or otherwise dispose of its interest in the Revenues during the term of this Loan Agreement and the Note, including (without limitation) any income earned on the investment of funds under the Indenture. Section 8.11. Governing Law. This Loan Agreement is executed and delivered with the intent that the laws of the State (including, without limitation, the Act) shall govern. Section 8.12. Registrar and Paying Agent as Beneficiary. Insofar as any provisions of this Loan Agreement Obligate any party to make payments to the Registrar and Paying Agent or otherwise impose on any party duties and - 26 -