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40 <br />ARTICLE X <br />The Registrar and Paying Agent: <br />The Remarketing Agent <br />Section 10.01. The Registrar and Paying Agent. <br />(a) The Registrar and Paying Agent and any successor Registrar and <br />Paying Agent shall accept the duties and obligations imposed on it under <br />this Indenture by written instrument delivered to the Trustee as agent for <br />the Issuer. <br />(b) In addition to the other obligations imposed on the Registrar <br />and Paying Agent hereunder, the Registrar and Paying Agent shall: <br />(i) hold all Bonds delivered to it on any Tender Date in <br />trust for the benefit of the owners thereof until the purchase <br />price of such Bonds shall have been delivered to or for the <br />account of or to the order of such owners; <br />(ii) hold the purchase price of any Bonds in trust for <br />the benefit of the persons entitled to receive the payment of <br />such purchase price; <br />(iii) keep such books and records as shall be consistent <br />with prudent industry practice, which books and records shall <br />be available for inspection by the Issuer, the Borrower and <br />the Trustee during normal business hours; <br />(iv) deliver to the Issuer, the Borrower and the Trustee <br />upon request, and to any other person at the written request <br />of the holders of not less than five percent of the Bonds, a <br />list of the names and addresses of the Bondholders; and <br />(v) hold Credit Facility Bonds for the benefit of the <br />Credit Facility Provider upon the written request of the <br />Credit Facility Provider. <br />(c) If at any time the Registrar and Paying Agent is unable or <br />unwilling to act as Registrar and Paying Agent, the Registrar and Paying <br />Agent may resign, upon 60 days' prior written notice to the Issuer, the <br />Borrower, NHC, the Trustee, the Remarketing Agent and the Credit Facility <br />Provider. The Registrar and Paying Agent may be removed at any time by <br />the Trustee, on behalf of the Issuer, at the written request of an <br />Authorized Officer of the Borrower and N11C, by written notice signed by an <br />Authorized Officer of the Trustee and delivered to the Trustee, the <br />Registrar and Paying Agent, the Remarketing Agent and the Credit Facility <br />Provider. Upon resignation or removal of the Registrar and Paying Agent, <br />the Trustee, on behalf of the Issuer, shall appoint a successor Registrar <br />and Paying Agent, satisfactory to the Borrower and NHC, which shall be a <br />commercial bank or trust company or a national banking association <br />- 60 - <br />