1979-001 - Laserfiche WebLink

Home Browse Search

Reserve Account the sum of Thirty-eight Thousand Four Hundred Dollars ($38,400) but not exceeding Three Hundred Twenty Dollars'" ($320) monthly. (C) Issuance of Other Obligations. The Issuer covenants and agrees that it will not issue any other obligations payable from or secured by the Pledged Funds or any part thereof unless the conditions set forth in Section 3.04(H) of the Original Instrument shall be met, or unless the lien of such obligations is junior and subordinate in all respects to the lien of the Bonds. (D) Compliance with Laws and Regulations. The Issuer covenants and agrees to perform and comply with, in every respect, the loan and grant agreements which it might have with the Government or with any other governmental agency and all applicable Federal and State Laws and regulations. (E) Remedies. Any holder of the Bonds or any coupons appertaining thereto issued under the provisions of this Instrument, or any trustee acting for the holders of such Bonds and coupons, may either at law or in equity, by suit, action, mandamus or other proceedings in any court of competent jurisdiction, pro- tect and enforce any and all rights, including the right to the appointment of a receiver, existing under the Laws of the State of Florida, or granted and contained in this Instrument, and may enforce and compel the performance of all duties required by this Instrument or by any applicable State or Federal statutes to be performed by the Issuer or by any officer thereof. Nothing herein, however, shall be construed to grant to any holder of such Bonds or coupons any lien on any real property of the Issuer. (F) Government Approval of Extensions and Financing. Anything herein to the contrary notwithstanding, while the Government is the holder of any of the Bonds, the Issuer will not borrow any money from any source or enter into any contract or agreement or incur any other liability in connection with making extensions of or improvements to the System, other than normal maintenance of the System, or permit others to do so, without -17-