1983-102 - Laserfiche WebLink

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ART I CI,!~ V [ COVENANTS BY THE ISSU~R The Issuer, for itself, its successors and assigns, covenants ;i.n d agrees with the Trus~ .. ~-~ ,.nd the holders from time to time of the Bonds as follows: Section 6.1 To Pay Principal, Premium and Interest of Bond s. Solely from the Revenues and ~ther funds pledged here- under, the Issuer wil l duly and punc~ually pay, or cause to be duly and punctua lly paid, the principal of and the interest and redemption premium, if any, on each and every l3ond at the place, on the dates and in the manner provided in this Indenture and in the Bonds, according to the true intent and meaning of this Indenture and of the Bonds. Section 6.2 Acquisition of Project. The Issue r will cause the Borrower to complete acguisition, construction and equipment of the Pro j ect with due dilig ence. All money der ived from the sale of the Bonds shall. be used so l ely for the purpose !:or which the same are au t horized un<ler thi.s Indenture and not otherwi se . Section 6, 3 Cooperation 1o/ith 13orrower , 'rhe Is suer will cooperate wi th the 0orrower to ~he end tha t the Pro ject 1nay be placed in operation at the ear liest poss ible time, and thereaEter be operated by the Borrower in the most successful and productive man ner possible . Section 6. 4 Covenants and Repr esentat ions. 'l'he Iss uer covenants that it will faithfully perform at all times any and all covenants, undertaking s , stipulations and provisions con- tained in this Indenture, and in any □and execu ted, authenticated and delivered hereunder. The Is s uer covenants that it is duly authorized un<ler the laws of the State to issue the Bonus authorized hereby and to execu te .-:m<l d eliver this I1vJenture an<l the Loan Agreement and to assign the Loan /\greement (inel.uding the Mort·,Jage and Security Interest creilt.eu thereby) and pledge the Revenues anu other amounts h~reby pledged in the manner and to the extent here in set forth; tha t . all act.ion on its part for the issuance of the 13onds an<l Llelivery of the Loan Ag reement. h,:13 been duly and effectively taken; and that the 13onus in the h.inds of the O1-mers ther eof are and will be va l id a nd enforceable spe- cial obliga tions of the Issuer according to the import thereof. Section 6 . 5 Riqht to l~in:i.nce Project; [ns tnuncnts rJf Further Assurance; Reconlinq of Lnstru me nts. The Issuer ;::ave- -44-