1983-102 - Laserfiche WebLink

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First, to the pay:nent of all amounts for which the Tr~st~c has~ lien under Section 10,7 and all expenses in r,r.ast.?rvin~, :naintaining and insucing the Project. 3econd, to the payment of the amounts then due and unpaiJ upon the Bonds for principal, pcemium, if any, and i:1tt?rest., in cespect of which or for the benefit of which such money has been collected, ratably, without pref~rence or priority of ~ny ~ind, 3ccording to the amounts due and payable on such Jonds, for principal, premium, if any, Jnd interest, respect1·1ely, ·r-hir1, to the payment of the remainder, if any, to the !$su~r, its successors or assigns or to whomsoever may be t...iwc·.Jl.lJ 1.mc.itled to receive the same or as u court of competent Jurisdiction may direct, 3~ction 9.8 Bondholders ~eed Not ~e Joined. ~11 rights or .;.:tion ( including the right to file proof of claims) under -c.:1L; ~nJ<Jnc.ure or under any of the Bonds may be prosecuted and ~n::occe,1 'oy the Trustee without the possession of any of the ilo1uls Jr the production thereof in any trial or other proceedings r~l~t.i.~~ thereto, and any such suit or proceeding instituted by tnt? :'r:.i!>tee shall be brought in its name as trustee of an express trust ~ichout the necessity of joining as plaintiffs or defen- dants ~ny holders of the Bonds, ancl any recovery shall (after provi::;i,Jn Ear t:.he payment of the reasonable compensation, (!:<;Jl:!nscs, ,lisbursements and advances of the Trustee, its agents ."lnd counsel) be for the ratable benefit of the holders of the 0ut~t~nJin~ Bonds in respect of which such judgment has been r~cor.:leu, Section 9,9 Right of Bondholuers to Direct Proceeding~. The holJers of a majority in aggregate principal amount of the Out~t.'.l.n:li:q :lon:.ls sh;il l have the ri']ht to clirect the time, method ."lnd rl~ce of conducting any proceeding for any remedy available to the rr:.istae or of exercising any trust or power conferred on tht? ·:-rastee: providecl, that ( l) such direction shall not be in conflict with any rule or law or this Indenture, (2) the Trustee slnll le!tC!r:nine, upon advice of counsel, that the action so ..lir:?ct.ed ·,mulJ not be unjustly prejudicial to the holders not t.:i.ki~'J p.:irt in such J.irection, and (3) the Trustee may take any othi?r -1ction o.leemetl pr.oper by the Trustee which is not incon- sistt?nt ~ith such direction. 3ection 9,10 Limitation on Suits by Bondholders. No holJer 'JC .:iny Bond sh<1ll h."lV!:! .:iny right to instic.ute an'I procecJin~, ju<.licial or otherwise, with respect to this -57-