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ARTICLE IV
<br />GENERAL COVENANTS
<br />Section 4.01 Payment of Principal, Premium, ifAny, and Interest. The Issuer covenants that
<br />it will promptly pay or cause to be paid the principal of, premium, if any, and interest on every Bond
<br />issued under this Indenture at the place, on the dates and in the manner provided herein and in said Bonds
<br />according to the true intent and meaning thereof, but solely from the Tntst Estate and from amounts paid
<br />upon an Event of Default, from the Mortgage. The principal of, premium, if any, and interest on the
<br />Bonds (except to the extent paid out of moneys attributable to the proceeds derived from the sale of the
<br />Bonds or to income from the temporary investment thereof and, under certain circumstances, to proceeds
<br />from insurance and condemnation awards) are payable solely from the amounts to be paid under the Loan
<br />Agreement and otherwise as provided herein and in the Loan Agreement and, under the Mortgage,
<br />pursuant to its terms, and the amounts under the Loan Agreement arc hereby specifically pledged to the
<br />payment thereof in the manner and to the extent herein specified, and nothing in the Bonds or in this
<br />Indenture shall be construed as pledging any other funds or assets of the Issuer. Neither the State nor the
<br />Issuer nor any political subdivision of the State shall in any event be liable for the payment of the
<br />principal of, premium, if any, or interest on any of the Bonds or for the performance of any pledge,
<br />obligation or agreement undertaken by the Issuer except to the extent of moneys pledged herein are
<br />sufficient therefor.
<br />THE BONDS AND THE INTEREST THEREON SHALL NEVER CONSTITUTE THE DEBT
<br />OR INDEBTEDNESS OF THE ISSUER OR THE CITY WITHIN THE MEANING OF ANY
<br />PROVISION OR LIMITATION OF THE STATE CONSTITUTION OR STATUTES, AND SHALL
<br />NOT CONSTITUTE NOR GIVE RISE TO A PECUNIARY LIABILITY OF THE ISSUER OR THE
<br />CITY OR A CHARGE AGAINST ITS GENERAL CREDIT OR TAXING POWERS.
<br />Section 4.02 Performance of Covenants; Issuer. The Issuer covenants that it will faithfully
<br />perform or cause to be performed at all times any and all covenants, undertakings, stipulations and
<br />provisions contained in this Indenture and in the Loan Agreement, in any and every Bond executed,
<br />authenticated and delivered hereunder and in all of its proceedings pertaining hereto. The Issuer
<br />covenants that it is duly authorized under the Constitution and laws of the State to execute this Indenture,
<br />to assign the Loan Agreement and to pledge the amounts to be paid under the Loan Agreement and other
<br />amounts hereby pledged in the manner and to the extent herein set forth and that all action on its part for
<br />the issuance of the Bonds and the execution and delivery of this Indenture has been duly and effectively
<br />taken.
<br />Section 4.03 Instruments of Further Assurance. The Issuer will do, execute, acknowledge
<br />and deliver or cause to be done, executed, acknowledged and delivered, such indentures supplemental
<br />hereto and such further acts, instruments and transfers required for the better assuring, transferring,
<br />conveying, pledging, assigning and confirming unto the Trustee all and singular the amounts pledged
<br />hereby to the payment of the principal of, premium, if any, and interest on the Bonds. The Issuer, except
<br />as herein and in the Loan Agreement and the Mortgage provided, will not sell, convey, mortgage,
<br />encumber or otherwise dispose of any part of the Schoolhouse, the amounts, revenues and receipts
<br />payable under the Loan Agreement or its rights under the Loan Agreement.
<br />Section 4.04 Recording and Filing. The Company has covenanted in the Loan Agreement
<br />that it will cause all financing statements (including continuation statements, but excluding the initial
<br />financing statements dated as of the date of issue which will be filed by Bond Counsel) related to this
<br />Indenture and all supplements thereto and the Loan Agreement and all supplements thereto, as well as the
<br />Mortgage and such other security agreements, financing statements and all supplements thereto and other
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