Agenda - Council - 08/13/2013 - Laserfiche WebLink

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from their willful, malicious or negligent acts, and upon notice from the Issuer, the Company shall defend the Issuer, its officials or employees in any such action or proceeding. (c) The Company's covenants in this Section 7.3 shall survive the payment of the Bonds, the termination of the Indenture, the termination of this Agreement, and the resignation or removal of the Trustee. Section 7.4 Redemption of Bonds. The Company shall have and is hereby granted the option to prepay from time to time the amounts payable under this Agreement in sums sufficient to redeem or to pay or cause to be paid all or part of the Bonds in accordance with the provisions of the Indenture. Upon the agreement of the Company to deposit moneys in the Bond Fund in an amount sufficient to redeem Bonds subject to redemption, the Issuer, at the request of the Company, shall forthwith take all steps (other than the payment of the money required for such redemption) necessary under the applicable redemption provisions of the Indenture to effect redemption of all or part of then Outstanding Bonds, as may be specified by the Company, on the date established for such redemption. Section 7.5 Maintenance of Security Interest. (a) The Company will, at its expense, take all necessary action to maintain and preserve the lien and security interest of the Mortgage so long as any Bond is Outstanding. (b) The Company covenants that, except for Permitted Encumbrances, it will not mortgage, grant a deed of trust lien upon (other than the Mortgage), pledge, grant a security interest in, or make an assignment of any of its revenues or property, including without limitation its accounts, contract rights, general intangibles or the proceeds of any thereof or any of the Mortgaged Property or the proceeds thereof. (The remainder of this page is intentionally left blank.) 32 5600%1v1