Agenda - Council - 07/12/2022 - Laserfiche WebLink

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profit) irrespective of whether the Trustee has been advised of the likelihood of such loss or damage and regardless of the form of action. (h) The Trustee shall not be required to take notice or be deemed to have notice of any Event of Default hereunder or under any Security Document except failure by the Issuer to cause to be made any of the payments to the Trustee required to be made by Section 4.1 of this Indenture, or payments to the Trustee under the Loan Agreement,unless the Trustee shall be specifically notified in writing of such Event of Default by the Issuer, the Company,the Charter School or by the Majority Bondholder(s), and all notices or other instruments required by this Indenture to be delivered to the Trustee, must, in order to be effective, be delivered at the Trustee's address specified in or pursuant to Section 12.5 of this Indenture, and in the absence of such notice so delivered the Trustee may conclusively assume there is no Event of Default except as aforesaid. (i) At any and all reasonable times the Trustee and its duly authorized agents, attorneys, experts, engineers, accountants, and representatives, shall have the right to inspect fully any and all of the Trust Estate, including all assets secured by any Security Document, including books and records of the Issuer or the Company pertaining to the School Facilities and the Bonds, and to make such copies and memoranda from and with regard thereto as may be desired. 0) The Trustee shall not be required to give any bond or surety in respect of the execution of the said trusts and powers or otherwise in respect of the premises. (k) Notwithstanding anything in this Indenture contained, the Trustee shall have the right, but shall not be required, to demand in respect of the authentication of any Bonds, the withdrawal of any cash, the release of any property or any action whatsoever within the purview of this Indenture or any Security Document, the Trustee shall have the right, but shall not be required, to demand any showings, certificates, opinions, appraisals or other information, or corporate action or evidence thereof, in addition to that by the terms hereof or thereof required as a condition of such action, by the Trustee deemed desirable for the purpose of establishing the right of the Issuer to the authentication of any Bonds, the withdrawal of any cash or the taking of any other action by the Trustee. (1) Before taking any action pursuant to Article VIII (except with respect to acceleration of the Bonds), the Trustee may require that indemnity satisfactory to it be furnished for the reimbursement of all expenses to which it may incur(including costs and expenses of its agents and counsel) and to protect it against all risk and liability, except liability which is adjudicated to have resulted from its gross negligence or willful misconduct in connection with any such action. In entering into and performing any duties and obligations under the Security Documents to which the Trustee is a party or assignee of a party, the Trustee shall be entitled to the protections of this Indenture, including without limitation, the protections, immunities, limitations from liability, and indemnification accorded to the Trustee hereunder. Nothing in this Indenture or any Security Document shall require the Trustee to expend or risk its own funds or otherwise incur any financial liability in the performance of any of its duties or in the exercise of any of its rights or powers hereunder. 64 735810810