Agmt15 Raymond James and Assoc. Port of RWC sale of refunding bonds

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of its fees, charges and expcnses shall survive its resignation or rcmoval and finat payment or defeasance of the Bonds. Section S.Z. Liability of Trustee. The recitals of facts,agreements and covenants contained herein and in the Bonds shall be taken as statements,a�reements and covcnants of the Port,and the Trustec docs not assume any responsibilityfor the correctnessof the same,or make any representation as to the validity or suf�iciency hereof or of the Bonds, the adequacy of any security afForded thereunder,or the correctness or complcteness of any information contained in any offering materials distributed in connection with the sale of the Bonds,or incur any responsibility in respect of any of the foregoing,other than in connection with the dutics or obligations herein or in thc Bonds explicitly assigned to or imposed upon it. The Trustee shall not be liable in connection with the performance oF its duties hercunder,except for its own negtigence or willful misconduct. • The Trustee shall be under no obligation to exercise any of the rights or powers vested in it hereunder at the request or direction of any Owner pursuant hereto unless such Owner shall have offered to the Trustee security or indemnity satisfactory to the Trustee against the costs, expenses and liabilities which might be incurred by it in cornpliance K�ith such request or direction. Except during the continuance of an Event of Default, (a) thc Trustee undertakes to perform such duties and only such duties as are specifically set forth herein and no implied covenants or obligations shall be read herein abainst the Trustee;and (b) in the absence of negligence or willful misconduct on its part.the Trustec may conclusively rely,as to the truth of the statementsand the correctness of the opinions expressed thcrcin, upon certificatesor opinions furnished to the Trustee and conforming to the requirements hereof,and shall be under no duty to make any invesiigationor inquiry into such matters. fn case an Event of Default has occurred and is then continuing, the Trustee shal) exercise such rights and powers vested in it hcreby, and use the same degree of care and skill in thcir exercise,as a prudent man would exercise or use under the circumstances in the conduct of his own affairs. The Trustee in its individual or other capacity muy become the owner or pledgee of the Bonds with the same rights it would have if it were not the Trustee. The Trustee shall not be deemed to have knowledge of nny Event of Default (other than a payment default hereunder)until it has actual knowledge that an Event of Default has occurred. The Trustee shall not be bound to ascertain or inquire as to the performance or observance by any other • party of any of the agreements, conditions, covenants or terms hereof or of eny of the documents executed in connection with the Donds. No provision of this Indenture shall require the Trustee to expend or risk its own funds or otherwise incur any(inancie!liability in the performance of any duties hcreunder. 1I094.9�22931.00Oi 3$