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

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such date,or for two(2)years after the date of deposit of such money if deposited with the Trustee after the date when such payments became due and payable,shall bc repaid by the Trustee to the Port as its absolute properiy and free from trust,and the Trustee shali thereupon be released and discharged with respect thereto and the Owners shall look only to the Port for the making o1'such payments;provided, that before being required to make any such payment to the Port,the Trustee shall,upon receipt of'a Written Request of the Port,cause to be mailed to the Owners of such Bonds(at the expense of the Port)at their addresses as they appear in the registration books maintained under Section 2.8 hereof p notice that such money remains unclaimed and that,after a date named in such noticc,which date shall not be less than thirty(30)days after the date of the mai ling of such notice,the balance of such money then unclaimed will be returned to the Port. ARTICLE IX MISCELLANEOUS Section 9.1. Liability of Port Limited to Net Revenues and Other Monevs. Notwithstanding anything contained herein, the Port shall not be required to advance any money derived from any source of income other than the Net Revenues and the other moneys ps provided herein for the payment of the interest un or the principal of'or the redemption premiums, if any, on the Bonds or for thc observance or performance of any agreements.conditions,covenants or terms contained hercin. Thc Port may,however,advance funds for any such purpose,provided that such funds are derived from a source tegally available for such purpose. The Bonds are limited obligations of the Pori and are payable, as to interest thereon and principal thereof and redemption premiums, if any,thereon, exclusively from the Net Revenues and such other funds as provided hereunder, and the Port is not obligated to pay them except from the Net Revenucs and such other funds. Ap of the Bonds nre equally secured by a pledge of,and charge and lien upon,all of the Net Revenues,and the Net Revenues constitute a trust fund for the security and payment of the interest on and the principal of and redemption premiums, if any, on the Bonds as provided herein. Neither the faith and credit nor the taxing power of the State of California or any public agency thereof is pledged to the payment of the Bonds. The Bonds do not consiitute a debt, liability or obligation of tht State of California or any public ag�ncy thereof(other than the Aort),and neither the commissioners of ihe Board nor any persons executing the Honds are liable personally on the Bonds by reason of their issuance. Section 9.2. Benefits of Indenture Limited to Certain Parties. Nothing herein,expressed or implied,is intended to give to any person other than the Port,the Bond lnsurers(if any),the Trustee, and the Owners any right, remedy or claim under or by reason hereof. Any agreements,conditions, covenants or terms hereof required to be observed or performed by and on behalf of the Port or any director,oflicer or employee thereof sha11 be for the sole and exclusive benefit of the Trustee and the Bond lnsurers(if any)and the Owners,and to the extent the Indenture confers upon or gives or grants to any Bond Insurer cmy right,remedy or claim under or by reason hereof,such Bond lnsurer is hereby explicitly recognized as being a third party beneficiary hereunder and may enforce any such right, remedy or claim conferred upon or given or granted hereunder. 12094.912293 t.0005 45