Agmt15 City of RWC Public Financing Authority Water Revenue Refunding Bonds

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Section 5.03. Prosecution and Defense of Suits......................................................................... 26 Section 5.04. Accounting Records and Statements....................................................................26 Section 5.05. Further Assurances............................................................................................... 26 Section 5.06. Against Encumbrances........................................................................................ 26 Section 5.07. Punctual Payment.................................................................................................27 Section 5.08. Extension of Payment of Bonds............................................................................27 Section5.09. Tax Covenants......................................................................................................27 � Section 5.10. Power to Issue Bonds and Make Pledge and Assignment................................... 28 Section5.11. Payment of Claims................................................................................................ 28 Section 5.12. No Additional Obligations......................................................................................28 Section 5.13. Rebate of Excess Investment Earnings to United States.....................................28 Section 5.14. Books and Accounts; Financial Statements.......................................................... 29 Section 5.15. Installment Purchase Contract.............................................................................. 29 Section 5.16. Continuing Disclosure to Owners.......................................................................... 30 Section 5.17. Continued Existence of the Authoriry.................................................................... 30 ARTICLE VI DEFAULT AND LIMITATIONS OF LIABILITY Section 6.01. Events of Default................................................................................................... 30 Section 6.02. Other Remedies of the Trustee............................................................................. 31 Section6.03. Non-Waiver........................................................................................................... 31 Section 6.04. Remediss Not Exclusive....................................................................................... 32 Section 6.05. No Liability by the Trustee to the Owners............................................................. 32 Section 6.06. Limitation on Owners' Right to Bring Suit............................................................. 32 Section 6.07. Application of Funds Upon Default ....................................................................... 32 ARTICLE VII THE TRUSTEE Section 7.01. Trustee, Duties, Removal and Resignation .......................................................... 34 Section 7.02. Compensation of the Trustee................................................................................ 34 Section 7.03. Protection to Trustee............................................................................................. 35 Section7.04. Payment Limited................................................................................................... 37 Section 7.05. Merger or Consolidation........................................................................................ 37 Section 7.06. Funds and Accounts............................................................................................. 37 ARTICLE VIII AMENDMENT OF OR SUPPLEMENT TO TRUST AGREEMENT Section 8.01. Amendment or Supplement.................................................................................. 37 Section 8.02. Disqualified Bonds................................................................................................ 38 ARTICLE IX DEFEASANCE Section 9.01. Defeasance........................................................................................................... 39 Section 9.02. Unclaimed Moneys ...............................................................................................40 ARTICLE X MISCELLANEOUS Section 10.01. Benefits of Indenture Limited to Parties................................................................40 Section 10.02. Successor Deemed Included in all References to Predecessor...........................41 Section 10.03. Execution of Documents by Owners.....................................................................41 Section 10.04. Waiver of Personal Liability...................................................................................41 ii