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<br />ii <br />Section 5.07. Punctual Payment ................................................................................................... 24 <br />Section 5.08. Extension of Payment of Bonds ............................................................................... 24 <br />Section 5.09. Tax Covenants ........................................................................................................ 25 <br />Section 5.10. Power to Issue Bonds and Make Pledge and Assignment ....................................... 25 <br />Section 5.11. Payment of Claims .................................................................................................. 26 <br />Section 5.12. No Additional Obligations ........................................................................................ 26 <br />Section 5.13. Rebate of Excess Investment Earnings to United States ......................................... 26 <br />Section 5.14. Books and Accounts; Financial Statements ............................................................. 27 <br />Section 5.15. Installment Purchase Contract ................................................................................. 27 <br />Section 5.16. Continuing Disclosure to Owners............................................................................. 27 <br />Section 5.17. Continued Existence of the Authority ....................................................................... 27 <br />ARTICLE VI <br />DEFAULT AND LIMITATIONS OF LIABILITY <br />Section 6.01. Events of Default ..................................................................................................... 28 <br />Section 6.02. Other Remedies of the Trustee ............................................................................... 29 <br />Section 6.03. Non-Waiver ............................................................................................................. 29 <br />Section 6.04. Remedies Not Exclusive .......................................................................................... 29 <br />Section 6.05. No Liability by the Trustee to the Owners ................................................................ 29 <br />Section 6.06. Limitation on Owners’ Right to Bring Suit ................................................................. 30 <br />Section 6.07. Application of Funds Upon Default .......................................................................... 30 <br />ARTICLE VII <br />THE TRUSTEE <br />Section 7.01. Trustee, Duties, Removal and Resignation .............................................................. 31 <br />Section 7.02. Compensation of the Trustee .................................................................................. 32 <br />Section 7.03. Protection to Trustee ............................................................................................... 32 <br />Section 7.04. Payment Limited ...................................................................................................... 34 <br />Section 7.05. Merger or Consolidation .......................................................................................... 35 <br />Section 7.06. Funds and Accounts ................................................................................................ 35 <br />ARTICLE VIII <br />AMENDMENT OF OR SUPPLEMENT TO TRUST AGREEMENT <br />Section 8.01. Amendment or Supplement ..................................................................................... 35 <br />Section 8.02. Disqualified Bonds ................................................................................................... 36 <br />ARTICLE IX <br />DEFEASANCE <br />Section 9.01. Defeasance ............................................................................................................. 36 <br />Section 9.02. Unclaimed Moneys .................................................................................................. 38 <br />ARTICLE X <br />MISCELLANEOUS <br />Section 10.01. Benefits of Indenture Limited to Parties ................................................................. 38 <br />Section 10.02. Successor Deemed Included in all References to Predecessor ............................. 38 <br />Section 10.03. Execution of Documents by Owners ...................................................................... 38 <br />Section 10.04. Waiver of Personal Liability ................................................................................... 39 <br />Section 10.05. Acquisition of Bonds by the Authority .................................................................... 39 <br />Section 10.06. Content of Certificates ........................................................................................... 39 <br />Section 10.07. Notice by Mail ........................................................................................................ 39 <br />Section 10.08. Funds .................................................................................................................... 39 <br />Section 10.09. Investments ........................................................................................................... 40 <br />Section 10.10. Article and Section Headings, Gender and References ......................................... 41 <br />Section 10.11. Partial Invalidity ..................................................................................................... 41 <br />Section 10.12. California Law ........................................................................................................ 41 <br />Section 10.13. Notices .................................................................................................................. 41 <br />8.C. - Page 110