Certain Rights and Obligations of the Trustee. Except as otherwise provided in Section 6.1 hereof:
(a) The Trustee (i) may execute any of the trusts or powers hereof and perform any of its duties by or through attorneys, agents, receivers or employees (but shall be answerable therefor only in accordance with the standard specified in Section 6.1 above), (ii) shall be entitled to the advice of counsel concerning all matters of trusts or powers hereof and duties hereunder, and (iii) may pay reasonable compensation in all cases to all of those attorneys, agents, receivers and employees reasonably employed by it in connection with the trusts hereof.
(b) Except as may be required of it in its capacity as assignee of the Corporation under the Purchase and Use Agreement or as specifically provided for elsewhere herein, the Trustee shall not be responsible for:
(i) any recital in this Trust Agreement or the Bonds or any information in any offering memorandum of other disclosure material,
(ii) the validity, priority, perfection, recording, rerecording, filing or refiling of this Trust Agreement or any Supplemental Agreement (or any assignment agreement related hereto or thereto), the Purchase and Use Agreement or the Base Lease or any financing statement with respect to the Trust Estate,
(iii) any instrument or document of further assurance or collateral assignment,
(iv) the initial filing of financing statements,
(v) insurance of any of the Facilities or the 2017 Real Property or collection of insurance moneys,
(vi) the validity of the execution by the Corporation of this Trust Agreement, any Supplemental Agreement or instruments or documents of further assurance,
(vii) the sufficiency of the security for the Bonds executed and delivered hereunder or intended to be secured hereby,
(viii) the value of or title to the Facilities or the 2017 Real Property, or
(ix) the maintenance of the security hereof, except that, in the event that the Trustee enters into possession of a part or all of the Facilities or the 2017 Real Property pursuant to any provision of the Purchase and Use Agreement or any other instrument or document collateral thereto, the Trustee shall use due diligence in preserving that property. The Trustee shall not be bound to ascertain or inquire as to the observance or performance of any covenants, agreements or obligations on the part of the Corporation or the City under the Purchase and Use Agreement except as set forth hereinafter; but the Trustee may require of the Corporation or the City full...
Certain Rights and Obligations of the Trustee. Except as otherwise provided in
Certain Rights and Obligations of the Trustee. Except as otherwise provided in Section 5.01 hereof:
(a) The Trustee (i) may execute any of the trusts or powers hereof and perform any of its duties by or through attorneys, agents, receivers or employees (but shall be answerable therefor only in accordance with the standard specified above),
