Common use of COVENANTS OF THE AUTHORITY Clause in Contracts

COVENANTS OF THE AUTHORITY. Section 5.01. Performance of Covenants, Authority 26 Section 5.02. Laws, Permits and Obligations 27 Section 5.03. Tax Covenants 27 Section 5.04. Bonding and Insurance 27 Section 5.05. Other Liabilities 27 Section 5.06. Proper Books and Records 27 Section 5.07. Reporting Requirements 28 Section 5.08. Visitation and Examination 29 Section 5.09. Further Assurances 30 Section 5.10. Transfer of Senior Pledged Revenue to Custodian 30 Section 5.11. Additional Debt or Obligations; Subordinate Obligations 30 Section 5.12. Continued Existence 30 Section 5.13. Restructuring 30 Section 5.14. Authority Operations 30 Section 5.15. Administrative Expenses 30 Section 5.16. Material Adverse Action 30 Section 5.17. No Change in Senior Financing Documents; No Inconsistent Action 31 Section 5.18. Removal or Appointment of Agents 31 Section 5.19. References to Bank 31 Section 5.20. Termination of Agreement 31 Section 5.21. No Priority Claim 31 Section 5.22. Use of Proceeds 31 Section 5.23. Additional Covenants Related to Anti-Corruption Laws; PATRIOT Act 31

COVENANTS OF THE AUTHORITY. Section 5.01. Performance of Covenants, Authority 26 Section 5.02. Laws, Permits and Obligations 27 Section 5.03. Tax Covenants 27 Section 5.04. Bonding and Insurance 27 Section 5.05. Other Liabilities 27 Section 5.06. Proper Books and Records 27 Section 5.07. Reporting Requirements 28 27 Section 5.08. Visitation and Examination 29 Section 5.09. Further Assurances 30 Section 5.10. Transfer of Senior Pledged Revenue to Custodian 30 Section 5.11. Additional Debt or Obligations; Subordinate Obligations 30 Section 5.12. Continued Existence 30 Section 5.13. Restructuring 30 Section 5.14. Authority Operations 30 Section 5.15. Administrative Expenses 30 Section 5.16. Material Adverse Action 30 Section 5.17. No Change in Senior Financing Documents; No Inconsistent Action 31 Section 5.18. Removal or Appointment of Agents 31 Section 5.19. References to Bank 31 Section 5.20. Termination of Agreement 31 Section 5.21. No Priority Claim 31 Section 5.22. Use of Proceeds 31 Section 5.23. Additional Covenants Related to Anti-Corruption Laws; PATRIOT Act 31

COVENANTS OF THE AUTHORITY. Section 5.016.01. Performance Existence, Etc 34 Section 6.02. Maintenance of Covenants, Authority 26 Properties 34 Section 5.026.03. Laws, Permits and Obligations 27 Compliance with Laws 35 Section 5.036.04. Tax Covenants 27 Insurance 35 Section 5.046.05. Bonding and Insurance 27 Reports 35 Section 5.056.06. Other Liabilities 27 Section 5.06. Proper Maintenance of Books and Records 27 37 Section 5.076.07. Reporting Requirements 28 Access to Books and Records 37 Section 5.086.08. Visitation and Examination 29 Compliance with Documents 37 Section 5.096.09. Further Assurances 30 Rate Covenant 38 Section 5.10. Transfer of Senior Pledged Revenue to Custodian 30 Section 5.11. Additional Debt or Obligations; Subordinate Obligations 30 Section 5.12. Continued Existence 30 Section 5.13. Restructuring 30 Section 5.14. Authority Operations 30 Section 5.15. Administrative Expenses 30 Section 5.16. Material Adverse Action 30 Section 5.176.10. No Change in Senior Financing DocumentsImpairment 38 Section 6.11. Application of Bond Proceeds 38 Section 6.12. Trustee; Paying Agent 39 Section 6.13. Personnel 39 Section 6.14. Related Documents 39 Section 6.15. Liens; Judgments 39 Section 6.16. Conversions and Redemptions; No Inconsistent Action 31 Credit Enhancement 39 Section 5.186.17. Removal or Appointment of Agents 31 Disclosure to Participants, Purchaser Transferees and Non-Purchaser Transferees 40 Section 5.196.18. References to Bank 31 Other Agreements 40 Section 5.20. Termination of Agreement 31 Section 5.216.19. No Priority Claim 31 Immunity 41 Section 5.226.20. Investments 41 Section 6.21. Payment of Obligations 41 Section 6.22. Use of Proceeds 31 Purchaser’s Name 41 Section 5.236.23. Additional Covenants Related to AntiMaintenance of Tax-Corruption Laws; PATRIOT Act 31Exempt Status of Bonds 41 Section 6.24. Indebtedness 41 Section 6.25. Federal Reserve Board Regulations 41 Section 6.26. Underlying Rating 41 Section 6.27. Further Assurances. 41 Section 6.28. Pension Plans 42 Section 6.29. Ranking of Obligations 42 Section 6.30. Bond Insurance Policy 42 Section 6.31. EMMA Filing. 42

COVENANTS OF THE AUTHORITY. Section 5.015.1. Performance Punctual Payment 24 Section 5.2. Extension of Covenants, Payment of Authority 26 Bonds 24 Section 5.025.3. Laws, Permits Against Encumbrances 24 Section 5.4. Power to Issue Authority Bonds and Obligations 27 Make Pledge and Assignment 24 Section 5.035.5. Accounting Records and Financial Statements 24 Section 5.6. Tax Covenants 27 24 Section 5.045.7. Bonding and Insurance 27 No Parity Debt 25 Section 5.055.8. Other Liabilities 27 Reassessment Bonds 25 Section 5.065.9. Proper Books and Records 27 Sale of Reassessment Bonds 26 Section 5.075.10. Reporting Requirements 28 Continuing Disclosure 26 Section 5.08. Visitation and Examination 29 Section 5.095.11. Further Assurances 30 Section 5.10. Transfer of Senior Pledged Revenue to Custodian 30 Section 5.11. Additional Debt or Obligations; Subordinate Obligations 30 27 Section 5.12. Continued Existence 30 Small Issuer Exemption from Bank Nondeductibility Restriction 27 ARTICLE VI THE TRUSTEE Section 5.136.1. Restructuring 30 Appointment of Trustee 28 Section 5.146.2. Authority Operations 30 Acceptance of Trusts 28 Section 5.156.3. Administrative Fees, Charges and Expenses 30 Section 5.16. Material Adverse Action 30 Section 5.17. No Change in Senior Financing Documents; No Inconsistent Action of Trustee 31 Section 5.186.4. Notice to Bond Owners of Default 31 Section 6.5. Intervention by Trustee 31 Section 6.6. Removal or of Trustee 31 Section 6.7. Resignation by Trustee 31 Section 6.8. Appointment of Agents 31 Successor Trustee 32 Section 5.196.9. References to Bank 31 Merger or Consolidation 32 Section 5.206.10. Termination Concerning any Successor Trustee 32 Section 6.11. Appointment of Agreement 31 Co-Trustee 32 Section 5.216.12. No Priority Claim 31 Section 5.22. Use Indemnification; Limited Liability of Proceeds 31 Section 5.23. Additional Covenants Related to Anti-Corruption Laws; PATRIOT Act 31Trustee 33