Common use of COVENANTS OF THE AUTHORITY Clause in Contracts

COVENANTS OF THE AUTHORITY. Section 5.1. Punctual Payment 24 Section 5.2. Extension of Payment of Authority Bonds 24 Section 5.3. Against Encumbrances 24 Section 5.4. Power to Issue Authority Bonds and Make Pledge and Assignment 24 Section 5.5. Accounting Records and Financial Statements 24 Section 5.6. Tax Covenants 24 Section 5.7. No Parity Debt 25 Section 5.8. Reassessment Bonds 25 Section 5.9. Sale of Reassessment Bonds 26 Section 5.10. Continuing Disclosure 26 Section 5.11. Further Assurances 27 Section 5.12. Small Issuer Exemption from Bank Nondeductibility Restriction 27 Section 6.1. Appointment of Trustee 28 Section 6.2. Acceptance of Trusts 28 Section 6.3. Fees, Charges and Expenses of Trustee 31 Section 6.4. Notice to Bond Owners of Default 31 Section 6.5. Intervention by Trustee 31 Section 6.6. Removal of Trustee 31 Section 6.7. Resignation by Trustee 31 Section 6.8. Appointment of Successor Trustee 32 Section 6.9. Merger or Consolidation 32 Section 6.10. Concerning any Successor Trustee 32 Section 6.11. Appointment of Co-Trustee 32 Section 6.12. Indemnification; Limited Liability of Trustee 33

COVENANTS OF THE AUTHORITY. Section 5.16.01. Punctual Payment 24 Existence, Etc 34 Section 5.26.02. Extension Maintenance of Payment Properties 34 Section 6.03. Compliance with Laws 35 Section 6.04. Insurance 35 Section 6.05. Reports 35 Section 6.06. Maintenance of Authority Bonds 24 Books and Records 37 Section 5.36.07. Against Encumbrances 24 Access to Books and Records 37 Section 5.46.08. Power to Issue Authority Bonds and Make Pledge and Assignment 24 Compliance with Documents 37 Section 5.56.09. Accounting Records and Financial Statements 24 Section 5.6. Tax Covenants 24 Section 5.7. No Parity Debt 25 Section 5.8. Reassessment Bonds 25 Section 5.9. Sale of Reassessment Bonds 26 Section 5.10. Continuing Disclosure 26 Section 5.11. Further Assurances 27 Section 5.12. Small Issuer Exemption from Bank Nondeductibility Restriction 27 Section 6.1. Appointment of Trustee 28 Section 6.2. Acceptance of Trusts 28 Section 6.3. Fees, Charges and Expenses of Trustee 31 Section 6.4. Notice to Bond Owners of Default 31 Section 6.5. Intervention by Trustee 31 Section 6.6. Removal of Trustee 31 Section 6.7. Resignation by Trustee 31 Section 6.8. Appointment of Successor Trustee 32 Section 6.9. Merger or Consolidation 32 Rate Covenant 38 Section 6.10. Concerning any Successor Trustee 32 No Impairment 38 Section 6.11. Appointment Application of Co-Trustee 32 Bond Proceeds 38 Section 6.12. IndemnificationTrustee; Limited Liability 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 Credit Enhancement 39 Section 6.17. Disclosure to Participants, Purchaser Transferees and Non-Purchaser Transferees 40 Section 6.18. Other Agreements 40 Section 6.19. No Immunity 41 Section 6.20. Investments 41 Section 6.21. Payment of Trustee 33Obligations 41 Section 6.22. Use of Purchaser’s Name 41 Section 6.23. Maintenance of Tax-Exempt 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 5.15.01. Punctual Payment 24 Performance of Covenants, Authority 26 Section 5.25.02. Extension of Payment of Authority Bonds 24 Laws, Permits and Obligations 27 Section 5.3. Against Encumbrances 24 Section 5.4. Power to Issue Authority Bonds and Make Pledge and Assignment 24 Section 5.5. Accounting Records and Financial Statements 24 Section 5.65.03. Tax Covenants 24 27 Section 5.75.04. No Parity Debt 25 Bonding and Insurance 27 Section 5.85.05. Reassessment Bonds 25 Other Liabilities 27 Section 5.95.06. Sale of Reassessment Bonds 26 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. Continuing Disclosure 26 Transfer of Senior Pledged Revenue to Custodian 30 Section 5.11. Further Assurances 27 Additional Debt or Obligations; Subordinate Obligations 30 Section 5.12. Small Issuer Exemption from Bank Nondeductibility Restriction 27 Continued Existence 30 Section 6.15.13. 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 Trustee 28 Section 6.2. Acceptance of Trusts 28 Section 6.3. Fees, Charges and Expenses of Trustee Agents 31 Section 6.45.19. Notice References to Bond Owners of Default Bank 31 Section 6.55.20. Intervention by Trustee Termination of Agreement 31 Section 6.65.21. Removal of Trustee No Priority Claim 31 Section 6.75.22. Resignation by Trustee Use of Proceeds 31 Section 6.85.23. Appointment of Successor Trustee 32 Section 6.9. Merger or Consolidation 32 Section 6.10. Concerning any Successor Trustee 32 Section 6.11. Appointment of CoAdditional Covenants Related to Anti-Trustee 32 Section 6.12. IndemnificationCorruption Laws; Limited Liability of Trustee 33PATRIOT Act 31

COVENANTS OF THE AUTHORITY. Section 5.15.01. Punctual Payment 24 Performance of Covenants, Authority 26 Section 5.25.02. Extension of Payment of Authority Bonds 24 Laws, Permits and Obligations 27 Section 5.3. Against Encumbrances 24 Section 5.4. Power to Issue Authority Bonds and Make Pledge and Assignment 24 Section 5.5. Accounting Records and Financial Statements 24 Section 5.65.03. Tax Covenants 24 27 Section 5.75.04. No Parity Debt 25 Bonding and Insurance 27 Section 5.85.05. Reassessment Bonds 25 Other Liabilities 27 Section 5.95.06. Sale of Reassessment Bonds 26 Proper Books and Records 27 Section 5.07. Reporting Requirements 27 Section 5.08. Visitation and Examination 29 Section 5.09. Further Assurances 30 Section 5.10. Continuing Disclosure 26 Transfer of Senior Pledged Revenue to Custodian 30 Section 5.11. Further Assurances 27 Additional Debt or Obligations; Subordinate Obligations 30 Section 5.12. Small Issuer Exemption from Bank Nondeductibility Restriction 27 Continued Existence 30 Section 6.15.13. 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 Trustee 28 Section 6.2. Acceptance of Trusts 28 Section 6.3. Fees, Charges and Expenses of Trustee Agents 31 Section 6.45.19. Notice References to Bond Owners of Default Bank 31 Section 6.55.20. Intervention by Trustee Termination of Agreement 31 Section 6.65.21. Removal of Trustee No Priority Claim 31 Section 6.75.22. Resignation by Trustee Use of Proceeds 31 Section 6.85.23. Appointment of Successor Trustee 32 Section 6.9. Merger or Consolidation 32 Section 6.10. Concerning any Successor Trustee 32 Section 6.11. Appointment of CoAdditional Covenants Related to Anti-Trustee 32 Section 6.12. IndemnificationCorruption Laws; Limited Liability of Trustee 33PATRIOT Act 31