Common use of EVENTS OF DEFAULT AND REMEDIES OF OBLIGATION OWNERS Clause in Contracts

EVENTS OF DEFAULT AND REMEDIES OF OBLIGATION OWNERS. Section 11.1. Seller’s Rights held in Trust 34 Section 11.2. Remedies Upon Default; No Acceleration 35 Section 11.3. Application of Funds 35 Section 11.4. Institution of Legal Proceedings 35 Section 11.5. Non-waiver 35 Section 11.6. Power of Trustee to Control Proceedings 36 Section 11.7. Limitation on Obligation Owners’ Right to Xxx. 36 ARTICLE XII MISCELLANEOUS Section 12.1. Defeasance. 37 Section 12.2. Notices 38 Section 12.3. Incorporation of State Statutes. 38 Section 12.4. Governing Law 39 Section 12.5. Binding Effect and Successors. 39 Section 12.6. Execution in Counterparts 39 Section 12.7. Destruction of Cancelled Obligations 39 Section 12.8. Headings 39 Section 12.9. Parties Interested Herein 39 Section 12.10. Waiver of Notice 40 Section 12.11. Severability of Invalid Provisions 40 EXHIBIT FORM OF OBLIGATION Page 1 of Exhibit * * * SECOND TRUST AGREEMENT THIS SECOND TRUST AGREEMENT, dated as of 1, 2016 (together with any duly authorized, executed and delivered supplement thereto, this “Trust Agreement”), by and between U.S. BANK NATIONAL ASSOCIATION, a national banking association, as trustee, or any successor thereto acting as trustee pursuant to this Trust Agreement and in its capacity as “Seller” pursuant to the hereinafter described Purchase Agreement (the “Trustee”), and the CITY OF AVONDALE, ARIZONA, a municipal corporation under the laws of the State of Arizona (the “City”);

EVENTS OF DEFAULT AND REMEDIES OF OBLIGATION OWNERS. Section 11.1. Seller’s Rights held Held in Trust 34 38 Section 11.2. Remedies Upon Default; No Acceleration 35 38 Section 11.3. Application of Funds 35 38 Section 11.4. Institution of Legal Proceedings 35 39 Section 11.5. Non-waiver 35 39 Section 11.6. Power of Trustee to Control Proceedings 36 39 Section 11.7. Limitation on Obligation Owners’ Right to Xxx. 36 Sue 40 ARTICLE XII MISCELLANEOUS Section 12.1. Defeasance. 37 Defeasance 41 Section 12.2. Notices 38 42 Section 12.3. Incorporation of State Statutes. 38 Statutes 42 Section 12.4. Governing Law 39 43 Section 12.5. Binding Effect and Successors. 39 Successors 43 Section 12.6. Execution in Counterparts 39 43 Section 12.7. Destruction of Cancelled Obligations 39 43 Section 12.8. Headings 39 43 Section 12.9. Parties Interested Herein 39 44 Section 12.10. Waiver of Notice 40 44 Section 12.11. Severability of Invalid Provisions 40 44 EXHIBIT A FORM OF OBLIGATION Page 1 of Exhibit EXHIBIT B PAYMENT REQUEST FORM EXHIBIT C REIMBURSEMENT REQUEST FORM * * * SECOND THIRD TRUST AGREEMENT THIS SECOND THIRD TRUST AGREEMENT, dated as of June 1, 2016 2018 (together with any duly authorized, executed and delivered supplement thereto, this “Trust Agreement”), by and between U.S. THE BANK NATIONAL ASSOCIATIONOF NEW YORK MELLON TRUST COMPANY, N.A., a national banking associationassociation authorized to exercise trust powers in the State of Arizona, as trustee, or any successor thereto acting as trustee pursuant to this Trust Agreement and in its capacity as “Seller” pursuant to the hereinafter described Purchase Agreement (the “Trustee”), and the CITY OF AVONDALEFLAGSTAFF, ARIZONA, a municipal corporation under the laws of the State of Arizona (the “City”);

EVENTS OF DEFAULT AND REMEDIES OF OBLIGATION OWNERS. Section 11.1. Seller’s Rights held Held in Trust 34 38 Section 11.2. Remedies Upon Default; No Acceleration 35 38 Section 11.3. Application of Funds 35 38 Section 11.4. Institution of Legal Proceedings 35 39 Section 11.5. Non-waiver 35 39 Section 11.6. Power of Trustee to Control Proceedings 36 39 Section 11.7. Limitation on Obligation Owners’ Right to Xxx. 36 Xxx 40 ARTICLE XII MISCELLANEOUS Section 12.1. Defeasance. 37 Defeasance 41 Section 12.2. Notices 38 42 Section 12.3. Incorporation of State Statutes. 38 Statutes 42 Section 12.4. Governing Law 39 43 Section 12.5. Binding Effect and Successors. 39 Successors 43 Section 12.6. Execution in Counterparts 39 43 Section 12.7. Destruction of Cancelled Obligations 39 43 Section 12.8. Headings 39 43 Section 12.9. Parties Interested Herein 39 44 Section 12.10. Waiver of Notice 40 44 Section 12.11. Severability of Invalid Provisions 40 44 EXHIBIT A FORM OF OBLIGATION Page 1 of Exhibit EXHIBIT B PAYMENT REQUEST FORM EXHIBIT C REIMBURSEMENT REQUEST FORM * * * SECOND THIRD TRUST AGREEMENT THIS SECOND THIRD TRUST AGREEMENT, dated as of June 1, 2016 2018 (together with any duly authorized, executed and delivered supplement thereto, this “Trust Agreement”), by and between U.S. THE BANK NATIONAL ASSOCIATIONOF NEW YORK MELLON TRUST COMPANY, N.A., a national banking associationassociation authorized to exercise trust powers in the State of Arizona, as trustee, or any successor thereto acting as trustee pursuant to this Trust Agreement and in its capacity as “Seller” pursuant to the hereinafter described Purchase Agreement (the “Trustee”), and the CITY OF AVONDALEFLAGSTAFF, ARIZONA, a municipal corporation under the laws of the State of Arizona (the “City”);

EVENTS OF DEFAULT AND REMEDIES OF OBLIGATION OWNERS. Section 11.1. Seller’s Rights held Held in Trust 34 31 Section 11.2. Remedies Upon Default; No Acceleration 35 31 Section 11.3. Application of Funds 35 32 Section 11.4. Institution of Legal Proceedings 35 32 Section 11.5. Non-waiver 35 32 Section 11.6. Power of Trustee to Control Proceedings 36 32 Section 11.7. Limitation on Obligation Owners’ Right to Xxx. 36 Sue 33 ARTICLE XII MISCELLANEOUS Section 12.1. Defeasance. 37 Defeasance 33 Section 12.2. Notices 38 35 Section 12.3. Incorporation of State Statutes. 38 Statutes 35 Section 12.4. Governing Law 39 36 Section 12.5. Binding Effect and Successors. 39 Successors 36 Section 12.6. Execution in Counterparts 39 36 Section 12.7. Destruction of Cancelled Obligations 39 36 Section 12.8. Headings 39 36 Section 12.9. Parties Interested Herein 39 36 Section 12.10. Waiver of Notice 40 36 Section 12.11. Severability of Invalid Provisions 40 37 EXHIBIT A-1 - FORM OF NEW MONEY OBLIGATION Page 1 of Exhibit * * * SECOND EXHIBIT A-2 - FORM OF REFUNDING OBLIGATION EXHIBIT B - PAYMENT REQUEST FORM EXHIBIT C - REIMBURSEMENT REQUEST FORM THIRD TRUST AGREEMENT THIS SECOND THIRD TRUST AGREEMENT, dated as of November 1, 2016 2021 (together with any duly authorized, executed and delivered supplement theretohereto, this “Trust Agreement”), by and between U.S. BANK NATIONAL ASSOCIATION, a national banking associationassociation authorized to exercise corporate trust powers in the State of Arizona, as trustee, or any successor thereto acting as trustee pursuant to this Trust Agreement and in its capacity as “Seller” pursuant to the hereinafter described Purchase Agreement (the “Trustee”), and the CITY THE TOWN OF AVONDALECHINO VALLEY, ARIZONA, a municipal corporation under the laws of the State of Arizona (the “CityTown”);,

EVENTS OF DEFAULT AND REMEDIES OF OBLIGATION OWNERS. Section 11.1. Seller’s Rights held Held in Trust 34 27 Section 11.2. Remedies Upon Default; No Acceleration 35 27 TABLE OF CONTENTS (continued) Page Section 11.3. Application of Funds 35 27 Section 11.4. Institution of Legal Proceedings 35 28 Section 11.5. Non-waiver 35 28 Section 11.6. Power of Trustee to Control Proceedings 36 28 Section 11.7. Limitation on Obligation Owners’ Right to Xxx. 36 Xxx 28 ARTICLE XII MISCELLANEOUS Section 12.1. Defeasance. 37 Defeasance 29 Section 12.2. Notices 38 30 Section 12.3. Incorporation of State Statutes. 38 Statutes 30 Section 12.4. Governing Law 39 31 Section 12.5. Binding Effect and Successors. 39 Successors 31 Section 12.6. Execution in Counterparts 39 31 Section 12.7. Destruction of Cancelled Obligations 39 31 Section 12.8. Headings 39 31 Section 12.9. Parties Interested Herein 39 32 Section 12.10. Waiver of Notice 40 32 Section 12.11. Severability of Invalid Provisions 40 32 EXHIBIT A - FORM OF OBLIGATION Page 1 of Exhibit EXHIBIT B - FORM OF PAYMENT REQUEST FORM EXHIBIT C - FORM OF REIMBURSEMENT REQUEST FORM * * * SECOND TRUST AGREEMENT THIS SECOND TRUST AGREEMENT, dated as of August 1, 2016 2019 (together with any duly authorized, executed and delivered supplement theretohereto, this “Trust Agreement”), by and between U.S. BANK ZIONS BANK, A DIVISION OF ZB, NATIONAL ASSOCIATION, a national banking associationassociation authorized to exercise trust powers in the State of Arizona, as trustee, or any successor thereto acting as trustee pursuant to this Trust Agreement and in its capacity as “Seller” pursuant to the hereinafter described Purchase Agreement (the “Trustee”), and the THE CITY OF AVONDALESIERRA VISTA, ARIZONA, a municipal corporation under the laws of the State of Arizona (the “City”);,

EVENTS OF DEFAULT AND REMEDIES OF OBLIGATION OWNERS. Section 11.1. Seller’s Rights held Held in Trust 34 29 Section 11.2. Remedies Upon Default; No Acceleration 35 29 Section 11.3. Application of Funds 35 29 Section 11.4. Institution of Legal Proceedings 35 29 Section 11.5. Non-waiver 35 29 Section 11.6. Power of Trustee to Control Proceedings 36 30 Section 11.7. Limitation on Obligation Owners’ Right to Xxx. 36 Xxx 30 ARTICLE XII MISCELLANEOUS Section 12.1. Defeasance. 37 Defeasance 31 Section 12.2. Notices 38 32 Section 12.3. Incorporation of State Statutes. 38 Statutes 32 Section 12.4. Governing Law 39 33 Section 12.5. Binding Effect and Successors. 39 Successors 33 Section 12.6. Execution in Counterparts 39 33 Section 12.7. Destruction of Cancelled Obligations 39 33 Section 12.8. Headings 39 33 Section 12.9. Parties Interested Herein 39 33 Section 12.10. Waiver of Notice 40 34 Section 12.11. Severability of Invalid Provisions 40 34 EXHIBIT A – FORM OF OBLIGATION Page 1 of Exhibit EXHIBIT B – FORM OF PAYMENT REQUEST FORM EXHIBIT C – FORM OF REIMBURSEMENT REQUEST FORM * * * SECOND THIRD TRUST AGREEMENT THIS SECOND THIRD TRUST AGREEMENT, dated as of May 1, 2016 2019 (together with any duly authorized, executed and delivered supplement theretohereto, this “Trust Agreement”), by and between U.S. BANK NATIONAL ASSOCIATION, a national banking associationassociation authorized to exercise trust powers in the State of Arizona, as trustee, or any successor thereto acting as trustee pursuant to this Trust Agreement and in its capacity as “Seller” pursuant to the hereinafter described Purchase Agreement (the “Trustee”), and the THE CITY OF AVONDALE, ARIZONA, a municipal corporation under the laws of the State of Arizona (the “City”);