PARTICULAR COVENANTS OF THE TRUST. The Trust covenants and agrees with the Master Trustee and the Owners of the Bonds as follows: Section 6.1.
PARTICULAR COVENANTS OF THE TRUST. 47 Section 6.1. Powers as to Bonds and Pledge 47 Section 6.2. Extension of Payment of Bonds 47 Section 6.3. Transfers Out of Master Trust Agreement 48 Section 6.4. Covenants as to Loans and Contract Assistance Payments 48 Section 6.5. Amendments to Financing Agreements and Loans 50 Section 6.6. Further Assurance 51 Section 6.7. Accounts and Reports 51 Section 6.8. Tax Covenant 51 ARTICLE VII DEFAULTS AND REMEDIES 52 Section 7.1. Events of Default 52 Section 7.2. Application of Revenues and Other Moneys after Default 53 Section 7.3. Proceedings Brought by Master Trustee 55 Section 7.4. Restriction on Registered Owners’ Action 56 Section 7.5. Remedies not Exclusive 56 Section 7.6. Effect of Waiver and Other Circumstances 56 ARTICLE VIII THE FIDUCIARIES 57 Section 8.1. Master Trustee 57 Section 8.2. Paying Agents 57 Section 8.3. Responsibilities of Fiduciaries 57 Section 8.4. Evidence on Which Fiduciaries May Act 58 Section 8.5. Compensation 58 Section 8.6. Permitted Acts 58 Section 8.7. Resignation 58 Section 8.8. Removal 59 Section 8.10. Transfer of Rights and Property to Successor Fiduciary 60 Section 8.11. Merger or Consolidation 60 ARTICLE IX SUPPLEMENTAL TRUST AGREEMENTS 61 Section 9.1. Supplemental Trust Agreements Effective upon Filing 61 Section 9.2. Supplemental Trust Agreements Amending Trust Agreement or Bonds 61 Section 9.3. Adoption and Filing of Supplemental Trust Agreement 62 ARTICLE X AMENDMENTS 62 Section 10.1. Mailing 62 Section 10.2. Powers of Amendment 62 Section 10.3. Consent of Registered Owners 63 Section 10.4. Modification by Unanimous Action 64 Section 10.5. Exclusion of Bonds 64 Section 10.6. Notation on Bonds 64 ARTICLE XI DEFEASANCE 64 Section 11.1. Defeasance 64 ARTICLE XII MISCELLANEOUS 67 Section 12.1. Evidence of Signatures of Registered Owners and Ownership of Bonds 67 Section 12.2. Preservation and Inspection of Documents 68 Section 12.3. Notices and Directions 68 Section 12.4. Parties Interested Herein 68 Section 12.5. No Recourse 68 Section 12.6. Partial Invalidity 69 Section 12.7. Law and Place of Enforcement of this Trust Agreement 69 MASTER TRUST AGREEMENT THIS MASTER TRUST AGREEMENT (the “Trust Agreement”) is entered into as of the first day of January, 2015 between the MASSACHUSETTS CLEAN WATER TRUST (the “Trust”), a public instrumentality of The Commonwealth of Massachusetts (the “Commonwealth”) and U.S. BANK NATIONAL ASSOCIATION, a national banking association, as trustee (the “Master Trustee”).
