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APPENDIX C
SUMMARY OF CERTAIN PROVISIONS OF THE INDENTURE
The following, in addition to the information provided under “THE BONDS,” summarizes certain
provisions of the Indenture, to which reference is made for the detailed provisions thereof.
Creation of Trust
That to secure the payment of Bond Debt Service Charges on the Bonds according to their true
intent and meaning, to secure the performance and observance of all of the covenants, agreements,
obligations and conditions contained therein and in the Indenture, and to declare the terms and conditions
upon and subject to which the Bonds are intended to be issued, held, secured and enforced, and in
consideration of the premises and the acceptance by the Trustee of the trusts created in the Indenture and
of the purchase and acceptance of the Bonds by the Holders, and for other good and valuable consideration
the receipt and sufficiency of which will be acknowledged, the Issuer will assign to the Trustee, and to its
successors in trust and its and their assigns, all right, title and interest of the Issuer and to (a) the Issuer
Revenues, including, without limitation, all Loan Payments and other amounts receivable by or on behalf
of the Issuer under the Loan Agreement in respect of repayment of the Loan; (b) the Special Funds,
including all accounts in those funds and all money deposited therein and the investment earnings on such
money, and the earnings derived from the investment of any of the foregoing sums as provided in the
Indenture; (c) all right, title and interest of the Issuer in the proceeds derived from the sale of the Bonds,
and any securities in which money in the Special Funds is invested, and (except for money in the Rebate
Fund and otherwise required to be rebated to the United States of America under the Code) the proceeds
derived therefrom, and any and all other real or personal property of every name and nature from time to
time after the date of the Indenture by delivery or by writing of any kind pledged, assigned or transferred,
as and for additional security under the Indenture by the Issuer or by anyone in its behalf, or with its written
consent, to the Trustee, which is authorized by the Indenture to receive any and all such property at any and
all times and to hold and apply the same subject to the terms of the Indenture; and (d) the Loan Agreement,
except for the Unassigned Issuer’s Rights (the foregoing collectively referred to as the “Trust Estate”).
Creation of Funds; Allocation of Bond Proceeds
The funds and accounts described under this caption, designated as indicated, are created in the
Indenture. Each fund is to be maintained in the custody of the Trustee as a separate account. The funds and
accounts are as follows:
(1) the Bond Fund designated “Bond Fund,” and therein, the “Interest Account” and
the “Remarketing Proceeds Account”;
(2) the Project Fund designated “Project Fund”;
(3) the Collateral Fund designated “Collateral Fund”;
(4) the Costs of Issuance Fund designated “Costs of Issuance Fund”; and
(5) the Rebate Fund designated “Rebate Fund.”Jump to an indexed page (744 of 744)