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NNRHA June 16, 2026 board meeting package

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The Trustee, within 30 days of the resignation or removal of the Remarketing Agent or the appointment of a successor Remarketing Agent pursuant to the Remarketing Agreement, shall give notice thereof by registered or certified mail to the Rating Agency (if the Bonds are then rated) and to the Holders of the Bonds. The Trustee shall not, however, be subject to any liability to any Holder or any party to the transaction by reason of its failure to mail any such notice, and any such failure shall not affect the validity of actions which are the subject of such notice. Section 6.21 Notices to Rating Agency and Remarketing Notice Parties. The Trustee shall notify the Rating Agency and the Remarketing Notice Parties in writing of (a) the occurrence of an Event of Default of which the Trustee has actual notice; (b) the occurrence of any monetary or other material default under the Loan of which the Trustee has actual notice; (c) any change in the identity of the Trustee; (d) any amendments, modifications, supplements or changes to this Indenture, the Loan Agreement, the Promissory Note or the Bonds, including any extension of principal or modification of interest or redemption premium due on any of the Bonds, in each case only in the event the Trustee has actual notice; (e) any change or proposed change in the structure or identity of the Borrower of which the Trustee has actual knowledge; (f) any change or notification of proposed change of the Mandatory Tender Date or Remarketing Date of which the Trustee has actual notice; (g) any partial prepayment of the Loan or the giving of notice of the call for redemption of any Bonds; (h) any change in the investment of funds subject to the lien of this Indenture other than in Eligible Investments of which the Trustee has actual notice; (i) any defeasance or acceleration of the Bonds hereunder; or (j) any change in the Remarketing Agent of which its Trustee has actual knowledge. The Trustee shall not, however, be subject to any liability to any Holder or any party to the transaction by reason of its failure to give any such notice, and any such failure shall not affect the validity of actions which are the subject of such notice. Section 6.22 Requests from Rating Agency. The Trustee shall promptly respond in writing, or in such other manner as may be reasonably requested, to requests from the Rating Agency for information deemed necessary by the Rating Agency in order to maintain the rating assigned thereby to the Bonds. The Trustee shall promptly furnish any such requested information in its possession to the Rating Agency and shall, as may be reasonably requested by the Rating Agency. ARTICLE VII DEFAULT PROVISIONS AND REMEDIES OF TRUSTEE AND HOLDERS Section 7.01 Defaults; Events of Default. The occurrence of any of the following events is defined as and declared to be and to constitute an Event of Default hereunder: (a) Payment of any interest on any Bond shall not be made when and as that interest shall become due and payable; (b) Payment of the principal of any Bond shall not be made when and as that principal shall become due and payable, whether at stated maturity, upon acceleration or otherwise; (c) Failure by the Issuer to observe or perform any other covenant, agreement or obligation on its part to be observed or performed contained in this Indenture or in the Bonds, which failure shall have continued for a period of 30 days after written notice, by registered or certified mail, to the Issuer and the Borrower specifying the failure and requiring that it be remedied, which notice may be given by the Trustee and shall be given by the Trustee at the written request of the Holders of not less than 25% in aggregate 51
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