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Note Book: R.C
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CS_Courthouse Square
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Note Book: R.C
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Last modified
9/19/2012 3:29:14 PM
Creation date
9/6/2011 2:25:15 PM
Metadata
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Building
RecordID
10376
Title
Note Book: R.C
Company
Marion County
BLDG Date
11/4/1998
Building
Courthouse Square
BLDG Document Type
Finance
Project ID
CS9801 Courthouse Square Construction
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~: 1 (4) (a) in the case of any Appropriated Financing Payme ts evidenced by <br />~r2 the 1998 Certificates, to the extent directed by the Insurer b t subject to the <br />3 terms of the Intercreditar Agreement, if any, the Trustee shall by appropriate <br />4 proceedings, enforce its right to receive any such Appropr ated Financing <br />5 Payments not theretofore paid by the County to the Trustee; <br />6 <br />7 (b) in the case of any Appropriated Financing Payme ts euidenced;by <br />8 Additional Certificates and subjecf to the rights of any Cred t Provider who <br />9 has provided a' Credit Facility as security for such Additional ertificates and <br />1 o the terms of the Intercreditor Agreement, the Trustee shall, by appropriate <br />11 proceedings, enforce its right to receive any such Appropr ated Financing <br />12 Payments not theretofore paid by the County to the Trustee; <br />13 <br />14 '(c) if no Additional Certificates are then Outstanding the Trustee, at <br />15 the wriften dizection of the Insurer; shall-an~ foreclose upon t Mortgage and <br />16 the Security; and <br />17 <br />18 (d) if any Additional Certificates are then Outstandin the Trustee, in <br />19 accordance with and subject to the terms, restrictions and p ovisions of the <br />20 Intercreditor Agreement, shall foreclose upon the Mortgage' d the' Security; <br />21 _ <br />~ (5) all moneys held by the Trustee in any Fund or account establi hed under this <br /> Agreement (other than moneys held in the Rebate Fund) and all proceeds d rived from any <br />24 enforcement action taken pursuant to Section 202(C)(4) above shall be applie by the Trustee <br />25 as follows: <br />26 <br />27 (a) first, to the payment of the fees and expenses of the Tr stee (including <br />28 without limitation, Attorney's Fees) in foreclosing upon the M gage and the <br />29 Security, enforcing its rights and performing its duties hereunder and under the <br />3o Mortgage, including without limitation the fees and expenses of any ebate Analyst <br />31 retained by the Trustee as provided below; <br />32 <br />33 (b) second, to the extent the moneys held by the Trustee in t e Rebate Fund <br />34 are insufficient to pay all Rebate Amounts then owing with respect to he Certificates, <br />35 to the payment of all such Rebate Amounts; <br />36 <br />37 (c) third, to the payment to the Owners of the Outstanding C rtificates of all <br />38 unpaid principal components of the Financing Payments, ratably wit out preference <br />39 or priority of any kind, according to the amounts of unpaid princi al components <br />40 evidenced by the Outstanding Certificates; <br />41 <br />~ <br />FINANCING AND TRUST AGREEMENT PAGE 6 <br />
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