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Financing- Trust Agreement
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Last modified
9/19/2012 3:45:36 PM
Creation date
9/9/2011 4:19:16 PM
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Building
RecordID
10242
Title
Financing- Trust Agreement
Company
Marion County
BLDG Date
10/7/1998
Building
Courthouse Square
BLDG Document Type
Finance
Project ID
CS9801 Courthouse Square Construction
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~ The Trustee, prior to the occurrence of an E~ent of Default and after the curing of all <br />2 Events of Default which may have occurred, undertakes to perform such duties and only such <br />3 duties as are specifically set forth in this Agreement. In case an Event of Default has occurred <br />4 (which has not been cured) or in the case a Nonappropriation Event has occurred, the Trustee <br />~ shall exercise such of the rights and powers ~~ested in it by this Agreement and any applicable <br />6 Supplemental Agreement, and use the sanie degree of care and skill in their exercise, as a prudent <br />7 person would exercise or use under the circumstances in the conduct of her own affairs. <br />8 <br />9 <br />10 (D) EVIDENCE ON WHICH TRUSTEE MAti' ACT. The Trustee, upon receipt of any notice <br />l i resolution, rec~uest. consent, order, certificate, report, opinion, certificate, or other paper or <br />~? document furnished to it pursuant to any provision of this Agreement or any Supplemental <br />l3 Agreement, shall examine such instrument to deterniine whether it conforms to the requirements <br />14 of this Agreement or the applicable provisions of a Supplemental Agreement and shall be <br />i> protected in acting upon any such instrument belie~~ed by it to be genuine and to have been signed <br />~ 6 or presented by the proper party or parties. The Trustee may consult with Counsel, who may or <br />~ 7 may not be bond counsel to the County, and the opinion of such Counsel shall be full and <br />l s complete authorization and protection in respect of any action taken or suffered by it under this <br />l9 Agreement in good faith and in accordance therewith. <br />?o <br />?~ Whenever the Trustee shall deem it necessary or desirable that a matter be proved or <br />?2 established prior to taking or suffering any action under this Agreement or any Supplemental <br />?3 Agreement, such matter (unless other evidence in respect thereof be therein specifically <br />2~t prescribed) may~ be deemed to be conclusively proved and established by a certificate of the <br />?> County, and such certificate shall be fiill warrant for any action taken or suffered in good faith <br />26 under the provisions of this Agreement or such Supplemental Agreement upon the faith thereof; <br />27 but in its discretion the Trustee may in lieu thereof accept other evidence of such fact or matter <br />?8 or may require such further or additional evidence as to it may seem reasonable. <br />~q <br />3o Except as otherwise expressly provided in this Agreement or a Supplemental Agreement, <br />3- any request, order, notice or other direction required or permitted to be furnished pursuant to any <br />33 provision thereof by the County to the Trustee shall be sufficiently executed in the name of the <br />33 County by the Authorized County Representative. <br />34 <br />3> <br />36 <br />37 <br />38 <br />39 <br />40 <br />~1 I <br />42 <br />a~ <br />(E~ COMPENSATION. <br />~to be filled in based upon <br />compensation arranQement between the <br />Countv and the Trusteel <br />Would Scott Clements please provide <br />the language regarding the Trustee's <br />compensation. <br />FINANCING AND TRUST AGREEMENT PAGE ~j <br />
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