11-14-01 1. INDENTURE OF TRUST - Laserfiche WebLink

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ARTICLE III-A MANDATORY TENDER AND REMARKETING OF SERIES 2001A BONDS Section 3A.01. Mandatory Tender of Series 2001A 2001 Tax-Exempt Bonds. (1) Subject to the provisions of subsection (3)below, the Holder of each Series 2001A 2001 Tax-Exempt Bond shall tender such Series 2001-A 2001 Tax-Exempt Bond to the Trustee for purchase on the Mandatory Tender Date, all as more fully provided in this Section 3A.01. (2) Notice of the Mandatory Tender Date(a"Mandatory Tender Notice")shall be given by the Trustee,by first-class mail,postage prepaid,to the Holders of all Series 2001 A 2001 Tax-Exempt Bonds at their addresses appearing on the Bond Register maintained by the Trustee not less than 15 days prior to the Mandatory Tender Date. Such Notice shall specify the Mandatory Tender Date and state(i)that all Series 2901A 2001 Tax-Exempt Bonds shall be purchased on the Mandatory Tender Date at a purchase price equal to the principal amount thereof plus accrued interest thereon,and(ii)that all Series 290-1-A 2001 Tax-Exempt Bonds must be tendered for purchase at or before 12:00 noon,Minneapolis time,on the Business Day prior to the Mandatory Tender Date together with an appropriate instrument of transfer executed in blank,and the Holder of any such Series 2001A 2001 Tax-Exempt Bond which is not so tendered but for which there has been irrevocably deposited with the Trustee an amount sufficient to pay the purchase price thereof(an "Untendered Bond")shall not be entitled to receive interest on such Series 2001 A 2001 Tax-Exempt Bond for any period beginning on or after the Mandatory Tender Date. A copy of any Mandatory Tender Notice shall be delivered by the Trustee to the Remarketing Agent and the Borrower. (3) All Series 2001A 2001 Tax-Exempt Bonds shall be tendered to the Trustee for purchase at or before 12:00 noon Minneapolis time on the Business Day prior to the Mandatory Tender Date, by delivering such Series 290 2001 Tax-Exempt Bonds to the Trustee together with an appropriate instrument of transfer duly executed in blank. On the Mandatory Tender Date, the Trustee acting on behalf of the Borrower and for the benefit of the Holders of the Series 2001 A 2001 Tax-Exempt Bonds from time to time, shall purchase or cause to be purchased all Series 2001 A 2001 Tax-Exempt Bonds at a purchase price equal to the principal amount thereof plus accrued interest thereon. Funds for the payment of the purchase price of such Series 2001A 2001 Tax-Exempt Bonds shall be drawn by the Trustee from the Bond Purchase Fund as provided in Section 3A.08. Section 3A.02. Duties of Trustee. The Trustee agrees, and will cause each of its agents to agree, that it will: (1) hold all Series 2001 A 2001 Tax-Exempt Bonds delivered to it pursuant to Section 3A.01 hereunder in trust solely for the benefit of the respective Bondholders which shall have so tendered such Series 2001A 2001 Tax-Exempt Bonds for purchase until the payment of the purchase price with respect to such Series 2001A 2001 Tax-Exempt Bonds; and (2) hold all moneys delivered to it hereunder for the purchase of such Series 2001A 2001 Tax-Exempt Bonds in trust solely for the benefit of the Holders which shall have so tendered such Series 2001A 2001 Tax-Exempt Bonds for purchase until such moneys shall have been delivered to or for the account of such Bondholders. - 32 -