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11-25-1991 HRA Meeting
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11-25-1991 HRA Meeting
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(a) to the Trustee, all reasonable fees of the <br />Trustee for services rendered under the Trust Indenture, <br />provided that City may, without creating a default <br />hereunder, contest in good faith the reasonableness of <br />any such fees or expenses other than the Trustee's fees <br />for ordinary services as may be set forth in the Trust <br />Indenture; <br />(b) to Authority, all reasonable expenses incurred <br />by Authority in connection with the transactions <br />contemplated hereby which are not otherwise required to <br />be paid by City under the terms of this Lease; <br />(c) all costs and expenses specifically required <br />to be paid by City under the terms of this Lease or the <br />Trust Indenture; and <br />(d) to Authority or the Trustee, as the case may <br />be, the amount of all advances of funds made by either <br />of them un.er the provisions hereof. <br />(e) to the Trustee, an amount equal to any amount <br />transferred from the Reserve Fund to the Bond Fund <br />pursuant to Section 5.02 of the Trust Indenture to cure <br />a deficiency in the Bond Fund; all amounts payable <br />pursuant to this paragraph (e) shall be paid by the City <br />within 60 days following mailing of notice of such <br />amount due by the Trustee to the City. <br />In the event City should fail to make any of the <br />payments required by this Section, the item in default shall <br />continue as an obligation of City until the amount in default <br />shall have been fully paid, and City will pay the same with <br />interest thereon at the rate of 12% per annum, or, if less, at the <br />maximum rate permitted by law. <br />6-3 <br />i
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