Construction of Projects. (a) The Lessor shall construct the Projects through the payment of such funds/deposit and disbursement of funds in accordance with Article III of the Trust Agreement. (b) The Lessor hereby appoints the Lessee as its agent to plan and design the Projects and thereafter as its agent to carry out all phases of the acquisition, construction, installation and equipping of the Projects. The Lessee, as agent of the Lessor, assumes all rights, duties and responsibilities of the Lessor regarding acquisition, construction, installation and equipping of the Projects and any items related thereto, except as limited herein. (c) The Lessee, as agent, may enter directly into any purchase order or contract without further written approval of the Lessor. The written approval of the Lessee Representative shall be required to authorize any payments of costs of the Projects from the proceeds of the Certificates deposited in the Project Fund. (d) The Lessee, as agent of the Lessor, shall have the right to supervise the acquisition, construction, installation and equipping of the Projects, and to monitor the performance by the contractors selected to construct and install the Projects in whatever manner the Lessee, in its sole discretion, deems appropriate. (e) The Lessor hereby assigns to the Lessee all of its rights and powers under all such purchase orders and contracts as it enters into with respect to the Projects and the Lessee shall have the right to enforce, in its own name or the name of the Lessor, if necessary, such purchase orders or contracts at law or in equity; provided, however, that this assignment shall not prevent the Lessor from asserting said rights and powers in its own behalf.
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