Common use of Terms and Conditions of Certificates Clause in Contracts

Terms and Conditions of Certificates. Section 2.01. Preparation of Certificates; Series 2022 Certificates 9 Section 2.02. Denominations and Date of Series 2022 Certificates 9 Section 2.03. Payment Dates of Series 2022 Certificates; Medium, Method and Place of Payment 10 Section 2.04. Form of Series 2022 Certificates. 11 Section 2.05. Execution of Certificates 11 Section 2.06. Transfer and Payment of Certificates; Exchange of Certificates 11 Section 2.07. Certificate Registration Books 12 Section 2.08. Temporary Certificates. 12 Section 2.09. Certificates Mutilated, Lost, Destroyed or Stolen 12 Section 2.10. Destruction of Cancelled Certificates 13 Section 2.11. Special Covenants as to Book-Entry Only System 13 ARTICLE III PROCEEDS OF CERTIFICATES Section 3.01. Delivery of Series 2022 Certificates 15 Section 3.02. Deposit of Proceeds of Series 2022 Certificates 15 Section 3.03. Project Fund 16 Section 3.04. Execution and Delivery of Additional Certificates 16 Section 3.05. Proceedings for Authorization of Additional Certificates 17 ARTICLE IV PREPAYMENT OF CERTIFICATES Section 4.01. Terms of Prepayment 18 Section 4.02. Selection of Certificates for Prepayment 18 Section 4.03. Notice of Prepayment 19 Section 4.04. Partial Prepayment of Certificates 20 Section 4.05. Effect of Prepayment 20 Section 5.01. Pledge of Base Rental Payments; Base Rental Payment Fund 20 Section 5.02. Deposit of Base Rental Payments 20 Section 5.03. Certificate Reserve Fund 21 Section 5.04. Establishment and Application of 2022 Rebate Fund 23 Section 5.05. Investments 24 Section 6.01. Compliance with Trust Agreement 25 Section 6.02. Compliance with or Amendment of Site Lease or Facilities Lease 25 Section 6.03. Observance of Laws and Regulations 27 Section 6.04. Other Liens 27 Section 6.05. Prosecution and Defense of Suits 27 Section 6.06. Accounting Records and Statements 28 Section 6.07. Recordation and Filing 28 Section 6.08. Further Assurances 28 Section 6.09. Tax Covenants 28 Section 6.10. Continuing Disclosure 29

Terms and Conditions of Certificates. 5 Section 2.01. Preparation and Delivery of Certificates; Series 2022 Certificates 9 5 Section 2.02. Denominations and Date Terms of Series 2022 the Certificates 9 5 Section 2.03. Payment Dates Form of Series 2022 Certificates; Medium, Method and Place of Payment 10 Certificates 7 Section 2.04. Form of Series 2022 Certificates. 11 Section 2.05. Execution of Certificates 11 7 Section 2.05. Registration Books 7 Section 2.06. Transfer and Payment of Certificates; Exchange of Certificates 11 7 Section 2.07. Certificate Registration Books 12 Book-Entry System 8 Section 2.08. Temporary Certificates. 12 Section 2.09. Certificates Mutilated, Lost, Destroyed or Stolen 12 10 Section 2.102.09. Destruction of Cancelled Temporary Certificates 13 Section 2.11. Special Covenants as to Book-Entry Only System 13 11 ARTICLE III DELIVERY OF CERTIFICATES; PROCEEDS OF CERTIFICATES; ADDITIONAL CERTIFICATES 12 Section 3.01. Delivery of Series 2022 Certificates 15 12 Section 3.02. Deposit of Proceeds of Series 2022 Certificates 15 12 Section 3.03. Project Costs of Issuance Fund 16 12 Section 3.04. Execution and Delivery of Additional Certificates 16 13 Section 3.05. Proceedings for Authorization of Additional Certificates 17 14 ARTICLE IV PREPAYMENT OF CERTIFICATES 16 Section 4.01. Terms of Prepayment 18 16 Section 4.02. Selection of Certificates for Prepayment 18 16 Section 4.03. Notice of Prepayment 19 16 Section 4.04. Partial Prepayment of Certificates 20 16 Section 4.05. Effect of Notice of Prepayment 20 16 ARTICLE V FUNDS AND ACCOUNTS; RENTAL PAYMENTS 18 Section 5.01. Pledge of Base Rental PaymentsPledge; Base Rental Payment Fund 20 18 Section 5.02. Deposit of Base Rental Payments 20 19 Section 5.03. Certificate Reserve Rebate Fund 21 19 Section 5.04. Establishment and Investments 20 ARTICLE VI NET PROCEEDS; TITLE INSURANCE; COVENANTS 22 Section 6.01. Application of 2022 Rebate Fund Net Proceeds 22 Section 6.02. Title Insurance 23 Section 5.05. Investments 24 Section 6.016.03. Compliance with Trust Agreement 25 23 Section 6.026.04. Compliance with or Amendment of Site Ground Lease or Facilities and Lease 25 Agreement 23 Section 6.036.05. Observance of Laws and Regulations 27 23 Section 6.046.06. Other Liens 27 24 Section 6.056.07. Prosecution and Defense of Suits 27 Section 6.06. Accounting Records and Statements 28 Section 6.07. Recordation and Filing 28 24 Section 6.08. Further Assurances 28 Recordation 24 Section 6.09. Tax Covenants 28 24 Section 6.10. Continuing Disclosure 2925 Section 6.11. Further Assurances 25 ARTICLE VII DEFAULTS AND REMEDIES 26 Section 7.01. Events of Default 26 Section 7.02. Action Upon Event of Default 26 Section 7.03. Other Remedies of the Trustee 26 Section 7.04. Remedies Not Exclusive 27 Section 7.05. Application of Amounts After Default 27 Section 7.06. Trustee May Enforce Claims Without Possession of Certificates 27 Section 7.07. Limitation on Suits 28 Section 7.08. Non-Waiver 28 ARTICLE VIII THE TRUSTEE 29 Section 8.01. Duties of the Trustee 29 Section 8.02. Qualifications; Removal and Resignation; Successors 29 Section 8.03. Liabilities of the Trustee 30 Section 8.04. Right to Rely on Documents 32 Section 8.05. Accounting Records; Documents 33 Section 8.06. Compensation and Indemnification 33 ARTICLE IX SUPPLEMENTAL TRUST AGREEMENTS 34 Section 9.01. Supplemental Trust Agreements 34 Section 9.02. Effect of Supplemental Trust Agreement 35 Section 9.03. Endorsement of Certificates; Preparation of New Certificates 35 Section 9.04. Amendment of Particular Certificates 36 ARTICLE X DEFEASANCE 37 Section 10.01. Discharge of Trust Agreement 37 Section 10.02. Certificates Deemed To Have Been Paid 37 Section 10.03. Unclaimed Moneys 38 ARTICLE XI MISCELLANEOUS 39 Section 11.01. Benefits of Trust Agreement 39 Section 11.02. Successor Deemed Included in all References to Predecessor 39 Section 11.03. Partial Invalidity 39 Section 11.04. Notices 39 Section 11.05. Execution of Documents by Owners 40 Section 11.06. Disqualified Certificates 40 Section 11.07. Destruction of Certificates 41 Section 11.08. Money Held for Particular Certificates 41 Section 11.09. Funds and Accounts 41 Section 11.10. Business Days 41 Section 11.11. Waiver of Personal Liability 42 Section 11.12. Governing Law 42 Section 11.13. Execution in Counterparts 42 EXHIBIT A MASTER DEFINITIONS..................................................................................... A-1 EXHIBIT B FORM OF CERTIFICATES................................................................................. B-1 THIS TRUST AGREEMENT (this “Trust Agreement”), dated as of 1, 2019, is by and among ▇▇▇▇▇ FARGO BANK, N.A., a national banking association organized and existing under the laws of the United States of America, as Trustee (the “Trustee”), the INLAND EMPIRE PUBLIC FACILITIES CORPORATION, a nonprofit public benefit corporation organized and existing under the laws of the State of California (the “Corporation”), and the COUNTY OF SAN BERNARDINO, a county and political subdivision of the State of California organized and existing under the laws of the State of California (the “County”).