Ordinance 1858-92 - Laserfiche WebLink

authorized, on behalf of the Underwriter to execute and deliver the Certificates transferred or exchanged in accordance with the provisions of such Certificates and this Agreement and to carry out all of the Trustee's powers and duties under this Agreement. The Certificate Owner shall be required to pay any tax or other governmental charge required to be paid for any exchange or registration of transfer and the Certificate Owner shall be required to pay the reasonable fees and expenses of the City and Trustee in connection with the replacement of any mutilated, lost or stolen certificates. The Trustee shall be responsible for its representations contained in the Certificate of Execution on the Certificates, but for no other representations contained in the Certificates or in the recitals hereof. The Trustee may become the owner of Certificates with the same rights it would have if it were not the registrar for the Certificates, and to the extent permitted by law, may act as depositary for and permit any of its officers or directors to act as a member of, or in any other capacity with respect to, any committee formed to protect the rights of Certificate Owners. As compensation for its services hereunder, the Trustee shall be paid by the City in Additional Rent payable under the Lease. The Trustee shall not be required to risk any of its own funds in the performance of any duties hereunder or under the Lease. Section 3 . 07 . Provision for Payments; Remedies in Event of Default. The Lease Payments and the Certificates evidencing rights to receive such Lease Payments are payable solely from payments to be received by the Trustee from the City pursuant to the Lease. The Trustee is only obligated to pass through such payments to Certificate Owners in accordance with their relative interests; the Certificates shall not be obligations of the Trustee. Section 3 . 08 . Mutilated, Destroyed, Lost or Stolen Certifi- cates. If any Certificate shall become mutilated, the Trustee shall execute and deliver a replacement Certificate of like tenor, denomination and maturity in exchange and substitution for the Certificate so mutilated, but only upon surrender to the Trustee of such mutilated Certificate for cancellation, and the Trustee may require reasonable indemnity therefor. If any Certificate shall be reported lost, stolen or destroyed, evidence as to the ownership thereof and the loss, theft or destruction thereof shall be submitted to the Trustee; and if such evidence shall be satisfactory and if indemnity satisfactory to the Trustee shall be requested and given, the Trustee shall execute and deliver, a replacement Certificate of like tenor and denomination. The cost of providing any substitute Certificate under the provisions of this section shall be borne by the Owner for whose benefit such substitute Certificate is provided. If any such mutilated, lost, C-12 KR173 92/01/27