Agenda - 11-16-2010 - 4k - Laserfiche WebLink

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Such valuations will be made at least every six months and at such additional times as the • County may request, but in no event more frequently than monthly. Section 6.06. Disposition. The Trustee will sell, or present for redemption, and reduce to cash any Permitted Investment in a Fund or Account whenever the cash balance in such Fund or Account is insufficient for the purposes thereof. Section 6.07. Commingling of Moneys in Funds. The Trustee, upon a County Representative's approval, may commingle any of the funds held by it pursuant to this Trust Agreement with any other separate fund or funds for investment purposes only; provided, however, that the Trustee will separately account for all Funds or Accounts held by it under this Trust Agreement. Section 6.08. Tax Covenants. The County and the Company covenant with the Owners that, notwithstanding any other provision of this Trust Agreement, they will make no use or investment of the proceeds of the Bonds which will cause the Bonds to be "arbitrage bonds" or "private activity bonds" within the meaning of the Code. Section 6.09. Information Concerning Investments. The Trustee will establish and maintain written records regarding investments made under this Article VI, and will supply such information to the County at its request, including information as to: (a) purchase date; (b) purchase price; (c) information establishing that the purchase was • at a fair market value as of the purchase date (e.g., the published quoted bid by a dealer in such an investment on the purchase date); (d) any accrued interest paid; (e) face amount; (f) coupon rate; (g) periodicity of interest payments; (h) disposition price; (i) any accrued interest received; and (j) disposition date. Section 6.10.. Restricted Yield Investments. The County may direct the investment of any funds held under this Trust Agreement without regard to yield, despite any provision in this Trust Agreement directing investment with regard to the Restricted Yield, provided that prior to making such an investment, the County provides the Trustee with an Opinion of Special Counsel, in form and substance reasonably acceptable to the Trustee, to the effect that such an investment will not adversely affect any exclusion from gross income that would otherwise be applicable to interest payments on the Bonds. ARTICLE VII DISCHARGE OF TRUST AGREEMENT Section 7.01. Bonds Deemed Paid; Discharge of Trust Agreement. Any Bond will be deemed paid for all purposes of this Trust Agreement when (a) payment of • the principal, premium, if any, and interest with respect to such Bond to the due date of such amounts (whether at maturity, upon prepayment or otherwise) either (i) has been made in accordance with the terms of the Bonds or (ii) has been provided for by irrevocably depositing with the Trustee or other fiduciary in escrow (A) cash sufficient to i~