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(i) the Trustee need perform only those duties that are specifically set <br /> forth in this Agreement and no other, and no implied covenants or obligations shall <br /> be read into this Agreement against the Trustee; <br /> (ii) in the absence of bad faith on its part, the Trustee may conclusively <br /> rely, as to the truth of the statements and the correctness of the opinions expressed, <br /> upon certificates, opinions or other writings furnished to the Trustee and <br /> conforming to the requirements of this Agreement which the Trustee actually and in <br /> good faith believes to be genuine and to have been signed or presented by the <br /> proper person. <br /> (c) The Trustee is not relieved from liability for its own negligent action, <br /> its own grossly negligent failure to act or its own willful misconduct, except that: <br /> (i) this paragraph does not limit the effect of subsection (a) above; <br /> (ii) the Trustee will not be liable with respect to any action it takes or <br /> omits to take in good faith in accordance with a direction received by it pursuant to <br /> Section 10.05; and <br /> (iii) the Trustee will not be liable with respect to any information contained <br /> in any offering documents (except to the extent of information about the Trustee <br /> provided by the Trustee specifically for inclusion in that offering document). The <br /> Trustee has no responsibility for compliance with any state or federal securities <br /> laws in connection with the Bonds. <br /> (d) Every provision of this Agreement that in any way relates to the <br /> Trustee is subject to all the provisions of this Section 9.01. <br /> (e) Not later than August 1 of each year, the Trustee will notify the LGC <br /> and the County of the principal amount of Bonds Outstanding as of the preceding <br /> June 30, with a breakdown of Bonds by series. <br /> (f) No provision of this Agreement requires the Trustee to expend or risk <br /> its own funds or otherwise incur any financial liability in the performance of any of <br /> its duties or in the exercise of any of its rights or powers, unless it receives <br /> indemnity satisfactory to it against any loss, liability or expense, except that the <br /> Trustee may not require indemnity as a condition to declaring the principal and <br /> 34 <br />