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such amount and at such times as will insure the availability, without reinvestment, of sufficient <br />money to make such payment, and all necessary and proper fees, compensation, and expenses of <br />the Trustee pertaining to the Bonds with respect to which such deposit is made shall have been <br />paid or the payment thereof provided for to the satisfaction of the Trustee. Neither Defeasance <br />Securities nor moneys deposited with the Trustee pursuant to this Section nor principal or <br />interest payments on any such Defeasance Securities shall be withdrawn or used for any purpose <br />other than, and shall be held in trust for, the payment of the principal of and interest on the <br />Bonds. Any cash received from such principal of and interest on such Defeasance Securities <br />deposited with the Trustee, if not then needed for such purpose, shall, be reinvested in <br />Defeasance Securities as directed by the City maturing at times and in amounts sufficient to pay <br />when due the principal of and interest on the Bonds on and prior to such redemption date or <br />maturity date thereof, as the case may be. Any payment for Defeasance Securities purchased for <br />the purpose of reinvesting cash as aforesaid shall be made only against delivery of such <br />Defeasance Securities. <br />(b) Any determination not to redeem Defeased Debt that is made in conjunction with <br />the payment arrangements specified in Sections 14.3(a)(1) or 14.3(a)(2) shall not be irrevocable, <br />provided that: (1) in the proceedings providing for such defeasance, the City expressly reserves <br />the right to call the Defeased Debt for redemption; (2) the City gives notice of the reservation of <br />that right to the Owners of the Defeased Debt immediately following the defeasance; (3) the City <br />directs that notice of the reservation be included in any defeasance or redemption notices that it <br />authorizes; and (4) at or prior to the time of the redemption, the City satisfies the conditions of <br />clause (a) of this Section 14.3 with respect to such Defeased Debt as though it was being <br />defeased at the time of the exercise of the option to redeem the Defeased Debt, after taking the <br />redemption into account in determining the sufficiency of the provisions made for the payment <br />of the Defeased Debt. <br />ARTICLE XV <br />MISCELLANEOUS <br />Section 15.1. Benefits of Indenture Limited to Parties. <br />Nothing in this Indenture, expressed or implied, is intended to give to any Person other <br />than the City, the Trustee and the Owners, any right, remedy, or claim under or by reason of this <br />Indenture. Any covenants, stipulations, promises or agreements in this Indenture by and on <br />behalf of the City shall be for the sole and exclusive benefit of the Owners and the Trustee. <br />Section 15.2. Successor is Deemed Included in All References to Predecessor. <br />Whenever in this Indenture or any Supplemental Indenture either the City or the Trustee <br />is named or referred to, such reference shall be deemed to include the successors or assigns <br />thereof, and all the covenants and agreements in this Indenture contained by or on behalf of the <br />City or the Trustee shall bind and inure to the benefit of the respective successors and assigns <br />thereof whether so expressed or not. <br />72 <br />