Ord 1992-032 - Laserfiche WebLink

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(d) Upon the satisfaction of Ameritrust and the Issuer that a Obligation has been mutilated, destroyed, lost or stolen, and upon receipt by Ameri trust and the Issuer of such indemnity or security as they may require, Ameritrust shall cancel the Obligation number on the Obligation registered with a notation in the Register that said Obligation has been mutilated, destroyed, lost or stolen, and a new Obligation shall be issued of the same series and of like tenor and principal amount bearing a number, according to the Register, not contemporaneously outstanding. (e) Ameritrust may charge the Owner Ameritrust's fees and expenses in connection with issuing a new Obligation in lieu of or exchange for a mutilated, destroyed, lost or stolen Obligation. (f) The Issuer hereby accepts Ameritrust's current blanket certificate for lost, stolen or destroyed Obligations and any future substitute blanket certificate for lost, stolen or destroyed Obligations that Ameritrust may arrange, and agrees that the coverage under any such blanket certificate is acceptable to it and meets the Issuer's requirements as to security or indemnity. Ameritrust need not notify the Issuer of any changes in the security or the company giving such certificate or the terms of any such certificate, provided that the amount of such certificate is not reduced below the amount of the certificate on the date of execution of this Agreement. The blanket certificate then utilized by Ameritrust for lost, stolen or destroyed Obligations by Ameritrust is available for inspection by the Issuer on request. Section 4.07. Transaction Information to Issuer. Ameritrust will, within a reasonable time after receipt of written request from the Issuer, furnish the Issuer information as to the Obligations it has paid pursuant to Section 3.01, the Obligations that it has delivered upon the transfer or exchange of any Obligations pursuant to Section 4.01, and the Obligations that it has delivered in exchange for or in lieu of mutilated, destroyed, lost or stolen Obligations pursuant to Section 4.06. ARTICLE FIVE AMERITRUST Section 5.01. Duties of Ameritrust. Ameritrust undertakes to perform the duties set forth herein and in accordance with the Bond Resolution and agrees to use reasonable care in the performance thereof. Ameritrust hereby agrees to use the funds deposited with it for payment of the principal of, premium, if any, and interest on the Obligations to pay the Obligations as the same shall become due and further agrees to establish and maintain all accounts and funds as may be required for Ameritrust to function as Paying Agent. 4336f -7-