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<br /> <br />- <br /> <br />. <br /> <br />ARTICLE ONE <br /> <br />APPOINTMENT OF BANK AS <br />PAYING AGENT AND REGISTRAR <br /> <br />Section 1.01. Appointment. <br /> <br />The Au~hority hereby appoints the Bank to act as <br />paying Agent/Registrar with respect to the Bonds for the <br />purposes of (i) paying to the registered owners of the Bonds <br />the principal of, and interest on, all or any of the Bonds, <br />(ii) maintaining the Bond Register (as defined in section <br />4.01 hereof), in which shall be kept the names and addresses <br />of the registered owners of the Bonds; and (iii) authenti- <br />cating Bonds issued pursuant to the Resolution authorizing <br />~he Bonds, all as described in this Agreement. <br /> <br />The Bank hereby accepts such appointments, and <br />agrees to act as the Paying Agent/Registrar with respect to <br />the Bonds, subject to the terms and conditions of this Aqree~ <br />mente <br /> <br />section' 1.02. Compens a tion . <br /> <br />As compensation for the Bank's services as Paying <br />Agent/Registrar, the Authority hereby agrees to pay the Bank <br />the fees and amounts set forth in Annex A hereto until December 31, <br />1989 and thereafter the fees and amounts set forth in the <br />Bank's current fee schedule then in effect for services as <br />Paying Agent/Registrar for municipalities, which shall be <br />supplied to the Authority on or before October 1 of each <br />year and shall be effective upon January 1 of the following <br />year. <br /> <br />-'. <br /> <br />In addition, the Authority aqrees to reimburse the <br />Bank upon its request for all reasonable expenses, disburse- <br />ments ana advances incurred or made by ~he Bank in accor- <br />dance with any of the provisions hereof (including the rea- <br />sonable compensation and the expenses and disbursements of <br />its agents and counsel). . <br /> <br />.' . <br /> <br />ARTICLE TWO <br />". . '0 <br /> <br />DEFINITIONS <br /> <br />, . . section 2. 01. Definitions. . . <br />. I." .' .' .' .... II.... .... . v ,0. \'...."."...' . . '. . I' .. <br />J .~ ,,;.,.. .-::'~-:"~_;""'~'~' ",T . ~.\..:,.:,..;..I"",,, .~ '.t. -:.... ,'" ~... .~I'" r , ~" ~, . I' .,' ,:..>', ,.I~ :.."~;'~''':~'' '~'( .,~,'a..".o tl ....; '\:' ...~.~. .', . :.~'. !t:.: "r! 0:..,.;.... ..' ,..-:.. ,;....,1 <br /> <br />'.:. .. ~.. . . '. For 'ai'l '~urpos~s '~"f thi'~ Agre~me'nt,' except a~ oth'er- '. '. <br />wise expressly provided or unless the context otherwise requires: <br /> <br />039DESAM/024COl <br /> <br />-2- <br />