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<br />-2- <br />obligations of the Authority, and to constitute this Indenture a valid and binding agreement for <br />the uses and purposes herein set forth in accordance with its terms, have been done and taken, <br />and the execution and delivery of this Indenture have been in all respects duly authorized. <br /> <br /> <br />AGREEMENT: <br /> <br />In order to secure the payment of the principal of and the interest and redemption <br />premium (if any) on all the Outstanding Bonds under this Indenture according to their tenor, and <br />to secure the performance and observance of all the covenants and conditions therein and <br />herein set forth, and to declare the terms and conditions upon and subject to which the Bonds <br />are to be issued and received, and in consideration of the premises and of the mutual <br />covenants herein contained and of the purchase and acceptance of the Bonds by the Owners <br />thereof, and for other valuable considerations, the receipt of which is hereby acknowledged, the <br />Authority and the Trustee do hereby covenant and agree with one another, for the benefit of the <br />respective Owners from time to time of the Bonds, as follows: <br /> <br /> <br />Page 18 of 205