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wherein the Corporation has failed to perform any such <br />obligation. In the event of default by the Corporation, the <br />City is entitled to pursue any remedy provided by law. <br /> <br />Termination and Disposition of Project <br /> <br /> Upon termination of the Facility Lease, the <br />Corporation agrees to surrender to the City the Demised <br />Premises and title to permanent improvements thereon and <br />Capital Project II. <br /> <br /> THE ASSIGNMENT AGREEMENT <br /> <br /> Pursuant to the Assignment Agreement between the <br />Corporation and the Trustee dated as of October 1, 1987 the <br />Corporation will assign to the Trustee for the benefit of the <br />owners of the Certificates all its rights to receive the Base <br />Rental Payments from the City under the Facility Lease and, <br />effective immediately on default by the City under the <br />Facility Lease and without any further action on the part of <br />the Corporation, any and all of the other rights of the <br />Corporation under the Site Lease and Facility Lease as may be <br />necessary to enforce payment of such rental payments when due <br />or otherwise to protect the interests of the owners of the <br />Certificates. <br /> <br /> THE TRUST AGREEMENT <br /> <br /> The Trust Agreement to be entered into among the <br />City, the Corporation and the Trustee, will be dated as of <br />October 1, 1987 and will be executed prior to the delivery of <br />the Certificates. The Trust Agreement among other things <br />provides for the execution and delivery of the Certificates <br />and sets forth the terms thereof, provides for the creation of <br />certain of the funds described below, includes certain <br />covenants of the City and the Corporation, defines events of <br />default and remedies therefor, and sets forth the rights and <br />responsibilities of the Trustee. Certain provisions of the <br />Trust Agreement setting forth the terms of the Certificates, <br />the prepayment provisions thereof and the use of the proceeds <br />of the Certificates are set forth elsewhere in this Official <br />Statement. See "The Certificates." <br /> <br />The Trustee <br /> <br /> The Trustee will receive all of the Certificate <br />proceeds and Base Rental Payments under the Facility Lease, <br />execute and deliver the Certificates and act as a depository <br />of amounts held thereunder. The Trustee is required to make <br /> <br /> B-18 <br /> 1685S <br /> <br /> <br />