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. <br /> or the Trustee, the necessary steps to redeem the Series 1992 <br /> Bonds on the nezt succeeding redemption date or dates for which <br /> the required notice of call for redemption may be given; <br /> provided that the failure of the Issuer to do so in a timely <br /> manner shall not create any liability on the part of the <br /> Issuer, its officers or employees . <br /> Section 9 . Covenants of Issuer. In addition to other <br /> covenants of the Issuer in the Bond Legislation and the <br /> Indenture, the Issuer further covenants and agrees as follows : <br /> (a) Payment of Bond Service Charges . The Issuer <br /> will, solely from the sources herein provided, <br /> pay or cause to be paid the Bond Service Charges <br /> on the Series 1992 Bonds on the dates, at the <br /> places and in the manner provided herein and in <br /> the Series 1992 Bonds. <br /> (b) Performance of Covenants Authority and Actions. <br /> The Issuer will, to the best of its knowledge and <br /> ability, at all times faithfully observe and <br /> perform all agreements, covenants, undertakings, <br /> stipulations and provisions contained in the Bond <br /> Legislation, the Agreement, the Bond Purchase <br /> Agreement, the Tas Regulatory Agreement, the <br /> Indenture and the Series 1992 Bonds, and required <br /> therein to be observed and performed by the <br /> Issuer. The Issuer warrants and covenants that <br /> it is, and upon delivery of the Series 1992 Bonds <br /> will be, duly authorized by the Constitution and <br /> laws of the State, including particularly and <br /> without limitation the Act, to issue the Series <br /> 1992 Bonds, to ezecute the Indenture, the Bond <br /> Purchase Agreement, the Taz Regulatory Agreement, <br /> the Agreement and the assignment of the Note, and <br /> to provide the security for payment of the Bond <br /> Service Charges in the manner and to the eztent <br /> herein and in the Indenture set forth; that all <br /> actions on its part for the issuance of the <br /> Series 1992 Bonds and ezecution and delivery of <br /> the Indenture, the Bond Purchase Agreement, the <br /> Agreement, the Tag Regulatory Agreement and the <br /> assignment of the Note, have been or will be duly <br /> and effectively taken; and that the Series 1992 <br /> Bonds will be valid, binding and enforceable <br /> special obligations of the Issuer according to <br /> the terms thereof. Each provision of the Bond <br /> Legislation, Indenture, the Bond Purchase <br /> Agreement, the Agreement, the Tag Regulatory <br /> Agreement and the Series 1992 Bonds is binding <br /> - 14 - <br />