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AGREEMENT: <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 mutual covenants herein contained <br />and of the purchase and acceptance of the Bonds by the Owners thereof, and for other <br />valuable considerations, the receipt of which is hereby acknowledged, the City and the Trustee <br />hereby covenant and agree with one another, for the benefit of the respective Owners from time <br />to time of the Bonds, as follows: <br />2 <br />