5 GCA § 5.09
Credit Facility
View official PDF ↗The Trustee hereby agrees to hold each Credit Facility for the benefit of the Holders of the related Series of Bonds. [Appropriate claim/payment provisions to come from Credit Provider] The Government hereby authorizes and directs the Trustee to surrender any Credit Facility to the applicable Credit Provider on the date of termination thereof as provided in such Credit Facility or in the related Credit Agreement, to surrender any Credit Facility to the applicable Credit Provider upon receipt of a substitute for such Credit Facility pursuant hereto and to the Credit Agreement, and, upon the appointment and qualification of a successor Trustee, to surrender Credit Facilities to the respective Credit Providers upon delivery of substitute Credit Facilities by the respective Credit Providers to such successor Trustee pursuant to the provisions of the Credit Agreements. Neither surrender of any Credit Facility by the Trustee nor confirmation in writing of receipt thereof by the applicable Credit Provider shall be deemed to be a condition precedent to any termination of such Credit Facility. Before the effective date of any substitute Credit Facility, the Trustee shall send written notice by first class mail to each of the registered owners of Bonds of the related Series, at their addresses appearing on the bond registration books of the Registrar, stating the identity of the provider of such Credit Facility and the effective date and stated termination date thereof. ---------ARTICLE VI PARTICULAR COVENANTS
Reconstructed from the Guam Code Annotated. For the authoritative version, see the official PDF.