Guam § 10 - Discharge of Indenture.

§ 10. Discharge of Indenture.

If the Government shall pay and discharge the entire

indebtedness on all Bonds Outstanding in any one or more of the

following ways:

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(A) by paying or causing to be paid the principal or

Redemption Price of and interest on Bonds Outstanding, as

and when the same become due and payable;

(B) by depositing with the Trustee, in trust, at or before

maturity, money or noncallable securities in the necessary

amount (as provided in § 10.03) to pay or redeem Bonds

Outstanding; or

(C) by delivering to the Trustee, for cancellation by it,

Bonds Outstanding; and if the Government shall also pay or

cause to be paid all other sums payable hereunder by the

Government, then and in that case, at the election of the

Government (evidenced by a Certificate of the Government,

filed with the Trustee, signifying the intention of the

Government to discharge all such indebtedness and this

Indenture), and notwithstanding that any Bonds shall not

have been surrendered for payment, this Indenture and the

pledge of Revenues and other assets made under this

indenture and ah covenants, agreements and other

obligations of the Government under this Indenture shall

cease, terminate, become void and be completely discharged

and satisfied. In such event, upon Request of the

Government, the Trustee shall cooperate with an accounting

for such period or periods as shall be requested by the

Government to be prepared and filed with the Government

and shall execute and deliver to the Government all such

instruments as may be necessary or desirable to evidence

such discharge and satisfaction, and the Trustee, the

Depositary, the Registrar and any Paying Agents shah pay

over, transfer, assign or deliver to the Government all

moneys or securities or other property held by them pursuant

to this Indenture which are not required for the payment or

redemption of Bonds not theretofore surrendered for such

payment or redemption; provided that such moneys and

securities shall instead be held by the Trustee for the benefit

of the Credit Providers, to be applied as directed by the

Government and the Credit Providers or, in the event of any

conflict in such directions, by a court of competent

jurisdiction, if and to the extent that any Credit Provider shah

have certified to the Trustee that amounts remain due and

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unpaid to such Credit Provider pursuant to its Credit

Agreement. The discharge of the obligations of the

Government under this Indenture shall be without prejudice

to the rights of the Fiduciaries to charge for and be reim-

bursed by the Government for any reasonable and customary

expenditures which may thereafter be incurred in connection

herewith.