Official Statement Airport Commission City and County of San ...

Rights and Duties of the Trustee
(f) to provide for the issuance of, and to set the terms and conditions of, each additional Series
of Bonds, including covenants and provisions with respect thereto which do not violate the
terms of the 1991 Master Resolution;
(g) to add requirements the compliance with which is required by a Rating Agency in
connection with issuing a rating with respect to any Series of Bonds;
(h) to confirm, as further assurance, any interest of the Trustee in and to Net Revenues or in
and to the funds and accounts held by the Trustee or in and to any other moneys, securities
or funds of the Commission provided pursuant to the 1991 Master Resolution;
(i) to comply with the requirements of the Trust Indenture Act of 1939, as amended, to the
extent applicable;
(j) to provide for uncertificated Bonds or for the issuance of coupon or bearer Bonds or Bonds
registered only as to principal;
(k) to accommodate the use of a Credit Facility for specific Bonds or a Series of Bonds;
(l) to designate any other airports, airfields, landing places or places for the take-off and
landing of aircraft, together with related facilities or property, which are hereafter owned,
controlled or operated by the Commission or over which the Commission has possession,
management, supervision or control as not a part of the Airport; and
(m) to make any other change or addition to the 1991 Master Resolution which, in the opinion
of nationally recognized bond counsel, will not have a material adverse effect on the
interests of the Holders of the Bonds.
The Trustee may resign at any time. Written notice of such resignation must be given to the
Commission and such resignation will take effect upon the later of the date 90 days after receipt of such notice by the
Commission and the date of the appointment, qualification and acceptance of a successor Trustee. In the event a
successor Trustee has not been appointed and qualified within 60 days after the date notice of resignation is given, the
Trustee or the Commission may apply to any court of competent jurisdiction for the appointment of a successor Trustee
to act until such time as a successor is appointed.
In addition, the Trustee may be removed at any time by the Commission so long as (i) no Event of
Default has occurred and is continuing and (ii) the Commission determines that the removal of the Trustee will not
have an adverse effect upon the rights or interests of the Holders of Bonds. Subject to clause (ii) of the preceding
sentence, in the event the Trustee becomes Insolvent, the Commission may remove the Trustee by written notice
effective immediately upon the appointment, qualification and appointment of a successor Trustee.
In the event the Trustee resigns, is removed, is dissolved, becomes Insolvent or otherwise becomes
incapable to act as the Trustee, the Commission is entitled to appoint a successor Trustee. In any event, no removal or
resignation of the Trustee will be effective until a successor trustee has accepted appointment by the Commission.
Unless otherwise ordered by a court or regulatory body, or unless required by law, any successor
Trustee will be a trust company or bank having the powers of a trust company as to trusts, qualified to do and doing
trust business within the State of California and having an officially reported combined capital, surplus, undivided
profits and reserves aggregating at least $50,000,000; provided, such an institution is willing, qualified and able to
accept the trust upon reasonable or customary terms.
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