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be surrendered to the City, and in the case of a lost, stolen or destroyed Note, there shall be first furnished to the City and the Company evidence of such loss, theft or destruction satis- factory to the city and the Borrower, together with indemnity satisfactory to them. The city and Borrower may charge the Holder with their reasonable fees and expenses in replacing any mutilated, lost, stolen or destroyed Note. 10. Transfer of Note; Person Treated as Holder. The Note shall be transferable by. the Holder on the note register of the City, upon presentation of the Note for notation of such transfer thereon at the office of the City Clerk-Treasurer, as note registrar, accompanied by a written instrument of transfe.I' in form satisfactory to the city Clerk-Treasurer and the City Attorney duly executed by the Holder or its attorney duly autho- rized in writing. The Holder seeking to transfer ownership of such Note shall also give written notice thereof prior to the time that the next payment is due thereunder to the Company, Such Note shall continue to be sUbject to successive transfers at the option of the Holder of the Note. No service charge shall be made for any such transfer, but the City Clerk-Treasurer may require payment of a sum sufficient to cover any tax or other governmental charge payable in connection therewith, The person in whose name the Note shall be issued or, if transferred, shall be registered from time to time shall be deemed and regarded as the absolute Holder thereof for all purposes, and payment of or on account of the principal of and interest on such Note shall be made only to or upon the order of the Holder thereof, or its attorney duly authorized in writing, and neither the City, the City Clerk-Treasurer, the Borrowers, nor the Holder shall be affected by any notice to the contrary. All such payments shall be valid and effectual to satisfy and discharge the liability upon the Note to the extent of the sum or sums so paid, The Note shall be initially registered in the name of the Lender. 11. Amendments, Changes and MOdifications to Loan Agreement, Construction Loan Agreement and Bond Resolution. Except pursuant to Section 9.09 of the Loan Agreement, the City shall not enter into or make any change, modification, alteration or termination of the Loan Agreement, the Construction Loan Agreement, the Loan Agreement Assignment or this Bond Resolution. 12. Pledge to Holder. Pursuant to the Loan Agreement Assignment, the City shall pledge and assign to the Lender and its successor Holders of the Note all interest of the City in the revenues of the Project and the Project facilities, including all Loan Repayments to be made by the Company under the Loan Agreement and the interest of the city in any moneys derived from enforcement. of the Mortgage, Lease Assignment or the Guaranty. All collections of moneys by the City in any proceeding for enforcement of the Obligations of the Borrowers under the Loan Agreement, the Mortgage, Lease Assignment or the Guaranty shall be received, held and applied by the City for the benefit of the Holder of the Note. -6-