Trust Agreement 

Agreement between the issuer and the trustee
(1) authorizing and securing the bonds;
(2) containing the issuer?s covenants and obligations with respect to the project and payment of debt service;
(3) specifying the events of default; and (4) outlining the trustee?s fiduciary responsibilities and bondholders' rights. Generally does not include an assignment to the trustee of collateral to secure the payment of debt service.