RES 14-39 - Laserfiche WebLink

Home Browse Search

Bond certificates in accordance with this resolution and the provisions hereof will apply to the transfer, exchange and method of payment thereof. 7.05. Payments to Cede & Co. Notwithstanding any other provision of this resolution to the contrary, so long as a Bond is registered in the name of Cede & Co., as nominee of DTC, payments with respect to principal of,premium,if any,and interest on the Bond and all notices with respect to the Bond will be made and given, respectively in the manner provided in DTC's Operational Arrangements,as set forth in the Representation Letter. Section 8. Continuing 5.01. Ci.;E Compliance with Provisions of Continuing; Disclosure Certificate. The City hereby covenants and agrees that it will comply with and carry out all of the provisions of the Continuing Disclosure Certificate. I'notwithstanding any other provision of this Resolution, failure of the City to comply with the Continuing Disclosure Certificate will not be considered an event of default with respect to the Bonds; however, any Bondholder may take such actions as may be necessary and appropriate, including seeking mandate or specific performance by court order, to cause the City to comply with its obligations under this section. 5.02. Execution of Continuing Disclosure Certificate. "Continuing Disclosure Certificate" means that certain Continuing Disclosure Certificate executed by the Mayer and the City Clerk and dated the date of issuance and delivery of the Bonds, as originally executed and as it may be amended from time to time in accordance with the terms thereof. Section f. Defeasance. When all Bonds and all interest thereon have been discharged as provided in this section, all pledges, covenants and other rights granted by t1-Lis resolution to the holders of the Bonds will cease,except that the pledge of the full faith and credit of the City for the prompt and full payment of the principal of and interest on the Bonds will remain in full farce and effect. The City may discharge all Bonds which are due on any date by depositing with the Registrar on or before that date a surn sufficient for the payment thereof in ful.L if any Bond should not be paid when due,it may nevertheless be discharged by depositing with the Registrar a sun, sufficient for the payment thereof in full with interest accrued to the date of such deposit. Passed and adopted this 21st day of July, 2014. WJ. Di� a o r ATTEST: Tina Allard,City Clerk 445655v49S13 El,185-27 10