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<br />SECTION 11. Beneficiaries. This Undertaking shall inure solely to the benefit of the City and the <br />Bondholders and shall create no rights in any other person or entity. <br /> <br />SECTION 12. Reserved Rights. The City reserves the rights (a) to discontinue providing any <br />information required under the Rule if a final determination should be made by a court of competent jurisdiction <br />that the Rule is invalid or otherwise unlawful and (b) to modify the City's obligations under this Undertaking if such <br />modification is required by the Rule or by a court of competent jurisdiction. <br /> <br />SECTION 13. Prior Compliance. The City has complied with all of its prior undertakings made <br />pursuant to the Rule. <br /> <br />Date: ' 1999 <br /> <br />CITY OF ELK RlVER, MINNESOTA <br /> <br />~L~ ~ - , <br />B . ~i 1"r\,u_ '. 1 <br />Its Mayo ~. 7t <br /> <br />By <br />Its City Administrator <br /> <br />~080UO.l <br /> <br />11-4 <br /> <br />