6. EDSR 04-12-2010 - Laserfiche WebLink

Home Browse Search

2.04. In addition to the Escrow Agreement and the Supplemental Indentures, the President and the Secretary are hereby authorized and directed to execute such other documents which are necessary and appropriate to terminate the Lease Agreement and the Lease-Purchase Agreement and defease the Series 2002A Bonds and the Series 20028 Bonds, including but not limited to a termination of the Lease Agreement and the Lease-Purchase Agreement. Such documents are hereby approved in substantially the forms on file with the Authority on the date hereof, with such necessary and appropriate variations, omissions, and insertions as do not materially change the substance thereof, or as the President and the Secretary, in their discretion, shall determine, and the execution thereof by the President and the Secretary shall be conclusive evidence of such determination. 2.05. As of the date of execution of the Escrow Agreement (the "Transfer Date") there will be and are hereby transferred, pledged, and appropriated to the Escrow Account the balance in the reserve fund for the Series 2002A Bonds, together with interest earnings thereon, for payment of the principal and interest of the Series 2002A Bonds on and prior to their maturity dates and on the Redemption Date (as herein defined), as the case may be. It is estimated that such amount, together with such other amounts as are deposited in accordance with the Escrow Agreement, is adequate when invested as therein provided to pay the principal of and interest on the Series 2002A Bonds and the Series 20028 Bonds on and prior to their maturity dates and on the Redemption Date. Section 3. Redemption of Series 2002A Bonds and the Series 20028 Bonds. 3.01. Series 2002A Bonds and the Series 2002E Bonds maturing on February 1 in the years 2014 to and including 2023, comprising all of the Bonds subject to redemption, shall. be prepaid and redeemed on February 1, 2013 (the "Redemption Date") and those Series 2002A Bonds and the Series 20028 Bonds are hereby called for redemption on the Redemption Date. 3.02. The Escrow Agent (as herein defined) is authorized and directed to mail the notice of call for redemption of the Series 2002A Bonds and the Series 20028 Bonds in the forms attached to the Escrow Agreement. 365439v1JSB EL185-11