Laserfiche WebLink
• <br /> Upon request of the City, the Authority agrees <br /> to furnish an itemized statement setting forth the <br /> amounts required to be paid by the City on the date <br /> specified in the request by the City in order to purchase <br /> the demised premises in accordance with the preceding <br /> paragraph. The statement shall also set forth the name <br /> of the Trustee under the trust agreement or agreements <br /> securing such outstanding securities and other <br /> indebtedness and obligations of the Authority. <br /> If the City exercises its option to purchase, <br /> the City shall pay to the Trustee referred to above that <br /> portion of the purchase price which is required to pay <br /> all such securities and to all such other indebtedness <br /> and obligations of the Authority, including all premiums <br /> payable on the redemption thereof and accrued and unpaid <br /> interest. Such payment shall not be made until the <br /> Trustee gives to the City a written statement that such <br /> amount will be sufficient to retire all such securities <br /> and other outstanding indebtedness and obligations of the <br /> Authority secured by the trust agreement or agreements <br /> between the Trustee and the Authority, including all <br /> premiums payable on the redemption thereof and accrued <br /> and unpaid interest. <br /> The remainder of such purchase price shall be <br /> paid by the City to the Authority. Nothing herein <br /> contained shall be construed to provide that the City <br /> shall be under any obligations to purchase the demised <br /> premises, or under any obligation in respect to any <br /> creditors or bondholders of the Authority. <br /> 2. The parties hereto acknowledge that all remaining <br /> terms, covenants and conditions as set forth in the Lease between <br /> the parties hereto shall remain in full force and effect. <br /> ******* <br /> 2 <br />