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14-20 Cedar Glen Bond Ordinance Addendums
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14-20 Cedar Glen Bond Ordinance Addendums
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3/18/2020 2:57:42 PM
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3/18/2020 2:55:23 PM
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City Council - City Clerk
City Council - Document Type
Ordinances
City Counci - Date
3/23/2020
Bill Number
14-20
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(d) Notice of Remarketing Rate. The Remarketing Agent shall, upon determination <br /> of the Remarketing Rate and Remarketing Period, immediately (and in no event later than the <br /> Business Day following the day on which the Remarketing Agent makes its determination of the <br /> Remarketing Rate and the Remarketing Period) give notice of its determination by telephone or <br /> electronic mail, promptly confirmed in writing, to the Trustee, the Issuer and the Borrower. The <br /> Remarketing Rate and the Remarketing Period shall be conclusive and binding upon the Trustee, <br /> the Issuer, the Borrower and the Holders for the purposes of this Indenture. <br /> Section 2.03. Delivery of Bonds. Upon (i) the execution and delivery of this Indenture, <br /> (ii) satisfaction or waiver of the conditions established in the Bond Purchase Agreement for <br /> delivery of the Bonds and (iii) confirmation that the Trustee shall be able to purchase the Initial <br /> Investment on the Closing Date, the Issuer shall execute the Bonds and deliver them to the <br /> Trustee. Thereupon, the Trustee shall authenticate the Bonds and deliver them to, or on the order <br /> of, the Underwriter, as directed by the Issuer in accordance with this Section 2.03. <br /> Before the Trustee delivers any Bonds, the Trustee shall have received a request and <br /> authorization to the Trustee on behalf of the Issuer, signed by an Authorized Official, to <br /> authenticate and deliver the Bonds to, or on the order of, the Underwriter upon payment to the <br /> Trustee of the amount specified therein (including without limitation, any accrued interest), <br /> which amount shall be deposited as provided in Section 5.01 hereof. <br /> (End of Article II) <br /> - 18 - <br />
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