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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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Last modified
3/18/2020 2:57:42 PM
Creation date
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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The Trustee shall keep such records of the computations made and provided by the <br /> Borrower pursuant to this Section as are required under Section 148(f) of the Code. <br /> The Trustee shall keep and make available to the Borrower such records concerning the <br /> investments of the gross proceeds of the Bonds and the investments of earnings from those <br /> investments as may be requested by the Borrower in order to enable the Borrower to make the <br /> aforesaid computations as are required under Section 148(f) of the Code. <br /> Notwithstanding the foregoing, the computations and payments of Rebate Amounts <br /> referred to in this Section and Section 3.8 of the Agreement need not be made to the extent that <br /> neither the Issuer nor the Borrower will thereby fail to comply with any requirements of Section <br /> 148(f) of the Code based on an Opinion of Bond Counsel. <br /> (End of Article V) <br /> -35 - <br />
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