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05-09-2022 FINAL Notice and Agenda Packet
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05-09-2022 FINAL Notice and Agenda Packet
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City Council - City Clerk
City Counci - Date
5/9/2022
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100 <br />Section 13.10. Binding Effect.This Indenture shall inure to the benefit of and shall be <br />binding upon the Issuer and the Trustee and their respective successors and assigns, subject, <br />however, to the limitations contained herein. <br />Section 13.11. Counterparts.This Indenture may be executed in any number of <br />counterparts, each of which shall be regarded as an original and all of which shall constitute but <br />one and the same instrument. <br />Section 13.12. Governing Law.This Indenture and the Bonds shall be deemed to be <br />contracts made under the laws of the State and for all purposes shall be governed by and construed <br />in accordance with the laws of the State. <br />Section 13.13. Notice to Rating Agencies.If the Project Bonds are rated by FitchRatings <br />(“Fitch”), Moody’s or S&P, written notice of any amendment of this Indenture or the Letter of <br />Credit or the Confirming Letter of Credit, if any, any expiration, termination, extension or <br />substitution of the Letter of Credit or the Confirming Letter of Credit, if any, or any material <br />change to the Reimbursement Agreement or any remarketing agreement entered into by the <br />Remarketing Agent and the Borrower, and of conversion to the Fixed Rate shall be sent by the <br />Borrower to Moody’s in advance of such events. The Trustee shall notify Moody’s of (i) any <br />acceleration, redemption (other than scheduled redemptions), mandatory tender or defeasance of <br />the Project Bonds and (ii) any change in identity of the Trustee or the Remarketing Agent. The <br />Borrower or the Trustee, as applicable, shall provide Fitch, Moody’s or S&P with any other <br />information reasonably requested by Moody’s in order to maintain the rating on the Bonds. <br />END OF ARTICLE XIII
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