2006-06-07 Resolution 158 - Laserfiche WebLink

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I ~. ~.iquida::tr;q the Authority if it is to to l~quidate~'. The ~.essee sha$1 pay tc the Trustee that portion of the purchase price •.Eich fs required ~a grovlde far the payment of all flax-Exernpr Bonds, including all premiums payable on the redempti.or~ thereof , accrued and unpaid interest thereon and costs of redemption thereof. Such payment shall not be made until the Trustee gives the Lessee a written statement that such amount will, 3~ sufficient tQ retire ai.l Tax~Exetapt Bonds including al.l premlunts payable eri the redemption thereof and accrued and unpaid interest. The remainder of such purchase price, i€ ar~y, shall be paid by the Lessee to the Authority. I€ the Lessee determines t4 purchase a part of the Taxable Project, the purchase price shall be equal to the amount determined by the Authority to be required to redeem a corresponding amount of the outstanding Taxable Bands, including all premiums payable cep the redemption thereof, accrued and unpaid interest thereon and the casts o€ redemption thereof. The Lessee s3~a11 pay to the Trustee that portion of the purchase price which is required to provide far the payment cif the amount of the Taxable Bonds identifying by the Authority including all pretnituns payable an the redemption thereof, accrued and unpaid interest thereon and the casts of redemption thereof. such payment sh$11 riot be made until the Trustee gives to the Lessee a written staterc~nt that such amount sha3.1 be sufficient to retire the amount of Taxable Eonds identified by the Authc-ri.ty including sll grerniams on the redemption therea€ ind accru~ci and unpaid interest. The remaitlder of the purchase price, if any, shaall be paid by the Lessee to the Authority. Upon request to the Lessee, the Authority agreets tcs furnish an itemized statement setting forth the amounts required to be paid by the Lessee an the next rental payme~it date in order to purchase the Tax-Exempt Project andJor all ctr a part of the Taxable Pxaject in accordance with the preceding paragraphs. Nothing herein contained sha~.l be construed to provide that the Lessee shall be under any obligation to purchase the Projects, or under any obligation in respect to arty creditors ar bondholders of the Authority. If the LesseC has not exercised its op~:ian to purchase the '£ax-Exempt Project [sr has not exercised ii.s option to purchase all flr part of the Taxable Project, at the expization of the term o€ the Lease and upon the full discharge and perfarnaance by the Lessee of its abli.gatfons under • -~