My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
1992-06-23 Resolution 57
sbend
>
Public
>
Redevelopment Authority
>
Resolutions
>
1990-1999
>
1992
>
1992-06-23 Resolution 57
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
7/18/2008 5:29:58 PM
Creation date
7/18/2008 5:29:57 PM
Metadata
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
30
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
Show annotations
View images
View plain text
• Section 11. Resignation of Escrow Trustee. The Escrow <br />Trustee may resign, and thereby become discharged from the duties <br />and obligations hereby created, by executing an instrument in <br />writing resigning such duties and specifying the date when such <br />resignation shall take effect, and delivering the same by <br />registered or certified mail to the Authority not less than twenty <br />(20) days before the date specified in such instrument when such <br />resignation shall take effect. Such resignation shall not take <br />effect until the appointment of a successor Escrow Trustee in <br />accordance with Section 13 hereof and acceptance of such <br />appointment by the successor Escrow Trustee. <br />• Section 12. Removal of Escrow Trustee. <br />(~) The Escrow Trustee may be removed at any time by an <br />~• instrument or concurrent instruments in writing, delivered to the <br />Escrow Trustee and the Authority and executed by the holders or <br />owners of not less than fifty-one percent (51%) in aggregate <br />principal amount of the 1988 Bonds then outstanding, but in no <br />'ntment of <br />event shall the removal be effective prior to the appoi <br />a successor Escrow Trustee in accordance with Section 13 hereof <br />and acceptance of such appointment by the successor Escrow Trustee. <br />(b) The Escrow Trustee may also be removed at any time <br />for any breach of trust or for acting or proceeding in violation <br />of, or for failing to act or proceed in accordance with, any <br />provisions of this Agreement with respect to the duties and <br />obligations of the Escrow Trustee by any court of competent <br />jurisdiction upon the application of the Authority or the holders <br /> <br />-12- <br />
The URL can be used to link to this page
Your browser does not support the video tag.