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EDC Packet 2.6.25
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EDC Packet 2.6.25
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2/4/2025 4:08:24 PM
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Dept of Community Investment
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<br /> <br /> - 10 - <br />or property damage caused by the intentional misrepresentation or willful misconduct of either the <br />City or the Trustee. <br />Section 3.6. Payment of Bond Issuance Costs of Bonds, Other Fees and <br />Expenses. The Company hereby covenants and agrees to pay all Issuance Costs (as defined in the <br />Development Agreement), all of which are obligations of the Company. <br />Section 3.7. Other Amounts Payable by the Company. The Company covenants <br />and agrees to pay the following, to the extent that such expenses are not included in the Bonds: <br />(a) All reasonable fees, charges and expenses, including agent and counsel fees and <br />expenses, of the Trustee incurred under the Indenture, as and when the same become due to the <br />extent TIF Revenues are not available. <br />(b) An amount sufficient to reimburse the City for all expenses reasonably incurred by <br />the City under this Agreement and in connection with the performance of its obligations under this <br />Agreement or the Indenture. <br />(c) All reasonable expenses incurred in connection with the enforcement of any rights <br />under this Agreement, the Development Agreement or the Indenture by the City, the Trustee or <br />the Bondholders. <br />(d) All other payments of whatever nature which the Company has agreed to pay or <br />assume under the provisions of this Agreement or the Development Agreement. <br />(End of Article III) <br />
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