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04-14-2021 Council Packet
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04-14-2021 Council Packet
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1/31/2022 4:05:19 PM
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13068670v2 <br /> <br /> <br />18 <br /> <br />(c) Payments. All payments of principal of, premium, if any, and interest on <br />Bonds while in Book-Entry Form shall be paid to the Depository in accordance with <br />applicable procedures of the Book-Entry System in same day funds by wire transfer. All <br />payments of principal of, premium, if any, and interest on any Bonds in Book-Entry Form <br />due Beneficial Owners shall be made at such times and in such manner as shall be <br />determined by the Depository and the Participants in accordance with applicable <br />procedures of the Book-Entry System. <br />(d) Limitations on Liability. With respect to Bonds in Book-Entry Form, and <br />any Beneficial Owners thereof, except as expressly provided to the contrary herein, the <br />Issuer, the Corporation and the Trustee shall have no responsibility, liability or obligation <br />of any nature whatsoever with respect to (i) the non-payment to any Beneficial Owner or <br />any other person, other than the Depository, of any amount due for principal or interest; <br />(ii) the failure to give any notice or other information to the applicable Beneficial Owner; <br />(iii) the inaccuracy of the records of the Depository or any Participant, or (iv) the failure in <br />any manner of the Depository or any Participant to timely or properly comply with <br />procedures or requirements of the Book-Entry System. No such payment, failure or <br />inaccuracy shall cause an Event of Default under the Indenture or the Loan Agreement. <br /> <br />[The balance of page is intentionally left blank.] <br />
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