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2010-042 Council Resolution
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2010-042 Council Resolution
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Last modified
9/2/2014 1:52:36 PM
Creation date
9/2/2014 8:34:07 AM
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City Council
Council Document Type
Master List Resolution
Meeting Date
05/10/2010
Council Meeting Type
Regular
Resolution #
10-42
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• <br />• <br />• <br />8.05. Payments to Cede & Co. Notwithstanding any other provision of this Resolution <br />to the contrary, so long as a Bond is registered in the name of Cede & Co., as nominee of DTC, <br />payments with respect to principal of, premium, if any, and interest on the Bond and notices with <br />respect to the Bond will be made and given, respectively in the manner provided in DTC's <br />Operational Arrangements as set forth in the Representation Letter. <br />Section 9. Continuing Disclosure. <br />9.01. The City hereby covenants and agrees that it will comply with and carry out all of <br />the provisions of the Continuing Disclosure Certificate. Notwithstanding any other provision of <br />this Resolution, failure of the City to comply with the Continuing Disclosure Certificate will not <br />be considered an event of default with respect to the Bonds; however, any Bondholder may take <br />such actions as may be necessary and appropriate, including seeking mandate or specific <br />performance by court order, to cause the City to comply with its obligations under this section. <br />9.02. "Continuing Disclosure Certificate" means that certain Continuing Disclosure <br />Certificate executed by the Mayor and Acting City Administrator and dated the date of issuance <br />and delivery of the Bonds, as originally executed and as it may be amended from time to time in <br />accordance with the terms thereof. <br />367721v1 SJB LN140 -106 <br />18 <br />
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