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1999-063 Council Resolution
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1999-063 Council Resolution
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Last modified
2/16/2016 12:00:15 PM
Creation date
2/16/2016 10:55:28 AM
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City Council
Council Document Type
Resolutions
Meeting Date
08/24/1999
Council Meeting Type
Regular
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6.04. Capitalized terms used herein and defined in the Installment Purchase Contract, the <br />Indenture or the Bond Resolution have the meanings given therein. <br />7.01. The City hereby covenants and agrees that it will comply with and carry out all of the <br />provisions of the Continuing Disclosure Certificate. Notwithstanding any other provision of this <br />Resolution, failure of the City to comply with the Continuing Disclosure Certificate is not to be <br />considered an event of default with respect to the Bonds; however, the Trustee may (and, at the <br />request of any Participating Underwriter or the Holders of at least 25% aggregate principal amount <br />of Outstanding Bonds, the Trustee must) or any Bondholder may take such actions as may be <br />necessary and appropriate, including seeking mandate or specific performance by court order, to <br />cause the City to comply with its obligations under this section. <br />7.02. "Continuing Disclosure Certificate" means that certain Continuing Disclosure <br />Certificate executed by the Mayor and City Clerk -Treasurer and dated the date of issuance and <br />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 />Section 8. <br />adoption. <br />BMB-167653 <br />LN140-68 <br />Effective Date. This resolution shall be effective immediately upon its final <br />
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