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AgdaPkt 2017-01-23 Closed and Joint
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AgdaPkt 2017-01-23 Closed and Joint
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Last modified
1/24/2017 10:22:46 AM
Creation date
1/19/2017 3:58:58 PM
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Template:
CC Index
CC Index - Document Type
Agenda Packet
Meeting Type
Joint
Agency Type
City Council and Successor Agency and Public Financing Authority
Date
1/23/2017
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<br />27 <br /> <br />(iii) to make such additions, deletions or modifications as may be necessary <br />or appropriate to assure the exclusion of interest on the Bonds from federal or State <br />income taxes; <br /> <br />(iv) to provide for the issuance of Parity Obligations as provided for in Section <br />4.03 hereof or the issuance of Additional Bonds as provided for in the Indenture; <br /> <br />(v) to make such other changes herein or modifications hereto as the <br />Authority or the City may deem desirable or necessary, and which shall not materially <br />adversely affect the interests of the Owners. <br /> <br />Any amendment made in violation of this Section 8.11 shall be a nullity and void. <br /> <br />Section 8.12. Effective Date. <br /> <br />This Installment Purchase Contract shall become effective upon its execution and <br />delivery, and shall terminate when all Installment Payments shall have been fully paid and the <br />Bonds are no longer Outstanding (or provision for the payment thereof shall have been made to <br />the written satisfaction of the Authority pursuant to Article IX of the Indenture); provided, that the <br />obligation of the City to compensate the Trustee, and indemnify the Authority and the Trustee, <br />shall survive the termination of this Installment Purchase Contract. <br /> <br />Section 8.13. Execution in Counterparts. <br /> <br />This Installment Purchase Contract maybe executed in several counterparts, each of <br />which shall be deemed an original, and all of which shall constitute but one and the same <br />instrument. <br /> <br /> [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] <br /> <br />8.C. - Page 189
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