Laserfiche WebLink
7.1.F. - Page 35 <br /> Control Board, which are not secured directly or indirectly by a pledge of <br /> and lien upon the Net Revenues. <br /> Section 3. Debt Service Payments on 2014 Bonds. The City shall pay its <br /> Allocable Share of the Bond Interest and Redemption Expenses relating to the 2014 <br /> Bonds in accordance with Section 3 of the Financing Agreement, in semiannual <br /> installments in the amounts and at the times set forth in the Appendix A. <br /> Section 4. Financing Agreement to Remain in Effect. Except as expressly <br /> amended under Section 2, all of the terms and provisions of the Financing Agreement <br /> shall remain in full force and effect. <br /> Section 5. Governing Law. This First Amendment will be construed in <br /> accordance with and governed by the laws of the State of California. <br /> Section 6. Binding Effect. This First Amendment inures to the benefit of and <br /> is binding upon the Authority, the City and their respective successors and assigns, <br /> subject, however, to the limitations contained herein. <br /> Section 7. Severability of Invalid Provisions. If any one or more of the <br /> provisions contained in this First Amendment are for any reason held to be invalid, <br /> illegal or unenforceable in any respect, then such provision or provisions will be deemed <br /> severable from the remaining provisions contained in this First Amendment and such <br /> invalidity, illegality or unenforceability will not affect any other provision of this First <br /> Amendment, and this First Amendment will be construed as if such invalid or illegal or <br /> unenforceable provision had never been contained herein. The Authority and the City <br /> each hereby declares that it would have entered into this First Amendment and each <br /> and every other Section, paragraph, sentence, clause or phrase hereof irrespective of <br /> the fact that any one or more Sections, paragraphs, sentences, clauses or phrases of <br /> this First Amendment may be held illegal, invalid or unenforceable. <br /> Section 8. Execution of Counterparts. This First Amendment may be <br /> executed in any number of counterparts, each of which will for all purposes be deemed <br /> to be an original and all of which together constitute but one and the same instrument. <br /> Section 9. Third Party Beneficiaries. The Bond Trustee is hereby made a <br /> third party beneficiary hereof and are entitled to the benefits of this First Amendment <br /> with the same force and effect as if the Bond Trustee were a party hereto. <br /> ATTY/AGR/2014/AMENDMENTS/AMEND NO. 1 FINANCING AGREEMENT WITH SBSA <br /> REV:01-17-14 PT <br /> Page 3 of 6 <br />