Laserfiche WebLink
(r) Between the date hereof and the Closing Date, the City will not supplement or <br />amend the City Documents, the Resolution or the Official Statement in any respect that is material <br />to the obligations of the City under this Purchase Agreement without the prior written consent of <br />the Underwriter, which consent shall not be unreasonably withheld. <br />Section 5. Underwriter's Representations, Covenants and Agreements. The <br />Underwriter represents and covenants and agrees with the City that the Underwriter has been duly <br />authorized to enter into this Purchase Agreement and to act hereunder. <br />Section 6. Offering. <br />(a) It shall be a condition to the City's obligations to sell and to deliver the Bonds to <br />the Underwriter and to the Underwriter's obligations to purchase and to accept delivery of the <br />Bonds that the entire $ principal amount of the Bonds shall be issued, sold and delivered <br />by or at the direction of the City and purchased, accepted and paid for by the Underwriter at the <br />Closing. On or prior to the Closing, the Underwriter will provide the City with information <br />regarding the reoffering prices and yields on the Bonds, in such form as the City may reasonably <br />request. <br />(b) The Underwriter agrees to make a bona fide public offering of all the Bonds, at <br />prices not in excess of the initial public offering prices as set forth in the Official Statement and in <br />Exhibit D attached hereto. The Underwriter may offer and sell the Bonds to certain dealers <br />(including dealers depositing the Bonds into investment trusts) and others at prices lower than the <br />public offering price stated on the cover of the Official Statement. The Underwriter will provide, <br />consistent with the requirements of MSRB, for the delivery of a copy of the Official Statement to <br />each customer who purchases a Bond during the underwriting period. The Underwriter further <br />agrees that it will comply with applicable laws and regulations, including without limitation <br />Rule 15c2-12, in connection with the offering and sale of the Bonds. <br />(c) Issue Price. Notwithstanding any provision of this Purchase Agreement to the <br />contrary, the Underwriter and City agree to the following provisions related to the issue price of <br />the Bonds: <br />(1) For purposes of this section, the following defmitions apply: <br />(i) "Public" means any person other than an underwriter or a related party to an <br />underwriter. <br />(ii) "underwriter" means (A) any person that agrees pursuant to a written contract with <br />the City, as accepted and agreed to by its Controller, (or with the lead underwriter for the <br />Bonds to form an underwriting syndicate) to participate in the initial sale of the Bonds to <br />the public and (B) any person that agrees pursuant to a written contract directly or indirectly <br />with a person described in clause (A) to participate in the initial sale of the Bonds to the <br />public (including a member of a selling group or a party to a retail distribution agreement <br />participating in the initial sale of the Bonds to the public). <br />(iii) "Related Party" means a purchaser of any of the Bonds who, along with the <br />underwriter, are both subject, directly or indirectly, to (i) more than 50% common <br />ownership of the voting power or the total value of their stock, if both entities are <br />corporations (including direct ownership by one corporation of another), (ii) more than <br />50% common ownership of their capital interests or profits interests, if both entities are <br />55A6131 <br />