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Item 33 - Pension Debt Refinancing and Related Bond Financing
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03/16/2021 Regular
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Item 33 - Pension Debt Refinancing and Related Bond Financing
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8/21/2023 5:29:36 PM
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City Clerk
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Agenda Packet
Agency
Clerk of the Council
Item #
33
Date
3/16/2021
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TABLE OF CONTENTS <br />(continued) <br />Page <br />iii <br />4846-5351-8811v3/200434-0005 <br />Section 11.12 Additional Events of Default and Remedies............................................................ 34 <br />ARTICLE XII <br />TRUSTEE; REGISTRAR <br />Section 12.01 Acceptance of Trusts ............................................................................................... 34 <br />Section 12.02 Duties of Trustee ...................................................................................................... 34 <br />Section 12.03 Rights of Trustee ...................................................................................................... 35 <br />Section 12.04 Individual Rights of Trustee .................................................................................... 36 <br />Section 12.05 Trustee’s Disclaimer ................................................................................................ 36 <br />Section 12.06 Notice of Defaults .................................................................................................... 36 <br />Section 12.07 Compensation of Trustee ......................................................................................... 37 <br />Section 12.08 Eligibility of Trustee ................................................................................................ 37 <br />Section 12.09 Replacement of Trustee ........................................................................................... 37 <br />Section 12.10 Successor Trustee or Agent by Merger.................................................................... 38 <br />Section 12.11 Registrar ................................................................................................................... 38 <br />Section 12.12 Other Agents ............................................................................................................ 38 <br />Section 12.13 Several Capacities .................................................................................................... 38 <br />Section 12.14 Accounting Records and Reports of Trustee ........................................................... 38 <br />Section 12.15 No Remedy Exclusive ............................................................................................. 38 <br />ARTICLE XIII <br />MODIFICATION OF THIS TRUST AGREEMENT <br />Section 13.01 Limitations ............................................................................................................... 39 <br />Section 13.02 Supplemental Agreements Not Requiring Consent of Bondholders ....................... 39 <br />Section 13.03 Supplemental Agreement Requiring Consent of Bondholders ................................ 39 <br />Section 13.04 Effect of Supplemental Agreements ........................................................................ 40 <br />Section 13.05 Supplemental Agreements to be Part of this Trust Agreement ............................... 40 <br />ARTICLE XIV <br />MISCELLANEOUS PROVISIONS <br />Section 14.01 Parties in Interest ..................................................................................................... 41 <br />Section 14.02 Severability .............................................................................................................. 41 <br />Section 14.03 No Personal Liability of City Officials; Limited Liability of City to <br />Bondholders ............................................................................................................. 41 <br />Section 14.04 Execution of Instruments; Proof of Ownership ....................................................... 41 <br />Section 14.05 Governing Law; Venue ............................................................................................ 42 <br />Section 14.06 Notices ..................................................................................................................... 42 <br />Section 14.07 Holidays ................................................................................................................... 43 <br />Section 14.08 Captions ................................................................................................................... 43 <br />Section 14.09 Counterparts ............................................................................................................. 43 <br /> <br />EXHIBIT A FORM OF BOND .................................................................................................. A-1 <br />EXHIBIT B FORM OF REQUISITION .................................................................................... B-1
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