My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
Item 38 - Water Revenue Bonds
Clerk
>
Agenda Packets / Staff Reports
>
City Council (2004 - Present)
>
2024
>
06/04/2024
>
Item 38 - Water Revenue Bonds
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
5/30/2024 4:20:09 PM
Creation date
5/29/2024 6:13:54 PM
Metadata
Fields
Template:
City Clerk
Doc Type
Agenda Packet
Agency
Finance & Management Services
Item #
38
Date
6/4/2024
Jump to thumbnail
< previous set
next set >
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
219
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
SECTION 6.20. Additional Covenants. The City may provide additional covenants <br />pursuant to any Supplement, including covenants relating to any Credit Support obtained for <br />Installment Payment Obligations; provided, however, that such additional covenants do not <br />materially and adversely affect the right of Owners of Outstanding Obligations issued prior to any <br />such Supplement. <br />ARTICLE VII <br />PREPAYMENT OF INSTALLMENT PAYMENTS <br />SECTION 7.01. Prepayment of Installment Payments. Provisions may be made in any <br />Supplement for the prepayment of Installment Payments, in whole or in part, in such multiples and <br />in such order of maturity and from funds of any source, and with such prepayment premiums and <br />other terms as are specified in the Supplement. Said Supplement shall also provide for any notices <br />to be given relating to such prepayment. <br />ARTICLE VIII <br />EVENTS OF DEFAULT AND REMEDIES OF THE AUTHORITY <br />SECTION 8.01. Events of Default and Acceleration of Maturities. If one or more of <br />the following Events of Default shall happen, that is to say -- <br />(1) if default shall be made in the due and punctual payment of or on account <br />of any Parity Obligation (other than a Qualified Swap Agreement) as the same shall <br />become due and payable; <br />(2) if default shall be made by the City in the performance of any of the <br />agreements or covenants required herein to be performed by it (other than as specified in <br />clause (1) above and other than any such agreements or covenants, if any, arising in <br />connection with any Qualified Swap Agreement), and such default shall have continued <br />for a period of sixty (60) days after the City shall have been given notice in writing of such <br />default by the Authority; <br />(3) if any Event of Default specified in any Supplement or Issuing Instrument <br />shall have occurred and be continuing; or <br />(4) if the City shall file a petition or answer seeking arrangement or <br />reorganization under the federal bankruptcy laws or any other applicable law of the United <br />States of America or any state therein, or if a court of competent jurisdiction shall approve <br />a petition filed with or without the consent of the City seeking arrangement or <br />reorganization under the federal bankruptcy laws or any other applicable law of the United <br />States of America or any state therein, or if under the provisions of any other law for the <br />relief or aid of debtors any court of competent jurisdiction shall assume custody or control <br />of the City or of the whole or any substantial part of its property; <br />then and in each and every such case during the continuance of such Event of Default the Authority <br />shall upon the written request of the Owners of twenty-five percent (25%) or more of the aggregate <br />24 <br />55394.00068\42092413.3 <br />
The URL can be used to link to this page
Your browser does not support the video tag.