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ARTICLE VIII <br />MISCELLANEOUS <br /> <br /> Section 8.01. Benefits of Resolution Limited to Parties. Nothing in <br />this Resolution, expressed or implied, is intended to give any person other <br />than the City and the Bank any right, remedy, or claim under or by reason of <br />this Resolution. Any covenants, stipulations, promises or agreements in this <br />Resolution contained by and on behalf of the City shall be for the sole and <br />exclusive benefit of the Bank. <br /> <br /> Section 8.02. Successor is Deemed Included in All References to <br />Predecessor. Whenever in this Resolution or any Supplemental Resolution <br />either the City or the Bank is named or referred to, such reference shall be <br />deemed to include the successors or assigns thereof, and all the covenants and <br />agreements in this Resolution contained by or on behalf of the City or the <br />Bank shall bind and inure to the benefit of the respective successors and <br />assigns thereof whether so expressed or not. <br /> <br /> Section 8.03. Discharge of Resolution. If the City shall pay and <br />discharge the entire indebtedness on the Note Outstanding in any one or more <br />of the following ways: <br /> <br /> (al by well and truly paying <br />or and interest on the Note Outstanding, <br />payable; <br /> <br />or causing to be paid the principal <br />as and when the same become due and <br /> <br /> (b) by depositing with the Bank, in trust, at or before maturity, <br />money which, together with the amounts then on deposit in the funds and <br />accounts provided for in Sections 3.03 and 4.03, is fully sufficient to pay <br />the Note Outstanding, including all principal and interest; or <br /> <br /> (c) by depositing with the Bank, in trust, Federal Securities or <br />general obligation bonds of the State of California in such amount as the Bank <br />shall determine will, together with the interest to accrue thereon and moneys <br />then on deposit in the funds and accounts provided for in Section 3.03 and <br />4.03, be fully sufficient to pay and discharge the indebtedness on the Note <br />(including all principal and interest} at or before its maturity; <br /> <br />then, at the election of the City and notwithstanding that the Note shall not <br />have been surrendered for payment, the pledge of the Revenues and other funds <br />provided for in this Resolution and all other obligations of the City and the <br />Participating Party under this Resolution with respect to the Note Outstanding <br />shall cease and terminate. Notice of such election shall be filed with the <br />Bank. <br /> <br /> Section 8.04. Execution of Documents and Proof of Ownership by Bank. <br />Any request, declaration or other instrument which this Resolution may require <br />or permit to be executed by the Bank may be in one or more instruments of <br /> <br />19 <br /> <br /> <br />