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<br />Resolution; and all such actions heretofore taken by such officers are hereby ratified, <br />confirmed and approved. <br /> <br />Section 6. All consents, approvals, notices, orders, requests and other <br />actions permitted or required by any of the documents authorized by this Resolution, <br />whether before or after the sale of the VLF Receivable or the issuance of the Notes, <br />including without limitation any of the foregoing that may be necessary or desirable in <br />connection with any default under or amendment of such documents, may be given or <br />taken by an Authorized Officer without further authorization by this City Council, and <br />each Authorized Officer is hereby authorized and directed to give any such consent, <br />approval, notice, order or request, to execute any necessary or appropriate documents <br />or amendments, and to take any such action that such Authorized Officer may deem <br />necessary or desirable to further the purposes of this Resolution. <br /> <br />Section 7. The City Council acknowledges that, upon execution and <br />delivery of the Sale Agreement, the Seller is contractually obligated to sell the VLF <br />Receivable to the Authority pursuant to the Sale Agreement and the Seller shall not <br />have any option to revoke its approval of the Sale Agreement or to determine not to <br />perform its obligations thereunder. <br /> <br />Section 8. This Resolution shall take effect immediately upon its adoption <br />by the City Council, and the Clerk of the Council shall attest to and certify the vote <br />adopting this Resolution. <br /> <br /> <br />,~ <br /> <br />APPROVED AS TO FORM: <br />J ph . Fletcher, City Attorney <br /> <br /> <br />Resolution No, 2005-010 <br />Page 3 of 5 <br />