1985-61 CRA - Laserfiche WebLink

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. . I . . purchase to the Remarketing Agent, and the Owners of such Untendered Bonds shall not be entitled to any payment (including any interest to accrue on or after the applicable Reset Date) other than the respective Purchase Prices of such Untendered Bonds, and such Untendered Bonds shall not be entitled to any benefits of this Resolution, except for payment of such Purchase Price out of the moneys deposited for such payment as aforesaid. ' E. Alternate Credit Facility. On or prior to the fifteenth day prior to each Reset Date, the Agency shall file with the Fiscal Agent and the Remarketing Agent a commitment for an Alternate Credit Facility covering the payment of principal of and interest on the Bonds for the next Reset Period and, unless the Reset Period extends to the final maturity date on the Bonds, the payment of the Purchase Price of all Outstanding Bonds as provided for in Section 5D above. In the event the Reset Period extends to the final maturity of the Bonds, the Agency may elect not to provide an Alternate Credit Facility, in which case the Agency shall so notify the Remarketing Agent not later than ten (10) Business Days prior to the Reset Date. Section 6. Place of Payment. The principal of the Bonds and any premiums upon the redemption thereof prior to maturity, together with the final payment of interest thereon, shall be payable in lawful money of the United States of America and shall be payable at the corporate trust office of the Paying Agent in New York, New York or the Fiscal Agent in Los Angeles, California. Interest on the Bonds shall be paid to the registered owner thereof as his name appears on the register kept by the Fiscal Agent at the close of business on the Record Date, by check or draft of the Fiscal Agent. Section 7. Form of Bonds. The Bonds shall be substantially in the form annexed hereto as Exhibit "A". Such form is hereby approved and adopted as the form of the Bonds and of the redemption, exchange, registration and assignment provisions pertaining to them, with necessary or appropriate variations, omissions, and insertions, as permitted or required by this Resolution. Any Bonds issued pursuant to this Resolution may be initially issued in temporary form exchangeable for definitive Bonds when the same are ready for delivery. The temporary Bonds may be printed, lithographed or typewritten, shall be of such denominations as may be determined by the Agency, shall be without coupons and may contain references to any of the provisions of this Resolution as may be appropriate. Every temporary Bond shall be executed by the Agency and be authenticated by the Fiscal Agent upon the same conditions and 12-28-85 0O63k/228lj05 -13-