Laserfiche WebLink
<br />8 <br />. <br /> <br />. <br /> <br />. <br /> <br />. <br /> <br />Section 13, Subparagraph (c) of Section 15 in the third <br />line is amended to read in part as follows: <br /> <br />"..,deposits shall be made from Eligible Moneys to the Debt <br />Service Reserve Account,..," <br /> <br />Section l4. Subparagraph (c) of Section 15 is hereby <br />amended by adding the following sentence to the end thereof: <br /> <br />"The Fiscal Agent shall not submit a request pursuant to <br />the Investment Agreement to withdraw funds from the Debt <br />Service Reserve Account in order to reimburse the Bank for <br />draws on the Letter of Credit unless and until a new letter <br />of credit is obtained which replaces the Letter of Credit; <br />such new letter of credit to be in an amount equal to the <br />sum of (i) the then stated amount of the Letter of Credit <br />being replaced, plus (ii) an amount equal to the funds to <br />be withdrawn from the Debt Service Reserve Account," <br /> <br />Section 15. The final sentence of the first paragraph of <br />Section l6 is amended to read in part as follows: <br /> <br />"The moneys held by the Fiscal Agent other than those <br />invested pursuant to the Investment Agreement may only be <br />invested in government obligations with maturities of <br />thirty days or less." <br /> <br />Section 16. The third paragraph, subparagraph (b), of <br />Section 17 in the ninth line is amended to read in part as <br />follows: <br /> <br />"",outstanding Bonds and Parity Bonds, provided that such <br />additional moneys deposited in the Debt Service Reserve <br />Account shall be deposited in a separate subaccount as <br />provided in Section 15(c) and held therein until such time <br />as they become Eligible Moneys, (iii) the disposition..." <br /> <br />Section 17. The following paragraphs are added to Section <br />17 following subparagraph (e): <br /> <br />"(f) receipt of written confirmation from the Bank or <br />issuer of the Alternate Credit Facility that, to the extent <br />the Initial Letter of Credit or Alternate Credit Facility <br />is outstanding, the amount of the Initial Letter of Credit <br />or Alternate Credit Facility will be increased to include <br />the principal amount of the Additional Bonds plus 191 days' <br />interest thereon." <br /> <br />"(g) receipt of written confirmation from Standard & <br />Poor's Corporation that the issuance of Parity Bonds will <br />not result in a reduction or withdrawal of the rating on <br />the Bonds." <br /> <br />1370k/228l/0l <br /> <br />-6- <br />