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THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A (6).
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THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A (6).
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7/8/2014 4:59:37 PM
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7/8/2014 4:51:29 PM
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Contracts
Company Name
THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.
Contract #
A-2014-133-E
Agency
FINANCE & MANAGEMENT SERVICES
Council Approval Date
6/3/2014
Destruction Year
0
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(c) The execution and delivery by the City of an Internal Revenue Service Form 8038 -G <br />in a form acceptable to Special Counsel and the Purchasers <br />(d) Delivery of a legal opinion addressed to the City, with a reliance letter to each of the <br />aftd-fig,- Purchasers, dated the Closing Date, of Quint & Thimmig LLP, as Special Counsel, with <br />respect to (i) the validity and enforceability of the Lease Agreement, the Site and Facility Lease, <br />and the Assignment Agreements by and against the City and the Authority (as applicable), (ii) <br />the tax - exempt status of the interest component of the Lease Payments, and (iii) such other <br />matters as may be requested by the Purchasers in form and substance acceptable to the <br />Purchasers, <br />(e) The delivery of a certificate dated the Closing Date and signed by the City Manager, <br />or such other officer of the City as the City Council may approve, to the effect that: <br />(i) to the best knowledge of the City, there are no actions or proceedings against <br />the City pending and notice of which has been served on the City or threatened that <br />materially adversely affect the City's ability to pay the Lease Payments or to perform its <br />obligations under the Site and Facility Lease and Lease Agreement; <br />(ii) the representations and warranties of the City contained in this agreement <br />and the Lease Agreement are true and correct in all material respects on and as of the <br />Closing Date with the same effect as if made on the Closing Date; and <br />(iii) the City acknowledges receipt from the Purchasers, on behalf of the <br />Authority, of the advance rental payment specified in Section 4 of the Site and Facility <br />Lease; <br />(f) The delivery by the City of a title policy for the property that is the subject of the Site <br />and Facility Lease and Lease Agreement in form acceptable to the Purchasers <br />(g) The execution and delivery by the City of a certificate as to arbitrage; and <br />(h) The delivery by each of the Purchasers of an investor letter in form and substance as <br />attached hereto as Exhibit B. <br />(i) Such other documents as may be reasonably requested by the Purchasersg. <br />7. Events Permitting the Purchasers to Terminate. The Purchasers may terminate their <br />obligation to purchase the Authority's rights, title and interest under the Site and Facility Lease <br />and the Lease Agreement before the Closing Date if any of the following occurs: <br />(a) any legislative, executive or regulatory action (including the introduction of <br />legislation) or any court decision that, in the judgment of the Purchasera, casts sufficient doubt <br />on the legality of or the tax- exempt status of the interest component of obligations such as those <br />represented by the Lease Agreement and the Lease Payments so as to materially impair the <br />marketability or to materially reduce the market price of such obligations, in the reasonable <br />opinion of the Purchasers <br />(b) any action by the Securities and Exchange Commission or a court that would require <br />registration of the Lease Agreement under the Securities Act of 1933, as amended; or <br />(c) any event occurs or becomes known that has a material adverse effect on the financial <br />condition of the City or on the ability of the City or the Authority to perform under the Site and <br />Facility Lease, the Lease Agreement or the Assignment Agreements. <br />-5- <br />�i 1. M;�. <br />
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