My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
SAFA_FULL PACKET_2014-08-05
Clerk
>
Agenda Packets / Staff Reports
>
Financing Authority (2004 - Pesent)
>
2014
>
08/05/2014
>
SAFA_FULL PACKET_2014-08-05
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
8/4/2014 9:46:28 AM
Creation date
8/4/2014 9:45:37 AM
Metadata
Fields
Template:
City Clerk
Doc Type
Agenda Packet
Agency
Clerk of the Council
Item #
1
Date
8/5/2014
Destruction Year
2019
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
20
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
WHEREAS, it is therefore necessary to amend the Indenture to permit the <br />"defeased" 1994 Bonds and the "non - defeased" 1994 Bonds maturing on July 1, 2016, <br />and July 1, 2018, to be issued in the denomination of $5,000 and integral multiples of <br />$2,500; <br />WHEREAS, Section 8.01(a) of the Indenture, authorizes the execution of a <br />supplement to the Indenture without the consent of the owners of the 1994 Bonds, after <br />the receipt of an approving Opinion of Counsel, to make such provisions for the purpose <br />of curing and ambiguity or of correcting, curing or supplementing any defective provision <br />contained therein or in regard to questions arising thereunder which the Authority may <br />deem desirable or necessary and not inconsistent therewith and which shall not <br />adversely affect the interest of the Owners of the 1994 Bonds or the Bond Insurer; and <br />WHEREAS, the Authority and the Trustee will receive, as a condition precedent <br />to the effectiveness of this Second Supplement, an Opinion of Counsel confirming that <br />this Second Supplement is made for the purpose of curing and ambiguity or of <br />correcting, curing or supplementing any defective provision contained in the Indenture <br />and does not adversely affect the interest of the Owners of the 1994 Bonds or the Bond <br />Insurer; <br />NOW, THEREFORE, the parties hereto, for good and valuable consideration the <br />receipt of which is acknowledged, and intending to be legally bound hereby, agree as <br />follows: <br />Section 1. Definitions. All defined terms used in this Second Supplement and the <br />Recitals hereto, unless defined elsewhere in this Second Supplement, shall have the <br />meanings given to those terms in the Indenture. <br />Section 2. Amendment of Section 1.01 of the Indenture. The definition of <br />"Authorized Denomination" set forth in Section 1.01 of the Indenture is hereby amended <br />in full as follows: <br />Authorized Denominations <br />The term "Authorized Denominations" means, with respect to Current <br />Interest Bonds, $5,000 and any integral multiple of $5,000 and, with respect to <br />Capital Appreciation Bonds, $5,000 maturity amount, being denominations of <br />initial principal amount (as set forth in Section 2.02 hereof for 1994 Bonds) for <br />Capital Appreciation Bonds of the corresponding maturity, or any integral multiple <br />thereof; provided, however, that in connection with the June 2014 defeasance of <br />50% of the 1994 Bonds, "Authorized Denominations" with respect to the 1994 <br />Bonds maturing on July 1, 2016, and July 1, 2018, means $5,000 and any <br />integral multiple of $2,500. <br />Exhibit A <br />Page 2 <br />4 -7 <br />
The URL can be used to link to this page
Your browser does not support the video tag.