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04-078
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04-078
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7/8/2005 3:36:35 PM
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7/8/2005 10:17:56 AM
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<br />,II <br />! ' <br /> <br />. , <br /> <br />, . <br /> <br /> <br />ill notify the Participants, of the availability through DTC of Bond certificates. In such event the <br />ity will issue, transfer and exchange Bond certificates as requested by DTC and any other <br />gistered owners in accordance with the provisions of this Resolution. DTC may determine to <br />is continue providing its services with respect to the Bonds at any time by giving notice to the City <br />d discharging its responsibilities with respect thereto under applicable law. In such event, if no <br />ccessor securities depository is appointed, the City will issue and the Bond Registrar will <br />uthenticate Bond certificates in accordance with this resolution and the provisions hereof will <br />pply to the transfer, exchange and method of payment thereof. <br /> <br /> <br />7.05. Payments to Cede & Co. Notwithstanding any other provision ofthis Resolution to <br />e contrary, so long as a Bond is registered in the name of Cede & Co., as nominee of DTC, <br />ayments with respect to principal of, premium, if any, and interest on the Bond and notices with <br />espect to the Bond will be made and given, respectively in the manner provided in DTC's <br />perational Arrangements, as set forth in the Representation Letter. <br /> <br />ection 8. Continuing Disclosure. <br /> <br />8.01. The City hereby covenants and agrees that it will comply with and carry out all of the <br />rovisions of the Continuing Disclosure Certificate. Notwithstanding any other provision of this <br />esolution, failure of the City to comply with the Continuing Disclosure Certificate is not to be <br />onsidered an event of default with respect to the Bonds; however, any Bondholder may take such <br />ctions as may be necessary and appropriate, including seeking mandate or specific performance <br />y court order, to cause the City to comply with its obligations under this section. <br /> <br />8.02. "Continuing Disclosure Certificate" means that certain Continuing Disclosure <br />ertificate executed by the Mayor and City Manager and dated the date of issuance and delivery of <br />he Bonds, as originally executed and as it may be an1ended from time to time in accordance with <br />he terms thereof. <br /> <br />S18-252 4vl <br />NEJ36- <br /> <br />! <br />!I <br />
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