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10B Action 2009 1221
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10B Action 2009 1221
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Last modified
12/17/2009 10:13:45 AM
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12/17/2009 10:13:36 AM
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Staff Report
Document Date (6)
12/21/2009
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_CC Agenda 2009 1221
(Reference)
Path:
\City Clerk\City Council\Agenda Packets\2009\Packet 2009 1221
RDA Reso 2009-024
(Reference)
Path:
\City Clerk\City Council\Resolutions\2009
Reso 2009-170
(Reference)
Path:
\City Clerk\City Council\Resolutions\2009
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on such date pursuant to Section 2.03(a) or a similar provision of a Supplemental Indenture. All <br />moneys in the Redemption Account shall be used and withdrawn by the Trustee solely for the <br />purpose of paying the principal of and premium, if any, on the Series 2010 Bonds and on such <br />other Bonds to be redeemed pursuant to Section 2.03(a) or a similar provision of a <br />Supplemental Indenture on the date set for such redemption. Interest due on the Series 2010 <br />Bonds or such other Bonds to be redeemed on the date set for redemption shall, if applicable, <br />be paid from funds available therefor in the Interest Account. Notwithstanding the foregoing, at <br />any time prior to giving notice of redemption of any such Series 2010 Bonds or such other <br />Bonds, the Trustee may, at the direction of the Agency, apply amounts deposited or otherwise <br />to be deposited in the Redemption Account to the purchase of the Series 2010 Bonds or such <br />other Bonds at public or private sale, as and when and at such prices (including brokerage and <br />other charges, but excluding accrued interest on such Series 2010 Bonds or such other Bonds, <br />which is payable from the Interest Account) as shall be directed by the Agency. <br />27 <br />
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