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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
Creation date
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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Section 11. Duties, Immunities and Liabilities of Dissemination Agent. The <br />Dissemination Agent shall have only such duties as are specifically set forth in this Disclosure <br />Certificate, and the Issuer agrees to indemnify and save the Dissemination Agent, its officers, <br />directors, employees and agents, harmless against any loss, expense and liabilities which it <br />may incur arising out of or in the exercise or performance of its powers and duties hereunder, <br />including the costs and expenses (including attorneys fees) of defending against any claim of <br />liability, but excluding liabilities due to the Dissemination Agent's negligence or willful <br />misconduct. Article VI of the Indenture is hereby made applicable to this Disclosure Certificate <br />as if this Disclosure Certificate were (solely for this purpose) contained in the Indenture, and the <br />Dissemination Agent shall be entitled to the same protections, limitations from liability and <br />indemnities as are afforded the trustee under the Indenture. The obligations of the Issuer <br />under this Section shall survive resignation or removal of the Dissemination Agent and payment <br />of the Bonds. <br />F-5 <br />
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