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10A Action 2010 0210
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10A Action 2010 0210
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Last modified
9/27/2010 9:44:02 AM
Creation date
9/16/2010 5:30:32 PM
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Staff Report
Document Date (6)
9/20/2010
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_CC Agenda 2010 0920
(Reference)
Path:
\City Clerk\City Council\Agenda Packets\2010\Packet 2010 0920
Reso 2010-124
(Reference)
Path:
\City Clerk\City Council\Resolutions\2010
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• <br /> Section 6.12. Execution in Counterparts. <br /> This Operating Agreement may be executed in several counterparts, each of which shall <br /> be deemed an original, and all of which shall constitute but one and the same instrument. <br /> Section 6.13. Amendments. <br /> • The Users and the Authority may at any time amend or modify any of the provisions of <br /> this Operating Agreement, but only with the prior written consent of the Owners of a majority in <br /> aggregate principal amount of the Outstanding Bonds. <br /> No such amendment shall adversely affect the rights, obligations, immunities or • <br /> indemnities of the Trustee hereunder without the Trustee's written consent. The Authority shall <br /> • obtain and cause to be filed with the Trustee an opinion of Bond Counsel with respect to any <br /> amendment or modification hereof, stating that all conditions precedent to such amendment have <br /> been satisfied. Promptly following the effective date of any amendment or modification <br /> pursuant to this Section, the Authority shall mail written notice thereof to each rating agency <br /> • which then maintains a rating on the Bonds. <br /> Section 6.14. Business Days. <br /> • Any act or thing required to be done or exist on any date set forth herein which does not <br /> constitute a Business Day in any year shall be deemed to be done or to exist on such date if such <br /> act or thing is done or exists on the next date which constitutes a Business Day. <br /> IN WITNESS WHEREOF, the Authority and the undersigned User has entered into this <br /> Operating Agreement effective on the date first written above. <br /> /Signature Pares to Follow. / <br /> • <br /> -23 <br /> Project Operating Agreement 032710 <br />
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