Ordinance No. 19313 - Laserfiche WebLink

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authorized by the Refunding Indenture are payable as to principal, premium, if any, and interest solely out of the Rental Payments under the Lease-Purchase Agreement, as amended, between the Trustee and the City, and the Special Trust Funds as defined in the Refunding Indenture. Neither the Refunding Certificates nor the Refunding Indenture constitute a debt or a pledge of the faith and credit of the Trustee. Payments sufficient for the prompt payment, when due, of the principal of, hand] premium, if any, ~ and interest on} the Refunding Certificates are required by the Refunding Indenture to be paid from the Rental Payments to the Trustee from the City. In the event of default a Registered Owner of this Refunding Certificate shall have the right to institute any suit, action or proceeding at law or in equity for the enforcement of the Lease Agreement, the Refunding Indenture, or any remedy thereunder. The Trustee may, without the consent of or notice to the Registered owners, enter into supplemental indentures for the purposes of curing any defect in the Refunding Indenture; conferring additional rights on the Trustee for the benefit of the Registered owners; or subjecting additional revenues to the lien of the Refunding Indenture. If an event of default, as defined in the Refunding Indenture shall occur, the principal of this Refunding Certificate and all certificates secured by the Refunding Indenture then issued and outstanding may be declared due and payable in the manner and with the effect as provided by the Refunding Indenture, but subject to waiver of such default as provided in the Refunding indenture. The obligations of the City under the Lease Agreement may be discharged upon the making of provision for the payment of the Refunding Certificates on the terms and conditions set forth in Article X of the Refunding Indenture. IT IS HEREBY CERTIFIED AND RECITED that all acts, conditions and things necessary to be done by the Trustee precedent to the authentication and delivery of the Refunding Certificates in order to make them legal, valid and binding in accordance with their terms, and in the execution and delivery of the Refunding Indenture, have been done and performed and have occurred as required by law; that the Trustee has, on its behalf, received payment in full far the Refunding Certificates and that the Refunding Certificates do not exceed or vivlat.e any Constitutional or statutory limitation. This Refunding Certificate shall not be ent_i.tled to any security or benefit under the Refunding Indenture or become valid or obligatory for any purpose until the certificate of authentication hereon shall have been signed by the Certificate Registrar. The Trustee certifies that this Refunding Certificate II - 4.