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1 <br />2 <br />3 <br />4 <br />5 <br />6 <br />7' <br />8 <br />9 <br />10 <br />11 <br />12 <br />13 <br />14 <br />15 <br />16 <br />17 <br />1s <br />19 <br />20 <br />21 <br />22 <br />23 <br />24 <br />25 <br />271 28 <br />Agreement establishing the SBIAA as referenced in the recitals <br />hereof and shall have the effect of automatically expelling the <br />City from the membership of the SBIAA as of June 17, 1997, <br />without any further action being required by either the City or <br />any other member jurisdiction of the SBIAA. The City agrees and <br />represents to the holders of the Financing that in the event of <br />such automatic expulsion from the membership of the SBIAA, the <br />City shall execute such documents as may reasonably be requested <br />by any trustee or lender in connection with the Financing or by <br />the SBIAA to evidence such expulsion from the membership of the <br />SBIAA, including, but not limited to, any formal amendment <br />document or certificate of amendment to the JPA Agreement. <br />Upon any such automatic expulsion of the City from the <br />membership of the SBIAA as of June 17, 1997, the City <br />acknowledges and agrees that the City shall remain liable to the <br />trustee or other lender in connection with the Financing and the <br />holders of the Notes for a principal amount not to exceed <br />$500,000, plus accrued and unpaid interest with respect to the <br />principal amount of the Financing, and interest thereon at the <br />rate of interest per annum and in the manner as provided above <br />in addition to any costs, expenses and attorney fees incurred by <br />the trustee, any lender or other holders of the Financing in <br />connection with the collection of the obligation of the City as <br />incurred herein. <br />-5- <br />