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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 />18 <br />19 <br />20 <br />21 <br />23 <br />24 <br />25 <br />26 <br />27 <br />28 <br />including, but not limited to, any formal amendment document or <br />certificate of amendment to the JPA Agreement. <br />Section 4. The City agrees that in the event one or <br />more current Members of the SBIAA should fail to extend the <br />required loan amounts applicable to said Member or Members as <br />provided in the Loan Agreement, that portion allocable to any <br />such defaulting Member or Members of the SBIAA may be assumed by <br />the City, but the City shall not be required to so assume nor <br />will the City be compelled to assume such allocable portion <br />attributable to a defaulting Member or Members. Such allocable <br />portion of obligated Member or Members may be assumed either in <br />whole or in cooperation with one (1) or more nondefaulting Member <br />or Members. Under such voluntary assumption by the City of the <br />allocable portions of a defaulting Member or Members the amount <br />of the loan to the SBIAA for which the City shall be responsible <br />will be increased by a proportionate amount as required to <br />reallocate the delinquent amounts not loaned by a defaulting <br />Member or defaulting Members. The City further acknowledges and <br />agrees that in the event all other Members should default in <br />their respective obligations to pay all amounts when due, either <br />pursuant to the terms of the Loan Agreement or with respect to <br />the other debts, obligations and administrative and operating <br />expenses of the SBIAA, the City may assume, but shall not be <br />required to assume nor will the City be compelled to assume, <br />either separately or in cooperation with one (1) or mored <br />5 <br />