Resolution 6446 - Laserfiche WebLink

Section 2.04. Termination of the City's Obligation. The obligations of the City hereunder shall terminate upon payment in full of the principal of and interest on all outstanding Bonds, including any Credit Provider Bonds. ARTICLE III Assignment; City Consent Section 3.01. Assignment. The rights of the District hereunder may not be assigned without the prior written consent of the City. Section 3.02. City Consent. The City consents to the absolute assignment by the District of its right under this undertaking to the Bank. ARTICLE IV Miscellaneous Section 4.01. Governing Law; Venue. This undertaking is governed by and shall be construed in accordance with the substantive laws of the State of Washington and shall be liberally construed so as to carry out the purposes hereof. Except as otherwise required by applicable law, any action under this agreement shall be brought in the Superior Court of the State of Washington in and for Snohomish County. Section 4.02. Notices. Except as otherwise provided herein, all notices or other communications required hereunder shall be in writing and shall be sufficiently given if addressed and mailed to the City by first-class, certified or registered mail, postage prepaid and return receipt requested as follows: CITY OF EVERETT Chief Financial Officer—Executive Director Finance Department 2930 Wetmore Ave. Suite 10B Everett, WA 98201 The City may by notice given hereunder to the District or its assignee, designate any further or different addresses to which subsequent notices, certificates, requests or other communications shall be sent.