Ordinance 3405-14 - Laserfiche WebLink

with such moneys shall have been delivered to or for the account of the Liquidity Facility Provider; (d) To keep such books and records as shall be consistent with prudent industry practice and, upon reasonable advance notice, to make such books and records available for inspection by the City, the Bond Registrar, the Remarketing Agent, the Credit Facility Provider and the Liquidity Facility Provider; and (e) To perform the foregoing duties and obligations subject to and in accordance with the provisions of this ordinance relating thereto and to perform such other duties and responsibilities (including, without limitation, with respect to the Purchase Fund) as are provided in this ordinance to be performed by the Tender Agent. (f) The Tender Agent in performing its duties as set forth herein shall have the rights and immunities including, but not limited to, exculpations and indemnifications, of the Bond Registrar as set forth in this ordinance to the same extent and as fully for all intents and purposes as though such rights and immunities had been set forth at length with respect to the Tender Agent. Section 3.07. Qualifications of Tender Agent. (a) The Tender Agent shall be duly organized under the laws of the United States of America or any state or territory thereof and be (1) a commercial bank and trust company or(2) a national banking association, have a combined capital stock, surplus and undivided profits of at least Fifty Million Dollars ($50,000,000) and be authorized by law to perform all duties imposed upon it by this ordinance. At all times at which the Bonds are not held in book-entry only form, the Tender Agent shall have an office or agency in New York, New York. The Tender Agent may at any time resign and be discharged of the duties and obligations created by this ordinance -58- P\20287 CM\M20287 AMT 10/14/14