Ordinance 3405-14 - Laserfiche WebLink

(1) Each Conversion Date for the Bonds, except for a Conversion between the Daily Rate Period and Weekly Rate Period (unless such Conversion Date is already a Purchase Date, in which case no separate mandatory tender by operation of this Section 3.10 shall occur); (2) Each Short-Term Rate Mandatory Purchase Date; (3) Each Long-Term Rate Mandatory Purchase Date; (4) The fifth day next preceding the Expiration Date of the Liquidity Facility or Credit Facility in effect with respect to the Bonds (unless, on or prior to the fifth day next preceding such Expiration Date, such Expiration Date is extended); (5) Each Liquidity Facility Date or Credit Facility Date; (6) The Termination Date of the Liquidity Facility, if any; (7) The date the City elects to terminate the Liquidity Facility prior to its expiration; (8) The Non reinstatement Date of the Liquidity Facility, if any; and (9) Each City Elective Purchase Date for the Bonds. (b) Bonds to be purchased pursuant to this Section 3.10 shall be delivered by the Registered Owners thereof to the Tender Agent (together with necessary assignments and endorsements) at or prior to 1:00 p.m.,New York City time, on the applicable Purchase Date. (c) Any Bonds to be purchased by the Tender Agent pursuant to this Section 3.10 that are not delivered for purchase on or prior to the Purchase Date, for which there has been irrevocably deposited in trust with the Bond Registrar or the Tender Agent an amount sufficient to pay the Purchase Price of such Bonds, shall be deemed to have been tendered to the Tender Agent for purchase, and the Registered Owners of such Bonds shall not be entitled to any payment (including any interest to accrue on or after the Purchase Date) other than the respective -69- P\20287 CM\M20287 AMT 10/14/14