Ordinance 3405-14 - Laserfiche WebLink

(4) To offer for sale and use its best efforts to find purchasers for the Bonds tendered for purchase, any such sale to be made at a price equal to 100% of the principal amount thereof plus accrued interest to the Purchase Date or at such other price as may be permitted under the terms of this ordinance, in accordance with the terms of this ordinance; (5) To deliver to the Tender Agent all Bonds held by it in accordance with the terms of this ordinance and the Remarketing Agreement; and (6) To perform such other duties and responsibilities (including, without limitation, with respect to Bank Bonds) as are provided in this ordinance to be performed by the Remarketing Agent. (b) One or more firms may serve as co-Remarketing Agents hereunder provided that each co-Remarketing Agent satisfies the requirements of Section 3.13. If co-Remarketing Agents have been appointed and are performing the duties of Remarketing Agent hereunder, all references herein to the Remarketing Agent shall be deemed to refer to all the Remarketing Agents acting jointly; provided that the Remarketing Agreement may provide that one firm may perform certain specified duties hereunder in its sole capacity. (c) Each Remarketing Agent may in good faith hold any Bonds or any other form of indebtedness issued by the City; own, accept or negotiate any drafts, bills of exchange, acceptances or obligations thereof; and make disbursements therefor and enter into any commercial or business arrangement therewith; all without any liability on the part of the Remarketing Agent for any real or apparent conflict of interest by reason of any such actions. Section 3.13. Qualifications of Remarketing Agent. Each Remarketing Agent shall be authorized by law to perform all the duties imposed upon it hereunder. The Remarketing Agent may at any time resign and be discharged of the duties and obligations of the Remarketing Agent -75-5- P\20287 CM\M20287 AMT 10/14/14