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for an existing Liquidity Facility), the Liquidity Facility shall become effective only if the Bonds <br /> have been successfully purchased and remarketed on the related Purchase Date. Upon delivery of <br /> a Liquidity Facility with respect to the Bonds, together with the documents described in clause <br /> (e) below, the Tender Agent shall accept such Liquidity Facility and, upon such acceptance, such <br /> Liquidity Facility shall be the Liquidity Facility and the issuer of such Liquidity Facility (or any <br /> agent acting on its or their behalf) shall be the Liquidity Facility Provider, in each case, for all <br /> purposes of this ordinance. <br /> (b) Mandatory Tender of Bonds in Connection with Delivery of a Liquidity Facility. <br /> Pursuant to and in accordance with Section 3.10, if a Liquidity Facility is delivered and accepted, <br /> those Bonds will be subject to mandatory tender on the Purchase Date determined pursuant to <br /> and in accordance with Section 3.10(a)(5). If an existing Liquidity Facility is in effect on that <br /> Purchase Date, funds for the purchase of the Bonds tendered on that Purchase Date will be made <br /> available in accordance with the terms of that existing Liquidity Facility and not the new <br /> Liquidity Facility to be delivered on that Purchase Date. <br /> (c) Notice of Delivery of a Liquidity Facility, Conditional Mandatory Tender of <br /> Bonds. The City shall notify the Bond Registrar, the Tender Agent, the Remarketing Agent and <br /> any then existing Liquidity Facility Provider or Credit Facility Provider of the proposed delivery <br /> of a Liquidity Facility and the related Liquidity Facility Date at least 20 days prior to such <br /> Liquidity Facility Date. The Bond Registrar shall give notice to the Registered Owners of the <br /> Bonds (at their addresses as they appear on the Bond Register as of the date of such notice), by <br /> Electronic Notice, confirmed by first class mail, of the proposed delivery of a Liquidity Facility <br /> and the related Liquidity Facility Date at least 15 days prior to such Liquidity Facility Date. Such <br /> notice shall also constitute the notice of mandatory tender of the Bonds on the related Liquidity <br /> -81- P\20287 CMVA20287 AMT 10/14/14 <br />