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for the existing Credit Facility), the Credit Facility shall become effective with respect to the <br /> Bonds only if the Bonds have been successfully purchased and remarketed on the related <br /> Purchase Date. Upon delivery of a Credit Facility, together with the documents described in <br /> clause (e) below, the Bond Registrar shall accept such Credit Facility and, upon such acceptance, <br /> such Credit Facility shall be the Credit Facility and the issuer of such Credit Facility (or any <br /> agent acting on its or their behalf) shall be the Credit Facility Provider, in each case, for all <br /> purposes of this ordinance. <br /> (b) Mandatory Tender of Bonds in Connection with Delivery of a Credit Facility. <br /> Pursuant to and in accordance with Section 3.10, if a Credit 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). <br /> (c) Notice of Delivery of a Credit Facility; Conditional Mandatory Tender of Bonds. <br /> The City shall notify the Bond Registrar, the Tender Agent, the Remarketing Agent and any then <br /> existing Liquidity Facility Provider or Credit Facility Provider of the proposed delivery of a <br /> Credit Facility and the related Credit Facility Date at least 20 days prior to such Credit Facility <br /> Date. The Bond Registrar shall give notice to the Registered Owners of the Bonds (at their <br /> addresses as they appear on the Bond Register as of the date of such notice), by Electronic <br /> Notice, confirmed by first class mail, of the proposed delivery of a Credit Facility and the related <br /> Credit Facility Date at least 15 days prior to such Credit Facility Date. Such notice shall also <br /> constitute the notice of mandatory tender of the Bonds on the related Credit Facility Date; <br /> provided, however, that in addition to the information required by Section 3.10(d), such notice <br /> shall state that such mandatory tender of the Bonds will not occur if, on or prior to the proposed <br /> Credit Facility Date, the Tender Agent does not receive such Credit Facility, together with the <br /> -84- P\20287 CMW20287 AMT 10/14/14 <br />