Ordinance 1818-91 - Laserfiche WebLink

Section 11. 07. Counterparts. This Agreement may be executed in any number of counterparts, each of which when so executed and delivered shall be an original ; but such counterparts shall together constitute but one and the same instrument. Section 11. 08. Title and Security Documents. The Underwriter shall cause this Agreement and title documents and/or a financing statement relating thereto under the Uniform Commercial Code of the State of Washington to be filed, as may be required by law fully to protect the right, title (if any) and interest of the Trustee in the Lease and in title to the Improvements held pursuant to this Agreement. The Underwriter, Lessor and the City shall upon the request of the Trustee, execute or cause to be executed any and all further instruments as may be required by law or as shall reasonably be requested by the Trustee for such protection of the interests of the Trustee and the Owners, and at the request of the Trustee shall furnish satisfactory evidence to the Trustee of filing and refiling of such instruments and of every additional instrument which shall be necessary to preserve the lien of this Agreement upon the rights and interests assigned to the Trustee under this Agreement until the principal, or prepayment price of, and interest on the Lease Payments represented by the Certificates issued hereunder shall have been paid. The Trustee shall execute or join in the filing thereof at such time or times and in such place or places as it may be advised by an opinion of Counsel will preserve the lien of this Agreement upon the rights and interests assigned to the Trustee under this Agreement until the aforesaid principal shall have been paid. Section 11. 09 . Information Under Commercial Code. The following information is stated in order to facilitate filings under the Uniform Commercial Code: The title holder (or secured party, if applicable) is Security Pacific Bank Washington, N.A. , Trustee. Its address from which information concerning the security interest may be obtained is 1301 Fifth Avenue, 15th Floor, Seattle, WA 98101, Attention: Corporate Trust Department. The debtor is the City of Everett, Washington. Its mailing address is 3002 Wetmore, Everett, Washington 98201. Section 11. 10. Payments Due on Saturdays, Sundays and Holi- days. In any case where the date of maturity of interest on or principal of the Lease Payments represented by the Certificates or the date fixed for prepayment of any or all of the Lease Payments represented by the Certificates shall be a Saturday, Sunday or date which banks are authorized to remain closed, then payment of interest or principal or prepayment price need not be made on such date but may be made on the next succeeding business day with the -32- D0T437 91/09/24