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Agenda 05-21-24; 6-b - Adoption of the Final Financing Resolution Authorizing the Issuance of Installment Purchase Financing for Various Capital Investment Plan Projects
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Agenda 05-21-24; 6-b - Adoption of the Final Financing Resolution Authorizing the Issuance of Installment Purchase Financing for Various Capital Investment Plan Projects
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5/16/2024 2:55:30 PM
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BOCC
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5/21/2024
Meeting Type
Business
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Agenda
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6-b
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Agenda for May 21, 2024 BOCC Meeting
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37 <br /> Failure to give any notice specified in (i) or (ii), as applicable, or any defect in <br /> that notice, will not affect the validity of any proceedings for the redemption of any <br /> Series A Bonds with respect to which no failure has occurred. Failure to give any <br /> notice specified in (iii), or any defect in that notice, will not affect the validity of any <br /> proceedings for the redemption of any Series A Bonds with respect to which the <br /> notice specified in (i) or (ii) is correctly given. Any notice mailed as provided in this <br /> Supplemental Agreement will conclusively be presumed to have been given <br /> regardless of whether received by any Owner. <br /> (b) Any redemption notice, except a notice given in respect of a mandatory <br /> sinking fund redemption, may state that the redemption to be effected is <br /> conditioned upon -- <br /> (i) the Trustee's receipt on or prior to the redemption date of moneys <br /> sufficient to pay the principal of and premium, if any, and interest on <br /> the Series A Bonds to be prepaid; or <br /> (ii) any other condition not unacceptable to the Trustee. <br /> If a notice contains a condition and the Trustee either (A) does not receive <br /> moneys sufficient to pay the principal of and premium, if any, and interest on the <br /> Series A Bonds on or prior to the redemption date, or (B) the stated condition is <br /> not fulfilled, as evidenced to the Trustee by a County Certificate, <br /> in either case on or prior to the redemption date, <br /> then redemption will not be made, and the Trustee must, within a reasonable <br /> time, give notice the same way the redemption notice was given that the moneys <br /> were not so received (or condition was not fulfilled) and the redemption was not <br /> made. <br /> (c) Each redemption notice must specify (i) the complete designation of <br /> the Series A Bonds to be redeemed, including the Series designation, (ii) the CUSIP <br /> numbers of the Series A Bonds to be redeemed, (iii) the dated dates, maturity dates <br /> and interest rates of the Series A Bonds to be redeemed, (iv) the date fixed for <br /> redemption, (v) any conditions to the redemption, as contemplated by subsection <br /> (b) above, (vi) the principal amount of Series A Bonds or portions of Bonds to be <br /> 8 <br />
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