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Agenda - 02-29-2000-5a
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Agenda - 02-29-2000-5a
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Last modified
9/2/2008 9:13:36 AM
Creation date
8/29/2008 11:15:56 AM
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BOCC
Date
2/29/2000
Document Type
Agenda
Agenda Item
5a
Document Relationships
Minutes - 02-29-2000
(Linked To)
Path:
\Board of County Commissioners\Minutes - Approved\2000's\2000
RES-2000-018 Resolution providing for Bond Sale
(Linked From)
Path:
\Board of County Commissioners\Resolutions\2000-2009\2000
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14 <br />(5) substitution of credit or liquidity providers, or their failure to <br />perform; <br />(6) adverse tax opinions or events affecting the tax-exempt status of the <br />2000 Bonds; <br />(7) modifications to rights of the beneficial owners of the 2000 Bands; <br />(8) Band calls; <br />(9) defeasances; <br />(10) release, substitution or sale of any property securing repayment of <br />the 2000 Bonds; and <br />(11) rating changes; and <br />(d) in a timely manner, to each NRMSIR or to the MSRB, and to the SID, if <br />any, notice of a failure of the County to provide required annual financial infarmarian <br />described in (a) or (b) above on or before the date specified. <br />If the County fails to comply with the undertaking described above, any beneficial <br />owner of the 2000 Bonds may take action to protect and enforce the rights of all <br />beneficial owners with respect to such undertaking, including an action for specific <br />performance; provided, however, that failure to comply with such undertaking shall not <br />be an event of default and shall not result in any acceleration of payment of the 2000 <br />Bonds. A11 actions shall be instituted, had and maintained in the manner provided in this <br />paragraph for the benefit of all benef cial owners of the 2000 Bonds. <br />The County reserves the right to modify from time to time the infarmation to be <br />provided to the extent necessary or appropriate in the County's judgment, provided that: <br />(i) any such modification may only be made in connection with a change in <br />circumstances that arises from a change in legal requirements, change in law, or change <br />in the identity, nature, or status of the County; <br />(ii) the information to be provided, as modified, would have complied with the <br />requirements of Rule 15c2-12 as of the date of the final Official Statement, after taking <br />into account any amendments or interpretations of Rule 15c2-12, as well as any changes <br />in circumstances; and <br />(iii) any such modification does not materially impair the interests of the <br />beneficial owners, as determined either by parties unaffiliated with the County or by the <br />approving vote of the registered owners of a majority in principal amount of the 2000 <br />
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