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2001-072
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2001-072
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Last modified
2/7/2017 12:06:43 PM
Creation date
9/30/2015 5:11:33 PM
Metadata
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Resolutions
Resolution Number
2001-072
Approved Date
08/07/2001
Resolution Type
Bonds
Entity Name
Dodgertown
Subject
Revenue Bonds Spring Training Facility Series 2011
Spring Training Facility
Area
Dodgertown
Archived Roll/Disk#
2745
Supplemental fields
SmeadsoftID
2584
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The foregoing notwithstanding: <br /> (i) No remedy conferred upon or reserved to the Bondholders is intended to be <br /> exclusive of any other remedy, but each remedy shall be cumulative and shall be in addition to any <br /> other remedy given to the Bondholders hereunder. <br /> (ii) No delay or omission to exercise any right or power accruing upon any default or <br /> Event of Default shall impair any such right or power or shall be construed to be a waiver of any such <br /> default or acquiescence therein, and every such right and power may be exercised as often as may be <br /> deemed expedient. <br /> (iii) No waiver of any default or Event of Default hereunder by the Bondholders shall <br /> extend to or shall affect any subsequent default or Event of Default or shall impair any rights or <br /> remedies consequent thereon. <br /> (iv) Acceleration of the payment of principal of and interest on the Bonds shall not be <br /> a remedy hereunder in the case of an Event of Default. <br /> Upon the occurrence of an Event of Default, and upon the filing of a suit or other <br /> commencement of judicial proceedings to enforce the rights of the Bondholders under this <br /> Resolution, the Bondholders shall be entitled, as a matter of right, to the appointment of a receiver <br /> or receivers of the Project and the funds pending such proceedings, with such powers as the court <br /> making such appointment shall confer. <br /> Notwithstanding any provision of this Resolution to the contrary, for all purposes of this <br /> Section 21, except the giving of notice of any Event of Default to the Holder of the Bonds, the Bond <br /> Insurer which provides a Bond Insurance Policy shall be deemed to be the Holder of the Bonds it has <br /> insured. <br /> On the occurrence of an Event of Default, to the extent such rights may then lawfully be <br /> waived, neither the Issuer nor anyone claiming through or under it, shall set up, claim or seek to take <br /> advantage of any stay, extension or redemption laws now or hereafter in force, in order to prevent <br /> or hinder the enforcement of this Resolution, and the Issuer, for itself and all who may claim through <br /> or under it, hereby waives, to the extent it may lawfully do so, the benefit of all such laws and all right <br /> of redemption to which it may be entitled. <br /> Immediately upon the occurrence of any Event of Default described in Section 21(a) or(b) <br /> hereof, and within 30 days of knowledge of the occurrence of any other Event of Default, both the <br /> Issuer and the Paying Agent shall provide notice to the Bond Insurer of the occurrence of any Event <br /> of Default. <br /> 20 <br />
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