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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
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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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• r <br /> Agent. In addition: <br /> (a) The Paying Agent shall provide the Bond Insurer with a list of the <br /> Bondholders entitled to receive principal or interest payments from the <br /> Bond Insurer under the terms of the Bond Insurance Policy and shall <br /> make arrangements for the Bond Insurer and its Fiscal Agent (1) to <br /> mail checks or drafts to Bondholders entitled to receive full or partial <br /> interest payments from the Bond Insurer and (2) to pay principal of <br /> the Bonds surrendered to the Fiscal Agent by the Bondholders entitled <br /> to receive full or partial principal payments from the Bond Insurer; <br /> and <br /> (b) The Paying Agent shall, at the time it makes the registration books <br /> available to the Bond Insurer pursuant to (A) above, notify <br /> Bondholders entitled to receive the payment of principal of or interest <br /> on the Bonds from the Bond Insurer (1) as to the fact of such <br /> entitlement, (2)that the Bond Insurer will remit to them all or part of <br /> the interest payments coming due subject to the terms of the Bond <br /> Insurance Policy, (3)that, except as provided in paragraph (ii) below, <br /> in the event that any Bondholder is entitled to receive full payment of <br /> principal from the Bond Insurer, such Bondholder must tender his <br /> Bond with the instrument of transfer in the form provided on the Bond <br /> executed in the name of the Bond Insurer, and (4) that, except as <br /> provided in paragraph(ii)below, in the event that such Bondholder is <br /> entitled to receive partial payment of principal from the Bond Insurer, <br /> such Bondholder must tender his Bond for payment first to the Paying <br /> Agent, which shall note on such Bond the portion of principal paid by <br /> the Paying Agent, and then, with an acceptable form of assignment <br /> executed in the name of the Bond Insurer, to the Fiscal Agent, which <br /> will then pay the unpaid portion of principal to the Bondholder subject <br /> to the terms of the Bond Insurance Policy. <br /> In the event that the Paying Agent has notice that any payment of principal of <br /> or interest on a Bond has been recovered from a Bondholder pursuant to the <br /> United States Bankruptcy Code by a trustee in bankruptcy in accordance with <br /> the final, nonappealable order of a court having competent jurisdiction, the <br /> Paying Agent shall, at the time it provides notice to the Bond Insurer, notify <br /> all Bondholders that in the event that any Bondholder's payment is so <br /> recovered, such Bondholder will be entitled to payment from the Bond Insurer <br /> to the extent of such recovery, and the Paying Agent shall furnish to the Bond <br /> Insurer its records evidencing the payments of principal of and interest on the <br /> Bonds which have been made by the Paying Agent and subsequently <br /> recovered from Bondholders, and the dates on which such payments were <br /> made. <br /> 24 <br />
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