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2003-058
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2003-058
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Last modified
3/30/2017 12:02:31 PM
Creation date
9/30/2015 5:03:27 PM
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Resolutions
Resolution Number
2003-058
Approved Date
05/20/2003
Resolution Type
Bonds
Entity Name
William R. Hough & Co.
Subject
General Obligation Refunding Bonds
Resolution 95-63
Archived Roll/Disk#
2746
Supplemental fields
SmeadsoftID
2410
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(d) The forward supply contract provider shall have no recourse to the escrow upon any failure of the <br />Obligor or escrow agent to perform its obligations under the forward supply contract. Other than <br />the payment of the purchase price for the securities to be delivered pursuant to the forward supply <br />contract, no payments of any other kind may be made from the escrow in respect of the forward <br />supply contract. <br />(e) The forward supply contract provider must be rated at least A by a nationally recognized rating <br />agency. <br />(f) The forward supply contract shall be in form and substance satisfactory to Ambac. <br />Authorized Officer <br />
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