Laserfiche WebLink
C] <br />• <br />•• <br />payment under this Resolution; <br />(3) The Issuer shall fail to comply with any other cove- <br />nant made in this Resolution, which failure shall continue for more <br />than thirty (30) days; or <br />(4) a decree or order for relief under the Federal <br />Bankruptcy Code shall have been entered with respect to the <br />Issuer; or any order or decree by a court having jurisdiction <br />shall have been entered: (i) adjudging the Issuer bankrupt or <br />insolvent under any similar applicable state or Federal law and <br />any such order for relief, decree or order shall have continued <br />undischarged and unstayed for a period of ninety (90) days; or <br />(ii) providing for the appointment of a receivor or trustee or <br />assignee in bankruptcy or insolvency of the Issuer shall have <br />been entered and such decree or order shall have remained in <br />force undischarged and unstayed for a period of ninety (90) days. <br />H. REMEDIES. Any holder of Bonds issued under the provi- <br />sions hereof or any trustee acting for the holders of such Bonds <br />may by suit, action, mandamus or other proceedings in any court of <br />competent jurisdiction, protect and enforce any and all rights, <br />including the right to the appointment of a receiver, existing <br />under the laws of the State of Florida, or granted and contained <br />herein, and may enforce and compel the performance of all duties <br />herein required or by any applicable statutes to be performed by <br />the Issuer or by any officer thereof, including, but not limited <br />to, the duty of the Issuer to remedy any event of default herein <br />prescribed. <br />Nothing herein, however, shall be construed to grant to <br />any holder of such Bonds any lien on any property of or within the <br />corporate boundaries of the Issuer. <br />I. ISSUANCE OF OTHER OBLIGATIONS. The Issuer will not <br />issue any other obligations, except under the conditions and in the <br />manner provided herein, payable from the Sales Tax and Investment <br />Income, nor voluntarily create or cause to be created any debt, <br />lien, pledge, assignment, encumbrance or other charge having <br />-35- <br />