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2015-070A
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2015-070A
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Last modified
4/19/2018 10:26:00 AM
Creation date
7/21/2015 2:28:23 PM
Metadata
Fields
Template:
Official Documents
Official Document Type
Bond
Approved Date
04/07/2015
Control Number
2015-070A
Agenda Item Number
12.E.1.
Entity Name
Nabors Giblin & Nickerson
Subject
Limited General Obligation Refunding Note
Series 2015 Land Acquisition
Document Relationships
2015-047
(Agenda)
Path:
\Resolutions\2010's\2015
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the Securities Exchange Act of 1934 to any municipal entity or obligated person with respect to <br />this Resolution, the Existing Resolution, information, materials or communications; (C) the <br />Purchaser and its representatives are acting for their own interests; and (D) the County has been <br />informed that the County should discuss this Resolution, the Existing Resolution and any such <br />other information, materials or communications with any and all internal and external advisors <br />and experts that the County deems appropriate before acting on this Resolution, the Existing <br />Resolution or any such other information, materials or communications. <br />SECTION 10. APPOINTMENT OF REGISTRAR AND PAYING AGENT. The <br />Registrar and Paying Agent for the Series 2015 Note shall be the Clerk. <br />SECTION 11. APPROVAL OF ESCROW AGREEMENT. The County hereby <br />authorizes and approves an Escrow Deposit Agreement, substantially in the form attached hereto <br />as Exhibit B, with such changes and modifications thereto as shall be approved by the Chairman <br />and Clerk, approval to be presumed by his or her execution thereof (the "Escrow Deposit <br />Agreement"). <br />SECTION 12. ADDITIONAL COVENANTS. (A) The County agrees to reimburse <br />the Holder (or its agent, receiver, trustee or other representative) upon demand therefor for all <br />reasonable legal and collection costs in connection with the exercise of the Holder's remedies or <br />the collection of payments on the Series 2015 Note upon the occurrence of an Event of Default <br />under the Authorizing Resolution. <br />(B) The County agrees to notify the Holder immediately if an Event of Default under <br />the Authorizing Resolution should occur. <br />(C) The County agrees that, to the extent permitted by law, it will not assert any <br />immunity it may have as a public entity under state law with respect to the Series 2015 Note or <br />any of the Issuer's other obligations under the Authorizing Resolution. <br />(D) The County agrees to provide to the Holder, at no cost to the Holder, (i) within <br />240 days after the end of each Fiscal Year of the County, a copy of its audited financial <br />statements for such Fiscal Year; and (ii) within 30 days after adoption thereof, each of the <br />County's annual operating and capital budgets. <br />(E) The County agrees to comply with all county, state and federal regulations in <br />regard to all timeframes for reporting of all budgetary, compliance and financial issues. <br />(F) The County agrees that the County will not file or submit, or permit the filing or <br />submission, of all or any portion of this Resolution with the Municipal Securities Rulemaking <br />Board's Electronic Municipal Market Access system (or any successor continuing disclosure <br />vehicle) unless this Resolution or portion thereof, as applicable, to be so filed or submitted (i) has <br />been submitted to the Holder in advance of such filing or submission and (ii) shall have been <br />redacted to the extent required by the Holder. <br />SECTION 13. TRANSFER OF THE SERIES 2015 NOTE. The Series 2015 Note, <br />and the rights of the Holder thereunder and under the Authorizing Resolution, may be transferred <br />6 <br />
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