Conditions Precedent to Issuance of the Letter of Credit. As conditions precedent to the obligation of the Bank to issue the Letter of Credit: (a) the City shall provide to the Bank on the Closing Date, in form and substance satisfactory to the Bank and its special counsel, Xxxxxxx and Xxxxxx LLP: (i) the written opinion of Xxxxxxxxx LLP, bond counsel to the City, dated the Closing Date, covering the due authorization, execution, delivery and enforceability of this Agreement, the Fee Agreement and the Ordinance, no adverse effect on the tax-exempt status of interest on the Bonds and such other customary matters as the Bank may reasonably request, including, without limitation, valid security interest and pledge opinions; (ii) a certificate, signed by a duly authorized officer of the City, dated the Closing Date, stating that on the Closing Date: (1) the representations and warranties of the City contained in Article Five hereof and in the Related Documents are correct on and as of the Closing Date as though made on such date; (2) no Event of Default has occurred and is continuing, or would result from the issuance of the Letter of Credit or the execution, delivery and performance of this Agreement, and no event has occurred and is continuing which would constitute an Event of Default but for the requirement that notice be given or time elapse or both; and (3) all conditions precedent to the issuance of the Letter of Credit set forth in this Article Four have been satisfied. (iii) executed originals of this Agreement and certified copies of the Bond Documents; (iv) evidence of due authorization, execution and delivery by the parties thereto of the Related Documents, which Related Documents shall be in form and substance satisfactory, to the Bank and its special counsel; (v) a copy of a resolution or ordinance of the City Council of the City, certified as of the date of the Letter of Credit by a Responsible Officer of the City authorizing, among other things, the execution, delivery and performance by the City of this Agreement and the other Related Documents or amendments thereto, as applicable, required to be delivered on the Closing Date by the City; (vi) true and correct copies of all governmental approvals necessary for the City to enter into this Agreement and the transactions contemplated by this Agreement; (vii) a certificate of a Responsible Officer of the City certifying the names, titles, offices and signatures of the officers of the City authorized to sign this Agreement, the Related Documents to which it is a party and the other documents to be delivered by it hereunder or thereunder; (viii) written confirmation that (A) a CUSIP Number has been obtained from Standard and Poor’s CUSIP Services for the Liquidity Provider Bonds, (B) a long-term rating of at least “Baa3” has been obtained for the Liquidity Provider Bonds (and its related CUSIP number) from Xxxxx’x and (C) any additional documentation the Bank may request that will allow the Liquidity Provider Bonds to be pledged as collateral to the federal banking regulators; (ix) evidence satisfactory to the Bank that the outstanding Bonds have been assigned long-term ratings of “AA+” by S&P and “Aa3” by Xxxxx’x, respectively; and (x) if requested by the Bank, a copy of the City’s investment policy, guidelines and permitted investments, each in form and substance satisfactory to the Bank; (xi) the Bank shall have determined (in its sole discretion) that no material adverse change in the ratings, financial condition, business, assets, liabilities or prospects of the City shall have occurred since September 30, 2016, except as disclosed in writing by the City to the Bank prior to the Closing Date or as disclosed in the Official Statement, which would be reasonably likely to result in a Material Adverse Effect; and (xii) such other documents, certificates and opinions as the Bank or its special counsel may reasonably request; (b) the Bank shall have received from the City the fees due and payable on the Closing Date pursuant to the Fee Agreement; (c) no law, regulation, ruling or other action of the United States, the State or the State of New York or any political subdivision or authority therein or thereof shall be in effect or shall have occurred, the effect of which would be to prevent the Bank from fulfilling their respective obligations under this Agreement; (d) the City shall deliver to the Bank evidence satisfactory to the Bank that the City has complied with all of its obligations under Texas Government Code Section 2252.908 as such obligations relate to the Agreement;
Appears in 1 contract
Samples: Reimbursement Agreement
Conditions Precedent to Issuance of the Letter of Credit. As conditions precedent to the obligation of the Bank to issue the Letter of Credit:
(a) the City shall provide to the Bank on the Closing Date, in form and substance satisfactory to the Bank and its special counsel, Xxxxxxx and Xxxxxx LLP:
(i) the written opinion of Xxxxxxxxx LLP, bond counsel to the City, dated the Closing Date, covering the due authorization, execution, delivery and enforceability of this Agreement, the Fee Agreement and the Ordinance, no adverse effect on the tax-exempt status of interest on the Bonds and such other customary matters as the Bank may reasonably request, including, without limitation, valid security interest and pledge opinions;
(ii) a certificate, signed by a duly authorized officer of the City, dated the Closing Date, stating that on the Closing Date:
(1) the representations and warranties of the City contained in Article Five hereof and in the Related Documents are correct on and as of the Closing Date as though made on such date;
(2) no Event of Default has occurred and is continuing, or would result from the issuance of the Letter of Credit or the execution, delivery and performance of this Agreement, and no event has occurred and is continuing which would constitute an Event of Default but for the requirement that notice be given or time elapse or both; and
(3) all conditions precedent to the issuance of the Letter of Credit set forth in this Article Four have been satisfied.
(iii) executed originals of this Agreement and certified copies of the Bond Documents;
(iv) evidence of due authorization, execution and delivery by the parties thereto of the Related Documents, which Related Documents shall be in form and substance satisfactory, to the Bank and its special counsel;
(v) a copy of a resolution or ordinance of the City Council of the City, certified as of the date of the Letter of Credit by a Responsible Officer of the City authorizing, among other things, the execution, delivery and performance by the City of this Agreement and the other Related Documents or amendments thereto, as applicable, required to be delivered on the Closing Date by the City;
(vi) true and correct copies of all governmental approvals necessary for the City to enter into this Agreement and the transactions contemplated by this Agreement;
(vii) a certificate of a Responsible Officer of the City certifying the names, titles, offices and signatures of the officers of the City authorized to sign this Agreement, the Related Documents to which it is a party and the other documents to be delivered by it hereunder or thereunder;
(viii) written confirmation that (A) a CUSIP Number has been obtained from Standard and Poor’s CUSIP Services for the Liquidity Provider Bonds, (B) a long-term rating of at least “Baa3” has been obtained for the Liquidity Provider Bonds (and its related CUSIP number) from Xxxxx’x Moody’s and (C) any additional documentation the Bank may request that will allow the Liquidity Provider Bonds to be pledged as collateral to the federal banking regulators;
(ix) evidence satisfactory to the Bank that the outstanding Bonds have been assigned long-term ratings of “AA+” by S&P and “Aa3” by Xxxxx’xMoody’s, respectively; and
(x) if requested by the Bank, a copy of the City’s investment policy, guidelines and permitted investments, each in form and substance satisfactory to the Bank;
(xi) the Bank shall have determined (in its sole discretion) that no material adverse change in the ratings, financial condition, business, assets, liabilities or prospects of the City shall have occurred since September 30, 2016, except as disclosed in writing by the City to the Bank prior to the Closing Date or as disclosed in the Official Statement, which would be reasonably likely to result in a Material Adverse Effect; and
(xii) such other documents, certificates and opinions as the Bank or its special counsel may reasonably request;
(b) the Bank shall have received from the City the fees due and payable on the Closing Date pursuant to the Fee Agreement;
(c) no law, regulation, ruling or other action of the United States, the State or the State of New York or any political subdivision or authority therein or thereof shall be in effect or shall have occurred, the effect of which would be to prevent the Bank from fulfilling their respective obligations under this Agreement;
(d) the City shall deliver to the Bank evidence satisfactory to the Bank that the City has complied with all of its obligations under Texas Government Code Section 2252.908 as such obligations relate to the Agreement;
Appears in 1 contract
Samples: Reimbursement Agreement
Conditions Precedent to Issuance of the Letter of Credit. As conditions precedent to the obligation of the Bank to issue the Letter of Credit:
(a) the City shall provide to the Bank on the Closing Date, in form and substance satisfactory to the Bank and its special counsel, Xxxxxxx and Xxxxxx LLP:
(i) the written opinion of Xxxxxx Xxxx Xxxxxxxxx US LLP, bond counsel to the City, dated the Closing Date, covering the due authorization, execution, delivery and enforceability of this Agreement, the Fee Agreement and the Ordinance, no adverse effect on the tax-exempt status of interest on the Bonds and such other customary matters as the Bank may reasonably request, including, without limitation, valid security interest and pledge opinions;
(ii) a certificate, signed by a duly authorized officer of the City, dated the Closing Date, stating that on the Closing Date:
(1) the representations and warranties of the City contained in Article Five hereof and in the Related Documents to which the City is a party are true and correct on and as of the Closing Date as though made on such date except to the extent that such representations and warranties specifically refer to an earlier date, in which case they are true and correct as of such earlier date, and except that for purposes of the certificate, the representations and warranties contained in Section 5.5 of this Agreement shall be deemed to refer to the most recent statements furnished pursuant to Section 6.1(a) of this Agreement;
(2) no Event of Default has occurred and is continuing, or would result from the issuance of the Letter of Credit or the execution, delivery and performance of this Agreement, and no event has occurred and is continuing which would constitute an Event of Default but for the requirement that notice be given or time elapse or both; and;
(3) all conditions precedent to the issuance of the Letter of Credit set forth in this Article Four Section 4.1 to be performed or provided by the City have been satisfied; and
(4) other than as disclosed in writing to the Bank prior to the Closing Date, there has been no event or circumstance since September 30, 2023, that has had or could be reasonably expected to have, either individually or in the aggregate, a Material Adverse Effect.
(iii) executed originals of this Agreement, the Fee Agreement and the Custody Agreement, a specimen copy of the Bonds and certified copies of the other Bond Documents;
(iv) evidence of due authorization, execution and delivery by the parties thereto of the Related Documents, which Related Documents shall be in form and substance satisfactory, to the Bank and its special counsel;; DRAFT
(v) a copy of a resolution or ordinance of the City Council of the City, certified as of the date as of the Letter of Credit May 2, 2024, by a Responsible Officer of the City or the City Clerk authorizing, among other things, the execution, delivery and performance by the City of this Agreement and the other Related Documents or amendments thereto, as applicable, required to be delivered on the Closing Date by the City;
(vi) true and correct copies of all governmental approvals necessary for the City to enter into this Agreement and the transactions contemplated by this Agreement;
(vii) a certificate of a Responsible Officer of the City certifying the names, titles, offices and signatures of the officers of the City authorized to sign this Agreement, the Related Documents to which it is a party and the other documents to be delivered by it hereunder or thereunder;
(viii) written confirmation that (A) a CUSIP Number has been obtained from Standard and Poor’s CUSIP Services for the Liquidity Provider Bonds, (B) a long-term rating of at least “Baa3Aa3” has been obtained for the Liquidity Provider Bonds (and its related CUSIP number) from Xxxxx’x and (C) any additional documentation the Bank may request that will allow the Liquidity Provider Bonds to be pledged as collateral to the federal banking regulators;
(ix) evidence satisfactory to the Bank that the outstanding Bonds have been assigned unenhanced long-term ratings of at least “AA+AA-” by S&P and “Aa3” by Xxxxx’x, respectively; and
(x) if requested by the Bank, a copy of the City’s investment policy, guidelines and permitted investments, each in form and substance satisfactory to the Bank;
(xi) the Bank shall have determined (in its sole discretion) that no material adverse change in the ratings, financial condition, business, assets, liabilities or prospects of the City shall have occurred since September 30, 20162023, except as disclosed in writing by the City to the Bank prior to the Closing Date or as disclosed in the Official Statement, which would be reasonably likely to result in a Material Adverse Effect;
(xii) evidence satisfactory to the Bank that the Pledged Revenues collected by the City in Fiscal Year 2023 are tracking the expected amount (or are greater than such expected amount) for Fiscal Year 2024 as set forth in the City’s five year financial plan released on , 202_; and
(xiixiii) such other documents, certificates and opinions as the Bank or its special counsel may reasonably request;; DRAFT
(b) the Bank shall have received from the City the fees due and payable on the Closing Date pursuant to the Fee Agreement;
(c) no lawLaw, regulation, ruling or other action of the United States, the State or the State of New York or any political subdivision or authority therein or thereof shall be in effect or shall have occurred, the effect of which would be to prevent the Bank from fulfilling their respective obligations under this Agreement;
(d) the City shall deliver to the Bank evidence satisfactory to the Bank that the City has complied with all of its obligations under Texas Government Code Section 2252.908 as such obligations relate to the this Agreement;]
(i) to the extent the Existing Provider holds bank bonds purchased with the proceeds of a drawing under the Existing Letter of Credit on the Closing Date that are not remarketed on the Closing Date and the accrued interest on such bank bonds exceeds the Interest Portion, the Bank shall have received evidence that arrangements have been made by the City to pay the amount by which the accrued interest on such bank bonds exceeds the Interest Portion and (ii) as soon as possible after the issuance of the Letter of Credit, and in any event by the close of business on the Closing Date, the Bank shall have received a specimen of the Existing Letter of Credit marked canceled (or a properly completed and executed annex to the Existing Letter of Credit relating to the termination thereof) and, not as a condition precedent to the issuance of the Letter of Credit, but by the close of business on the Closing Date, evidence that arrangements have been made to pay all amounts due and owing under the Existing Reimbursement Agreement; and
(f) all legal requirements provided herein incident to the execution, delivery and performance of the Related Documents, and the transactions contemplated thereby, shall be reasonably satisfactory to the Bank and its special counsel.
Appears in 1 contract
Samples: Reimbursement Agreement
Conditions Precedent to Issuance of the Letter of Credit. As conditions precedent to the obligation of the Bank to issue the Letter of Credit:
(a) the City shall provide to the Bank on the Closing Date, in form and substance satisfactory to the Bank and its special counsel, Xxxxxxx and Xxxxxx LLP:
(i) the written opinion of Xxxxxx Xxxx Xxxxxxxxx US LLP, bond counsel to the City, dated the Closing Date, covering the due authorization, execution, delivery and enforceability of this Agreement, the Fee Agreement and the Ordinance, no adverse effect on the tax-exempt status of interest on the Bonds and such other customary matters as the Bank may reasonably request, including, without limitation, valid security interest and pledge opinions;
(ii) a certificate, signed by a duly authorized officer of the City, dated the Closing Date, stating that on the Closing Date:
(1) the representations and warranties of the City contained in Article Five hereof and in the Related Documents to which the City is a party are true and correct on and as of the Closing Date as though made on such date except to the extent that such representations and warranties specifically refer to an earlier date, in which case they are true and correct as of such earlier date, and except that for purposes of the certificate, the representations and warranties contained in Section 5.5 of the Agreement shall be deemed to refer to the most recent statements furnished pursuant to Section 6.1(a) of the Agreement;
(2) no Event of Default has occurred and is continuing, or would result from the issuance of the Letter of Credit or the execution, delivery and performance of this Agreement, and no event has occurred and is continuing which would constitute an Event of Default but for the requirement that notice be given or time elapse or both; andDRAFT
(3) all conditions precedent to the issuance of the Letter of Credit set forth in this Article Four Section 4.1 to be performed or provided by the City have been satisfied.; and
(4) other than as disclosed in writing to the Bank prior to the Closing Date, there has been no event or circumstance since September 30, 2020, that has had or could be reasonably expected to have, either individually or in the aggregate, a Material Adverse Effect
(iii) executed originals of this Agreement, the Fee Agreement and the Custody Agreement, a specimen copy of the Bonds and certified copies of the other Bond Documents;
(iv) evidence of due authorization, execution and delivery by the parties thereto of the Related DocumentsDocuments to be delivered on the Closing Date, which Related Documents shall be in form and substance satisfactory, satisfactory to the Bank and its special counsel;
(v) a copy of a resolution or ordinance of the City Council of the City, certified as of the date of the Letter of Credit by a Responsible Officer of the City authorizing, among other things, the execution, delivery and performance by the City of this Agreement and the other Related Documents or amendments thereto, as applicable, required to be delivered on the Closing Date by the City;
(vi) true and correct copies of all governmental approvals necessary for the City to enter into this Agreement and the transactions contemplated by this Agreement;
(vii) a certificate of a Responsible Officer of the City certifying the names, titles, offices and signatures of the officers of the City authorized to sign this Agreement, the Related Documents to which it is a party and the other documents to be delivered by it hereunder or thereunder;
(viii) written confirmation that (A) a CUSIP Number has been obtained from Standard and Poor’s CUSIP Services for the Liquidity Provider Bonds, (B) a long-term rating of at least “Baa3Aa3” has been obtained for the Liquidity Provider Bonds (and its related CUSIP number) from Xxxxx’x Moody’s and (C) any additional documentation the Bank may request that will allow the Liquidity Provider Bonds to be pledged as collateral to the federal banking regulators;
(ix) evidence satisfactory to the Bank that the outstanding Bonds have been assigned unenhanced long-term ratings of at least “AA+AA-” by S&P and “Aa3” by Xxxxx’xMoody’s, respectively; and
(x) if requested by the Bank, a copy of the City’s investment policy, guidelines and permitted investments, each in form and substance satisfactory to the Bank;; DRAFT
(xi) the Bank shall have determined (in its sole discretion) that no material adverse change in the ratings, financial condition, business, assets, liabilities or prospects of the City shall have occurred since September 30, 20162020, except as disclosed in writing by the City to the Bank prior to the Closing Date or as disclosed in the Official Statement, which would be reasonably likely to result in a Material Adverse Effect; and;
(xii) evidence satisfactory to the Bank that the Pledged Revenues collected by the City in Fiscal Year 2021 are tracking the expected amount (or are greater than such expected amount) for Fiscal Year 2021 as set forth in the City’s five year financial plan released on April 15, 2021; and][the Bank is currently reviewing the information provided by the City and will confirm when this condition is satisfied]
(xiii) such other documents, certificates and opinions as the Bank or its special counsel may reasonably request;
(b) the Bank shall have received from the City the fees due and payable on the Closing Date pursuant to the Fee Agreement, if any;
(c) no law, regulation, ruling or other action of the United States, the State or the State of New York or any political subdivision or authority therein or thereof shall be in effect or shall have occurred, the effect of which would be to prevent the Bank from fulfilling their respective obligations under this Agreement;
(d) the City shall deliver to the Bank evidence satisfactory to the Bank that the City has complied with all of its obligations under Texas Government Code Section 2252.908 as such obligations relate to the Agreement;
(i) to the extent the Existing Provider holds bank bonds purchased with the proceeds of a drawing under the Existing Letter of Credit on the Closing Date that are not remarketed on the Closing Date and the accrued interest on such bank bonds exceeds the Interest Portion, the Bank shall have received evidence that arrangements have been made by the City to pay the amount by which the accrued interest on such bank bonds exceeds the Interest Portion and (ii) as soon as possible after the issuance of the Letter of Credit, and in any event by the close of business on the Closing Date, the Bank shall have received a specimen of the Existing Letter of Credit marked canceled (or a properly completed and executed annex to the Existing Letter of Credit relating to the termination thereof) and, not as a condition precedent to the issuance of the Letter of Credit, but by the close of business on the Closing Date, evidence that arrangements have been made to pay all amounts due and owing under the Existing Reimbursement Agreement; and
(f) all legal requirements provided herein incident to the execution, delivery and performance of the Related Documents, and the transactions contemplated thereby, shall be reasonably satisfactory to the Bank and its special counsel.
Appears in 1 contract
Samples: Reimbursement Agreement
Conditions Precedent to Issuance of the Letter of Credit. As conditions precedent to the obligation of the Bank to issue the Letter of Credit:
(a) the City and the Authority shall provide to the Bank on the date of the issuance of the Letter of Credit (the “Closing Date”), in form and substance satisfactory to the Bank and its special counsel, Xxxxxxx and Xxxxxx LLP:
(i) the a written opinion of counsel to the City and the Authority, dated the Closing Date, with respect to matters as the Bank may reasonably request;
(ii) the written opinions of Xxxxxx Xxxx Xxxxxxxxx US LLP, bond counsel to the CityAuthority, dated the Closing Date, covering the due authorization, execution, delivery and enforceability of this Agreement, the Fee Agreement and the Ordinance, no adverse effect on the tax-exempt status of interest on the Bonds and such other customary matters as the Bank may reasonably request, including, without limitation, valid security interest and pledge opinions;
(iiiii) a certificate, signed by a duly authorized officer of the City, dated the Closing Date, stating that on the Closing Date:
(1) the representations and warranties of the City contained in Article Five V hereof and in the Related Documents are correct on and as of the Closing Date as though made on such date;
(2) no Event of Default has occurred and is continuing, or would result from the issuance of the Letter of Credit or the execution, delivery and performance of this Agreement, and no event has occurred and is continuing which would constitute an Event of Default but for the requirement that notice be given or time elapse or both; and
(3) all conditions precedent to the issuance of the Letter of Credit set forth in this Article Four IV have been satisfied.
(iiiiv) a certificate, signed by a duly authorized officer of the Authority, dated the Closing Date, stating that on the Closing Date:
(1) the representations and warranties of the Authority contained in Article V hereof are correct on and as of the Closing Date as though made on such date;
(2) no Event of Default has occurred and is continuing, or would result from the issuance of the Letter of Credit or the execution, delivery and performance of this Agreement, and no event has occurred and is continuing which would constitute an Event of Default but for the requirement that notice be given or time elapse or both; and
(3) all conditions precedent to the issuance of the Letter of Credit set forth in this Article IV have been satisfied.
(v) executed originals of this Agreement and certified copies of the Bond Documentsother Related Documents executed or adopted prior to the Closing Date;
(ivvi) evidence of due authorization, execution and delivery by the parties thereto of the Related Documents, which Related Documents shall be in form and substance satisfactory, satisfactory to the Bank and its special counsel;
(va) a copy of a resolution or ordinance resolutions of the City Council city council of the City, certified as of the date of the Letter of Credit by a Responsible Officer Clerk of the City authorizing, among other things, the execution, delivery and performance by the City of this Agreement and the other Related Documents or amendments thereto, as applicable, thereto to which the City is a party required to be delivered on the Closing Date and authorizing the City to obtain the issuance of the Letter of Credit and (b) a copy of resolutions of the board of the Authority, certified as of the date of the Letter of Credit by the [ ]of the Authority authorizing, among other things, the execution, delivery and performance by the Authority of this Agreement and the other Related Documents or amendments thereto to which the Authority is a party required to be delivered on the Closing Date and acknowledging the City’s authorization to obtain the issuance of the Letter of Credit;
(viviii) true and correct copies of all governmental approvals Governmental Approvals necessary for the City and the Authority to enter into this Agreement and the transactions contemplated by this Agreement;
(viia) a certificate of a Responsible Officer of the an Authorized City Representative certifying the namesname, titlestitle, offices office and true signatures of the officers of the City authorized to sign this Agreement and (b) a certificate of an Authorized Authority Representative certifying the name, title, office and true signatures of the officers of the Authority authorized to sign this Agreement, the Related Documents to which it is a party and the other documents to be delivered by it hereunder or thereunder;
(viiix) written confirmation evidence satisfactory to the Bank that (A) a CUSIP Number number has been obtained and reserved from Standard and & Poor’s CUSIP Services Service Bureau, a division of The XxXxxx-Xxxx Companies, Inc., for Bank Bonds;
(xi) the Liquidity Provider Bonds, (B) Bank shall have received satisfactory evidence that Fitch shall have assigned a long-term rating to Bank Bonds of at least “Baa3” has been obtained for the Liquidity Provider Bonds (and its related CUSIP number) from Xxxxx’x and (C) any additional documentation the Bank may request that will allow the Liquidity Provider Bonds to be pledged as collateral to the federal banking regulators[“ ”] [ ];
(ixxii) evidence satisfactory to the Bank that the outstanding Bonds have been assigned long-term ratings of “AA+[ ]” by S&P and “Aa3[ ]” by Xxxxx’xFitch , respectively; and
(xxiii) if requested by the Bank, a copy of the City’s investment policy, guidelines and permitted investments, each in form and substance satisfactory to the Bank;
(xixiv) the Bank shall have determined (in its sole discretion) that no material adverse change in the ratings, financial condition, business, assets, liabilities or prospects of the City shall have occurred since September June 30, 20162023, except as disclosed in writing by the City to the Bank prior to the Closing Date or as disclosed in the Official Statementoffering documents or material adverse event notices, which would be reasonably likely to result in a Material Adverse Effect; and;
(xiia) the Bank shall have received copies of the audited financial statements for the City for the fiscal year ended June 30, 2023 and (b) [describe Authority financials to be delivered at closing];
(xvi) such other documents, certificates and opinions as the Bank or its special counsel may reasonably request;
(b) the Bank shall have received from the City the fees due and payable on the Closing Date pursuant to the Fee AgreementLetter;
(c) no law, regulation, ruling or other action of the United States, the State or the State of New York or any political subdivision or authority therein or thereof shall be in effect or shall have occurred, the effect of which would be to prevent the Bank from fulfilling their respective obligations under this Agreement;; and
(d) the City shall deliver all legal requirements provided herein incident to the Bank evidence execution, delivery and performance of the Related Documents, and the transactions contemplated thereby, shall be reasonably satisfactory to the Bank that the City has complied with all of and its obligations under Texas Government Code Section 2252.908 as such obligations relate to the Agreement;special counsel.
Appears in 1 contract
Samples: Reimbursement Agreement
