Defeasance Notice; Notice of Redemption. The District hereby instructs the Prior Paying Agent to provide a Notice of Defeasance of the Refunded Bonds with the Municipal Securities Rulemaking Board Electronic Municipal Market Access (“EMMA”) and to holders of the Refunded Bonds within ten business days of the Closing Date. The sole remedy for the Prior Paying Agent’s failure to file such notice with XXXX shall be an action in mandamus by the holders of the Refunded Bonds for specific performance or similar remedy to compel performance. The form of such Defeasance Notice is set forth as Exhibit D hereto. In addition, the Prior Paying Agent shall provide notice of redemption to the Refunded Bond Owners in accordance with Prior Bond Resolution, not less than thirty or more than sixty days prior to the redemption date.
Defeasance Notice; Notice of Redemption. The District hereby instructs the Escrow Bank to provide a Notice of Defeasance of the Refunded Bonds, in its capacity as Prior Bonds Paying Agent, in accordance with the Prior Resolutions, respectively, at the expense of the District, to the owners of the Refunded Bonds, and to file such notice with the Municipal Securities Rulemaking Board Electronic Municipal Market Access (“EMMA”). The sole remedy for the Escrow Agent’s failure to file such notice with EMMA shall be an action in mandamus by the holders of the Refunded Bonds for specific performance or similar remedy to compel performance. The form of such Defeasance Notice is set forth as Exhibit D hereto. In addition, the Escrow Bank, in its capacity as Prior Bonds Paying Agent, shall provide notice of redemption to the Refunded Bond Owners, in accordance with Prior Resolutions, respectively, not less than thirty or more than forty-five days prior to the redemption date.
