Common Contracts
1 similar Continuing Disclosure Agreement contracts
CONTINUING DISCLOSURE AGREEMENT OF ISSUERContinuing Disclosure Agreement • November 15th, 2022 • Texas
shall be required for the full May and November payment, the collection-foreclosure procedure will proceed against all delinquent properties. May 1 90 Trustee pays bond interest payments to Owners. Reserve Fund payment to Bond Fund may well be required if Assessments are below approximately 50% collection rate. Dissemination Agent to notify MSRB if Reserve Fund utilized for debt service. Use of Reserve Fund for debt service payment should trigger commencement of foreclosure on delinquent properties. May 5 95 Issuer to notify Dissemination Agent for disclosure to MSRB of all delinquencies. If any property owner with ownership of property responsible for more than $10,000 of the Assessments is delinquent or if a total of delinquencies is over 5%, or if it is expected that Reserve Fund moneys will need to be utilized for either the May or November bond payments, the City Treasurer shall work with City Attorney's office, or the appropriate designee, to satisfy payment of
