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200510856
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Last modified
3/4/2012 10:39:14 AM
Creation date
11/2/2005 12:06:03 PM
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DEEDS
Inst Number
200510856
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200510856 <br />Agreement without the prior written consent of the Insurer. The Insurer reserves the right to <br />charge the Corporation a fee for any consent or amendment to the Indenture or the Agreement so <br />long as the Policy remains in effect. <br />(b) Consent of Insurer in Addition to Bondholder Consent. Unless otherwise <br />provided in this Article XIV, the Insurer's consent shall be required in addition to bondholder <br />consent, when required, for the following purposes: (i) execution and delivery of any supplemental <br />indenture or any amendment, supplement or change to or modification of the Agreement, (ii) <br />removal of the Trustee and selection and appointment of any successor Trustee; and (iii) initiation <br />or approval of any action not described in (i) or (ii) above which requires bondholder consent. <br />(c) Consent of Insurer in the Event of Insolvency. Any reorganization or <br />liquidation plan with respect to the Corporation or the City must be acceptable to the Insurer. In <br />the event of any reorganization or liquidation, the Insurer shall have the right to vote on behalf of <br />all Bondholders (registered owners) who hold (or own, including beneficial ownership) Ambac <br />Assurance - insured Building Bonds absent a default by the Insurer under the Policy. <br />(d) Consent of Insurer Upon Default. Anything in this Indenture to the contrary <br />notwithstanding, upon the occurrence and continuance of an event of default in payment of <br />principal or interest on the Building Bonds, the Insurer shall be entitled to control and direct the <br />enforcement of all rights and remedies granted to the Bondholders (registered owners including <br />Beneficial Owners) or the Trustee for the benefit of the Bondholders (registered owners including <br />Beneficial Owners) under this Indenture or pursuant to the laws of the State of Nebraska. <br />(e) Notices. The Corporation agrees that notice, including such notices as agreed <br />to by the City under the Agreement, shall be provided to the Insurer in accordance with the <br />following provisions and further hereby directs the Trustee to give notice as and to the extent <br />required to be given by the Trustee under the terms of such provisions: <br />(1) Notices to be sent to the attention of SURVEILLANCE DEPARTMENT: <br />A. While the Policy is in effect, the City shall furnish to the Insurer (to the <br />attention of the Surveillance Department, unless otherwise indicated): <br />(a) as soon as practicable after the filing thereof with the City, a copy of the <br />City's audit and annual report and of any other financial statements of the City prepared by the <br />City's accountants from time to time; <br />(b) such additional information as the Insurer may reasonably request from time <br />to time; <br />Upon request, such information shall be delivered by the City at the City's expense <br />to the attention of the Insurer's Surveillance Department. <br />B. A copy of any notice to be given to the registered owners of the Building <br />Bonds, including, without limitation, notice of any redemption of or defeasance of the Building <br />31 <br />
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