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RES 87418
City of Pleasanton
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RES 87418
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10/26/2017 4:23:58 PM
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12/6/1999 11:19:45 PM
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CITY CLERK
CITY CLERK - TYPE
RESOLUTIONS
DOCUMENT DATE
9/15/1987
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SECTION 7.04. Remedies Not Exclusive. No remedy <br />herein conferred upon or reserved to the Trustee is intended <br />to be exclusive of any other remedy, and each such remedy <br />shall be cumulative and shall be in addition to every other <br />remedy given hereunder or now or hereafter existing in law or <br />in equity or by statute or otherwise and may be exercised <br />without exhausting and without regard to any other remedy <br />conferred by any law. <br /> <br /> SECTION 7.05. No Liability by the Corporation to <br />the Owners. Except as expressly provided herein, the <br />Corporation shall not have any obligation or liability to the <br />Owners with respect to the payment when due of the Rental <br />Payments by the City, or with respect to the performance by <br />the City of the other agreements and covenants required to be <br />performed by it contained in the Facility Lease or herein, or <br />with respect to the performance by the Trustee of any right or <br />obligation required to be performed by it contained herein. <br /> <br /> SECTION 7.06. No Liability by the City to the <br />Owners.' Except for the payment when due of the Rental <br />Payments and the performance of the other agreements and <br />covenants required to be performed by it contained in the <br />Facility Lease or herein, the City shall not have any <br />obligation or liability to the Owners with respect to the <br />Trust Agreement or the preparation, execution, delivery or <br />transfer of the Certificates or the disbursement of the Base <br />Rental Payments by the Trustee to the Owners, or with respect <br />to the performance by the Trustee of any right or obligation <br />required to be performed by it contained herein. <br /> <br /> SECTION 7.07. No Liability by the Trustee to the <br />Owners. Except as expressly provided herein, the Trustee <br />shall not have any obligation or liability to the Owners with <br />respect to the payment when due of the Base Rental Payments by <br />the City, or with respect to the performance by the City of <br />other agreements and covenants required to be performed by it <br />contained in the Facility Lease or herein. <br /> <br /> ARTICLE VIII <br /> THE TRUSTEE <br /> <br /> SECTION 8.01. Employment of the Trustee. The <br />Corporation and the City hereby appoint and employ the Trustee <br />to receive, deposit and disburse the Rental Payments, to <br />prepare, execute, deliver and transfer the Certificates and to <br />perform the other functions contained herein; all in the <br />manner provided herein and subject to the conditions and terms <br />hereof. By executing and delivering the Trust Agreement, the <br />Trustee accepts the appointment and employment hereinabove <br /> <br /> 39 <br />1451S <br /> <br /> <br />
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