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1980-738-R
CITY-OF-BATESVILLE
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1980-738-R
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6/8/2016 3:50:52 PM
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amended , and the Regulations thereunder in effect on <br /> the date of such disposition and substitution and <br /> applicable to obligations issued on the issue date of <br /> the Bonds, and <br /> The Trustee shall receive from an <br /> independent certified public accountant a <br /> certification that , after such transaction , the <br /> amounts of cash and Government Securities shall be <br /> sufficient to meet the payment of principal , <br /> premiums , if any , and interest on the Previous Bonds <br /> as the same become due. <br /> Should any transaction effected pursuant to this paragraph 5 <br /> result in amounts being held by the Trustee under this Amended <br /> and Substituted Refunding Trust Agreement to be in excess of <br /> the debt service requirements of the Previous Bonds , (as <br /> determined by the certification required by clause ( iii) of <br /> this paragraph 51 , such excess amounts may be withdrawn and <br /> forwarded to the City to be used for the benefit of the <br /> Batesville Utilities Commission. <br /> Section 6 . This Amended and Substituted Refunding Trust <br /> Agreement shall be irrevocable and the agreements herein set <br /> forth shall be strictly performed and enforced. Except for the <br /> purpose of curing any ambiguity herein or of further assuring <br /> the security and rights of the holders of the Previous Bonds, <br /> this Agreement shall not be modified, altered or amended by the <br /> parties hereto without the prior written consent of the holders <br /> of all the outstanding Bonds . The holders of the Previous <br /> Bonds shall have an express lien on all moneys and Government <br /> Securities in the Trust Fund until paid out, used and applied <br /> in accordance with this Agreement. <br /> 4 <br />
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