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(c) Performance......................................................................................................l l <br /> (d)Legal Authority................................................................................................11 <br /> (e) Budget...............................................................................................................l l <br /> (f)Permits.............................................................................................................. 11 <br /> Section 16. LIMITED OBLIGATIONS OF THE AUTHORITY............................................11 <br /> Section 17. DEFAULT AND REMEDIES...............................................................................11 <br /> (a)Events of Default..............................................................................................11 <br /> (b) Remedies for Event of Default.........................................................................l 1 <br /> (c)Remedies Not Exclusive...................................................................................12 <br /> Section 18. AMENDMENT OF RESOLUTION.....................................................................12 <br /> (a)Amendments Without Consent.........................................................................12 <br /> (b)Amendments With Consent.............................................................................13 <br /> (c)Notice ...............................................................................................................13 <br /> (d)Receipt of Consents..........................................................................................14 <br /> (e)Effect of Amendments......................................................................................14 <br /> (f) Consent Irrevocable..........................................................................................14 <br /> (g) Ownership........................................................................................................14 <br /> Section 19. COVENANTS REGARDING TAX EXEMPTION OF INTEREST <br /> ONTHE NOTE.....................................................................................................14 <br /> (a) Covenants.........................................................................................................14 <br /> (b)Rebate Fund......................................................................................................16 <br /> (c)Proceeds............................................................................................................16 <br /> (d) Allocation Of, and Limitation On,Expenditures for the Project.....................16 <br /> (e)Disposition of Project.......................................................................................17 <br /> (f) Reimbursement.................................................................................................17 <br /> Section 20. RESOLUTION TO CONSTITUTE A CONTRACT; EQUAL SECURITY........17 <br /> Section 21. SEVERABILITY OF INVALID PROVISIONS...................................................17 <br /> Section 22. PAYMENT AND PERFORMANCE ON BUSINESS DAYS .............................17 <br /> Section 23. LIMITATION OF BENEFITS WITH RESPECT TO THE RESOLUTION .......18 <br /> Section 24. CUSTODY, APPROVAL, BOND COUNSEL'S OPINION, CUSIP <br /> NUMBERSAND PREAMBLE............................................................................18 <br /> Section 25. CONTINUING DISCLOSURE UNDERTAKING...............................................18 <br /> Section 26. APPLICATION OF NOTE PROCEEDS..............................................................18 <br /> Section 27. DEFEASANCE PROVISIONS.............................................................................19 <br /> Section 28. SALE OF THE NOTE; USE OF PROCEEDS......................................................20 <br /> (a) Sale to Wells Fargo ..........................................................................................20 <br /> (b)Notice from the Purchaser of Sale of the Note.................................................20 <br /> (c) Proceeds............................................................................................................20 <br /> (d)Payment of Wire Transfer................................................................................20 <br /> (e) Investment of Note Proceeds............................................................................20 <br /> Section 29. FURTHER PROCEDURES ..................................................................................20 <br /> Section 30. REPEAL OF CONFLICTING RESOLUTIONS ..................................................21 <br /> Section31. PUBLIC NOTICE..................................................................................................21 <br /> Section 32. NO PERSONAL LIABILITY...............................................................................21 <br /> Section 33. APPROVAL OF PAYING AGENT/REGISTRAR AGREEMENT.....................21 <br /> Section 34. APPROVAL CERTIFICATE................................................................................21 <br /> ii <br /> ARWA\BAN\2023:Authorizing Resolution <br />