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Res 2002-115
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Res 2002-115
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Last modified
6/26/2006 3:02:11 PM
Creation date
6/26/2006 2:54:41 PM
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City Clerk
City Clerk - Document
Resolutions
City Clerk - Type
Agreement
Number
2002-115
Date
6/10/2002
Volume Book
148
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<br />(c) Without limiting the generality of the representations in the Master Lease as it applies to the Lease, Lessee <br />represents and warrants to Lessor that the Lease complies with all applicable provisions of the laws of the State of <br />Texas, including, without limitation, all applicable public finance laws of the State of Texas. <br /> <br />3. NO SALE OF FRACTIONAL INTERESTS IN THE LEASE, Lessor agrees that: (a) unless otherwise agreed <br />by Lessee in writing, Lessor will not create or sell fractional interests in the Lease or participation interests in the Lease; <br />(b) if Lessor sells or assigns its rights in the Lease, then, unless otherwise agreed by Lessee in writing, such sale or <br />assignment shall be of an undivided interest in all of Lessor's right, title and interest in the Lease to a single purchaser <br />or assignee; and (c) if Lessee consents to the creation or sale of any fractional interests in the Lease or any participation <br />interests in the Lease, Lessor agrees that such transaction shall comply with applicable State and federal law. <br /> <br />4. GENERAL. Except as expressly amended by this Addendum and other modifications signed by Lessor. the <br />Lease remains unchanged and in full force and effect. <br /> <br />IN WITNESS WHEREOF, the parties hereto have executed this Addendum as of the date first referenced <br /> <br />above. <br /> <br />City of San Marcos <br />(Lessee) <br /> <br />Banc One Leasing Corporation <br /> <br />By: <br /> <br />~k <br />\ b"\ <br />:t)"V, I <br />y <br />Interi~ fity MRna~pr <br /> <br /> <br />Title: <br /> <br /> <br />(munilease.tex) <br /> <br />Page 2 <br />
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