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Res 2001-114
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Res 2001-114
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Last modified
7/6/2006 3:05:25 PM
Creation date
7/6/2006 3:04:44 PM
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City Clerk
City Clerk - Document
Resolutions
City Clerk - Type
Agreement
Number
2001-114
Date
6/25/2001
Volume Book
144
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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 :,'lat the Lease complies with all applicable proYlsions 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) it Lessee consents to the creation or sale of any tractional 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 />~:e. ~0in:1.ftt~ <br /> <br />Banc One Leasing Corporation <br />(Lessor) r, <br /> <br />By: ~-I(~~rt~-~ <br />Tltle. ~~L~~,) ~LJt"'"-l <br /> <br /> <br />(munilease.tex) <br /> <br />Page 2 <br />
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