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for the sole and exclusive benefit of the holders of the Refunded Bonds until redemption <br /> of the Refunded Bonds on , 2024 is made]. <br /> 3. You shall promptly collect the principal, interest or profit from the proceeds <br /> deposited in the Trust Account and promptly apply the same as necessary to the payment <br /> of the Refunded Bonds as herein provided. <br /> 4. The City has called the Refunded Bonds for redemption and payment prior to <br /> maturity on , 2024. You are hereby directed to provide for and give or cause <br /> the Prior Paying Agent (as hereinafter defined) to give timely notice of the call for <br /> redemption of the Refunded Bonds. The form and time of the giving of such notice <br /> regarding the Refunded Bonds shall be as specified in the ordinance authorizing the <br /> issuance of the Refunded Bonds. The City agrees to reimburse you for any actual <br /> out-of-pocket expenses incurred in the giving of such notice, but the failure of the City to <br /> make such payment shall not in any respect whatsoever relieve you from carrying out any <br /> of the duties, terms or provisions of this Agreement. <br /> 5. In addition, you are hereby directed to give or cause the Prior Paying Agent <br /> to give notice of the call of the Refunded Bonds, on or before the date the notice of such <br /> redemption is given to the holders of the Refunded Bonds, to the Municipal Securities <br /> Rulemaking Board(the "MSRB")through its Electronic Municipal Market Access system <br /> for municipal securities disclosure or through any other electronic format or system <br /> prescribed by the MSRB for purposes of Rule 15c2-12 adopted by the Securities and <br /> Exchange Commission under the Securities Exchange Act of 1934, as amended. <br /> Information with respect to procedures for submitting notice can be found at <br /> https://msrb.org. <br /> 6. You shall remit the sum of $ to U.S. Bank Trust Company, <br /> Indianapolis, Indiana, paying agent for the Refunded Bonds (the "Prior Paying Agent"), <br /> on , 2024, such sum being sufficient to pay the principal of and interest on <br /> the Refunded Bonds on such date, and such remittance shall fully release and discharge <br /> you from any further duty or obligation thereto under this Agreement. <br /> 7. You shall make no payment of fees, due or to become due, of the bond <br /> registrar and paying agent on the Bonds or the Refunded Bonds. The City shall pay the <br /> same as they become due. <br /> 8. If at any time it shall appear to you that the funds on deposit in the Trust <br /> Account will not be sufficient to pay the principal of and interest on the Refunded Bonds, <br /> you shall notify the City not less than five(5)days prior to such payment date and the City <br /> shall make up the anticipated deficit from any funds legally available for such purpose so <br /> that no default in the making of any such payment will occur. <br /> A-2 <br />