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Undertaking is executed and delivered on behalf of the City as herein provided, the Continuing <br /> Disclosure Undertaking will be binding on the City and the officers, employees and agents of the <br /> City, and the officers, employees and agents of the City are hereby authorized, empowered and <br /> directed to do all such acts and things and to execute all such documents as may be necessary to <br /> carry out and comply with the provisions of the Continuing Disclosure Undertaking as executed. <br /> Notwithstanding any other provision of this Ordinance, the sole remedies for failure to comply <br /> with the Continuing Disclosure Undertaking shall be the ability of the beneficial owner of any <br /> Bond to seek mandamus or specific performance by court order, to cause the City to comply with <br /> its obligations under the Continuing Disclosure Undertaking. <br /> Section 24. Call of Refunded Bonds. In accordance with the redemption provisions of <br /> the bond ordinance authorizing the Prior Bonds, the City by the Council does hereby make <br /> provision for the payment of and does hereby call (subject only to the delivery of the Bonds) the <br /> Refunded Bonds for redemption and payment prior to maturity on the earliest practical call date <br /> therefor, the same being the date set forth in the Escrow Agreement. <br /> Section 25. Purchase of the Government Securities. The Escrow Agent and the <br /> Purchaser be and the same are each hereby authorized to act as agent for the City in the purchase <br /> of the Government Obligations described and set forth in the Escrow Agreement. <br /> Section 26. Municipal Bond Insurance. In the event the payment of principal and <br /> interest on the Bonds is insured pursuant to a municipal bond insurance policy (the "Municipal <br /> Bond Insurance Policy") issued by a bond insurer (the "Bond Insurer"), and as long as such <br /> Municipal Bond Insurance Policy shall be in full force and effect, the City and the Bond <br /> Registrar agree to comply with such usual and reasonable provisions regarding presentment and <br /> payment of the Bonds, subrogation of the rights of the Bondholders to the Bond Insurer when <br /> holding Bonds, amendment hereof, or other terms, as approved by the Council on advice of <br /> -32- <br /> 47 <br />