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SALOMON SMITH BARNEY INC.
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Last modified
4/23/2021 4:17:16 PM
Creation date
3/31/2021 3:18:13 PM
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Contracts
Company Name
SALOMON SMITH BARNEY INC.
Contract #
A-2003-075
Agency
Community Development
Council Approval Date
3/17/2003
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(xx) a certificate, dated the date of the Preliminary Official Statement, of <br />the Insurer, as required under Rule 15c2-12; <br />(xxi) a certificate, dated the date of the Preliminary Official Statement, of <br />the City, as required under Rule 15c2-12; <br />(xxii) a certificate, dated the date of the Preliminary Official Statement, of <br />the Agency, as required under Rule 15c2-12; <br />(xxiii) a certificate, dated the date of the Closing, of the Insurer, as to such <br />matters as Special Counsel, the Underwriter and Underwriter's Counsel may require; <br />(xxiv) an opinion of counsel to the Insurer, dated the date of the Closing, as <br />to such matters as Special Counsel, the Underwriter and Underwriter's Counsel may <br />require; and <br />(xxv) such additional legal opinions, certificates, proceedings, instruments <br />or other documents as Special Counsel or Underwriter's Counsel may reasonably <br />request. <br />Section 9. Changes in Official Statement. After the Closing, neither the Agency nor <br />the City will adopt any amendment of or supplement to the Official Statement to which the <br />Underwriter shall reasonably object in writing. Within 90 days after the Closing or within 25 days <br />following the "end of the underwriting period" (as defined in Section 240 15c-12 in Chapter II of <br />Title 17 of the Code of Federal Regulations (Rule "15c2-12"), whichever occurs first, if any event <br />relating to or affecting the Certificates, the Trustee, the City or the Agency shall occur as a result of <br />which it is necessary, in the opinion of the Underwriter, to amend or supplement the Official <br />Statement in order to make the Official Statement not misleading in any material respect in the light <br />of the circumstances existing at the time it is delivered to a purchaser, the Agency will forthwith <br />prepare and furnish to the Underwriter an amendment or supplement that will amend or supplement <br />the Official Statement so that it will not contain an untrue statement of a material fact or omit to state <br />a material fact necessary in order to make the statements therein, in the light of the circumstances <br />existing at the time the Official Statement is delivered to purchaser, not misleading. The City and the <br />Agency shall cooperate with the Underwriter in the filing by the Underwriter of such amendment or <br />supplement to the Official Statement with a nationally recognized municipal securities repository. <br />The Underwriter acknowledges that the "end of the underwriting period" will be the date of Closing. <br />Section 10. Indemnification. <br />(a) The City and Agency agree to indemnify and hold harmless the Underwriter, <br />the directors, officers, employees and agents of the Underwriter and each person who controls the <br />Underwriter within the meaning of either the Securities Act or the Exchange Act against any and all <br />losses, claims, damages or liabilities, joint or several, to which they or any of them may become <br />subject under the Securities Act, the Exchange Act or other Federal or state statutory law or <br />regulation, at common law or otherwise, insofar as such losses, claims, damages or liabilities (or <br />actions in respect thereof) arise out of or are based upon any untrue statement or alleged untrue <br />statement of a material fact contained in the Preliminary Official Statement, the Final Official <br />Statement (or in any supplement or amendment thereto), or arise out of or are based upon the <br />omission or alleged omission to state therein a material fact required to be stated therein or necessary <br />17 <br />
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