O-1985-1448 - Laserfiche WebLink

Browse Search

e e addressed to such party or by depositing the same in the United States mail, postpaid and registered or certified and addressed to such party as follows: To the Escrow Agent: First City National Bank of Houston P. O. Box 809 Houston, Texas 77001 Att'n: Corporate Trust Department To the City: City of La Porte P. O. Box 1115 La Porte, Texas 77571 Att'n: The United States Post Office registered or certified mail receipt showing delivery of the aforesaid shall be conclusive evidence of the date and fact of delivery if mailed in the specified manner. Notice given in any other manner shall be effective only if and when received by the party to be notified. Any party hereto may change the address to which notices are to be delivered by giving at least ten (10) days' notice thereof to the other party. Section 6.02. Termination of Escrow Agent's Obliga- tions. Upon the taking by the Escrow Agent of all the actions as described herein, the Escrow Agent shall have no further obligations or responsibilities hereunder to the City, the holders of the Outstanding Bonds or to any other person or persons in connection with this Escrow Agreement. Section 6.03. Binding Agreement. This Escrow Agree- ment shall be binding upon the City and the Escrow Agent and their respective successors and legal representatives, and shall inure solely to the benefit of the holders of the Defeased Bonds, the City, the Escrow Agent and their respec- tive successors and legal representatives. Section 6.04. Interpretations. The titles of the sections of this Escrow Agreement have been inserted for convenience of reference only and are not to be considered a part hereof and shall not in any way modify or restrict the terms hereof. This Escrow Agreement and all of the terms and provisions hereof shall be liberally construed to effectuate the purposes set forth herein and to achieve the 001RDRBR/193B01 -8-