Laserfiche WebLink
<br />Section 1.2. Compensation. <br /> <br />As compensation for the Bank's services as Paying Agent/Registrar, the City hereby <br />agrees to pay the Bank the fees set forth in the Bank's fee schedule attached as Exhibit A hereto. <br />The Bank reserves the right to amend the fee schedule at any time, provided the Bank shall have <br />furnished the City with a written copy of such amended fee schedule at least 75 days prior to the <br />date that the new fees are to become effective. <br /> <br />ARTICLE II. <br /> <br />DEFINITIONS <br /> <br />Section 2.1. DefInitions. <br /> <br />For all purposes of this Agreement, except as otherwise expressly provided or unless the <br />context otherwise requires: <br /> <br />"Bank" means Wachovia Bank, National Association, Austin, Texas, a commercial bank <br />duly organized and existing under the laws of the United States of America. <br /> <br />"Obligation" or "Obligations" means anyone or all of the "City of La Porte, Texas, <br />Public Property Finance Contractual Obligations, Series 2006" authorized by the Ordinance. <br /> <br />"City" means the City of La Porte, Texas, and, where appropriate, its City Council. <br /> <br />"Ordinance" means the ordinance adopted by the City Council of the City authorizing the <br />issuance of the Obligations. <br /> <br />"Paying Agent" means Wachovia Bank, National Association, Austin, Texas. <br /> <br />"Person" means any individual, corporation, partnership, joint venture, association, joint <br />stock company, trust, unincorporated organization or government or any agency or political <br />subdivision of a government or any entity whatsoever. <br /> <br />"Registrar" means the Bank when it is performing the function of registrar. <br /> <br />"Registered Owner" means the Person in whose name any Obligation is registered in the <br />books of registration maintained by the Bank under this Agreement. <br /> <br />All other capitalized terms shall have the meanings assigned to them in the Ordinance. <br /> <br />ARTICLE III. <br /> <br />DUTIES OF THE BANK <br /> <br />Section 3.1. Initial Delivery of the Obligations. <br /> <br />The Obligations will be initially registered and delivered by the Bank to the purchaser <br />designated by the City as set forth in the Ordinance. If such purchaser delivers a written request <br /> <br />2 <br /> <br />HOU:2519047.2 <br />