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2018 $660,000 GP Imp Bonds Series 2018A Master Agreement for Arbitrage Monitoring Services
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2018 $660,000 GP Imp Bonds Series 2018A Master Agreement for Arbitrage Monitoring Services
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Last modified
6/1/2026 1:11:04 PM
Creation date
6/1/2026 1:10:53 PM
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Bonds
Code
BON 00300
Document
BOND SALE
Destruction
PERMANENT
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LIMIT OF LIABILITY <br />To the fullest extent permitted by applicable law, the total aggregate liability of Ehlers under this Agreement <br />for any actions or omissions taken by Ehlers in the performance of this Agreement shall be limited to the <br />fees paid by Client to Ehlers under this Agreement. However, such liability limitation shall not apply to <br />the extent penalty and/or interest is imposed on Client by the IRS on any additional rebate amount or yield <br />reduction payment that results from the gross negligence or intentional misconduct of Ehlers in rendering <br />the services outlined in this Agreement. in such case, it is agreed that Ehlers will be liable only for penalty <br />and/or interest imposed by the IRS on any additional rebate amount or yield reduction payment that results <br />from the gross negligence or intentional misconduct of Ehlers. The Client is ultimately responsible for the <br />completion and filing of IRS Form 8038-T or 8038-R. Client, and not Ehlers, shall be responsible for <br />payment of any rebate amount or yield reduction payment due and any interest or penalty for failure to <br />make timely payments. Under no circumstances shall any employee or agent of Ehlers have any personal <br />liability arising out of this Agreement and no party shall seek or claim any such personal liability. <br />NO THIRD PARTY BENEFICIARY <br />No third party shall have any rights or remedies under this Agreement. This Agreement is made solely for <br />the benefit of the parties hereto, and no other person, partnership, limited liability company, association, or <br />corporation shall acquire or have any rights under this Agreement. <br />CONFIDENTIALITY: DISCLOSURE OF INFORMATION <br />Client Information All information, files, records, memoranda and other data of the Client ("Client <br />Information") shall be deemed by the parties to be the property of Client. Ehlers may disclose Client <br />information to third parties in connection with the performance by it of its duties hereunder. <br />Ehlers Information Client acknowledges that in connection with the performance by Ehlers of its duties <br />hereunder, Client may become aware of internal files, records, memoranda and other data, including <br />without limitation computer programs of Ehlers ("Ehlers Information"). Client acknowledges that all <br />Ehlers Information, except reports prepared by Ehlers for the Client, is confidential and proprietary to <br />Ehlers, and agrees that Client will not, directly or indirectly; disclose the same or any part thereof to any <br />person or entity except with the express written consent of Ehlers. <br />TERM / TERMINATION OF CONTRACT <br />The term of this Agreement shall begin on the effective date of this Agreement and shall continue until such <br />time as the above -referenced obligation is no longer outstanding. Either party may terminate this <br />Agreement with or without cause at any time during the term of this Agreement by sending written notice <br />of termination to the other party at least 30 days prior to the effective date of termination. Termination of <br />this Agreement shall extend to the termination of all Addenda to this Agreement and the obligations covered <br />by such Addenda. Should this Agreement be terminated, Ehlers shall be relieved of all liability for the <br />above -referenced obligation and any obligations described in the Addenda to this Agreement. <br />
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