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(Iage 2 <br />Tfre I.ssui:r agrees that. upon reeeipt of notice li•om the' Redenippoii Argent that the Payment A.Mount will <br />ilot be. su.fiicient. to..make any payment when. due. to the holders of any of the Series 2007A Bonds -or the: x <br />Refunding Bonds, the Issuer will. forthwith deposit wlth.you, 1 com meanies, on hand and legally available <br />l'or such purpose.. -such additional monies as naay be required to pay fully the amount -so to become due. <br />and payable. <br />Also. attached to this letter as Attachment A is. a Notice of "Ca.11 'ftfr Redemption of the Series 20t?7A <br />Honds W.ie '`Notice"), The Issuer has authorized the call for redomption of the Series 2007A Bonds and <br />rajuests that you provide. the Notice to the holders of the Series 20.67A Bonds as and when required b <br />the Series 2007A :Bonds and the authorizing dodunient's for the Bond and to provide the. Notice to 41'110 <br />I)cpository '1•twat:Con< paiiy.in.accordance.w•ith its:operaticnal arrangernentg. <br />The Issuer understands :that as to the existence or *nonexistence c)i' any -fact of 1.s to the stiflici4ncy (Ir <br />validity (tf any instrument, paper or proceeding, the Redemptiim Agent is entitled to rely upon a certificate <br />signed on behalf of the Issuer by the Ma) -or or the City de <br />rk or their aatliorired designee as strElicient <br />evidence of the facts therein contained. <br />The Issuer understaacls and agrees that. the. responsibilities of'the Redzinption Agent are limited to, (a) the. <br />safekeeping and segregation of the .Payment Amount; (b) the application of the Payment Amount as <br />herein provided .and (c} providing the Notice as described above, Further, artlrer, no. provision oi'tliis 1+`ucr shall <br />lie: construed to require the Redemption Agent to keep the: identical ni<ics; or any earl thereof, received <br />from the issuer -on hand. but monies tjf an equal amount shall always be maintained on hand as funds held <br />by the Redemption Agent as t:ritstee, .belonging to the Issuer and 4 $pedal account shall at all times he. _ <br />inawtained.on the books of the Redemption Anent. together with such monies: <br />Very truly yours. <br />CITY OI= -GEIM LAKE.. MINNESOTA. <br />City .Clerk <br />