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<br />under applicable law. In such event, if no successor securities depository is <br />appointed, the City will issue and the Bond Registrar will authenticate Bond <br />certificates in accordance with this resolution and the provisions hereof will apply <br />to the transfer, exchange and method of payment thereof. <br /> <br />7.05. Payments to Cede &: Co. Notwithstanding any other provision of this <br />Resolution to the contrary, so long as a Bond is registered in the name of Cede &: <br />Co. , as nominee of DTC, payments with respect to principal of, premium, if any, and <br />interest on the Bond and notices with respect to the Bond will be made and given, <br />respectively in the manner provided in DTC's Operational Arrangements, as set <br />forth in the Representation Letter. <br /> <br />Section 8. Continùine; Disclosure. <br /> <br />8.01. The City hereby covenants and agrees that it will comply with and carry <br />out all of the provisions of the Continuing Disclosure Certificate. Notwithstanding <br />any other provision of this Resolution, failure of the City to comply with the <br />Continuing Disclosure Certificate is not to be considered an event of default with <br />respect to the Bonds; however, any Bondholder may take such actions as may be <br />necessary and appropriate, including seeking mandate or specific performance by <br />court order, to cause the City to comply with its obligations under this section. <br /> <br />8.02. "Continuing Disclosure Certificate" means that certain Continuing <br />Disclosure Certificate executed by the Mayor and City Manager and dated the date <br />of issuance and delivery of the Bonds, as originally executed and as it may be <br />amended from time to time in accordance with the terms thereof. <br /> <br />Section 9. Consolidation of Improvement Projects. <br /> <br />9.01. Pursuant to Minnesota Statutes, Section 435.56 the following <br />improvement projects to be financed by the Bonds, which projects were all instituted <br />under Minnesota Statutes, Chapter 429 at substantially the saine time, are <br />consolidated as separate improvement project. <br /> <br />Project Nos. P-90-07 and ST-92-27 (Combined Project No.1) <br />Project Nos. P-94-02-14, P-94-04 and P-94-06 (Combined Project No.2) <br /> <br />DJJt103226 <br />RS2oo-16 <br />