20 & 21-APPROVE ABATEMENT REQUEST AS PRESENTED

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No delay or omission to exercise any right or power accruing upon any default shall impair any such right or power or shall be construed to be a waiver of any such default or acquiescence therein, and every such right and power may be exercised from time to time and as often as may be deemed expedient. The specific remedies herein provided shall be cumulative of all other existing remedies and the specification of such remedies shall not be deemed to be exclusive. SECTION 10: Notices to Authoritv or the Denartment. Wherever this Ordinance provides for notice to the Authority or the Department of any event, such notice shall be sufficiently given (unless otherwise herein expressly provided) if in writing and sent by United States mail, first-class postage prepaid, to the address of the Authority or the Department as it appears in the SIB Loans documentation. SECTION 11: Taxable Obli.at� ions. The City Obligations are not "state or local bonds" within the meaning of section 103(a) and (c) of the Internal Revenue Code of 1986, as amended; therefore, the interest on the City Obligations are not excludable from the gross income of the holders thereof for federal income tax purposes. SECTION 12: Le,al Opinion. The Department's obligation to execute and deliver the SIB Loans is subject to its being furnished a fnal opinion of Fulbright & Jaworski L.L.P., as Special Counsel to the Authority ("Special Counsel"), approving certain legal matters. SECTION 13: Effect of Headin�s. The Section headings herein are for convenience only and shall not affect the construction hereof. SECTION 14: Ordinance a Contract — Amendments. The City acknowledges that the covenants and obligations of the City herein contained are a material inducement to the Authority and the Department relating to the execution and delivery of the SIB Loans. This Ordinance shall constitute a contract with the Authority and the Department, shall be binding on the City and its successors and assigns, and shall not be amended or repealed by the City so long as the City Obligations remain outstanding, except as permitted in this Section. The City may amend this Ordinance, with the prior written consent of the Authority and the Department. SECTION 15: Benefits of Ordinance. Nothing in this Ordinance, expressed or implied, is intended or shall be construed to confer upon any person other than the City, Special Counsel, the Authority, and the Department, any right, remedy, or claim, legal or equitable, under or by reason of this Ordinance or any provision hereof, this Ordinance and all its provisions being intended to be and being for the sole and exclusive benefit of the City, Special Counsel, the Authority, and the Department. SECTION 16: Inconsistent Provisions. All ordinances and resolutions, or parts thereof, which are in conflict or inconsistent with any provision of this Ordinance are hereby repealed to the extent of such conflict, and the provisions of this Ordinance shall be and remain controlling as to the matters ordained herein. SECTION 17: Construction of Terms. If appropriate in the context of this Ordinance, words of the singular number shall be considered to include the plural, words of the plural 95604560.7 -%-