FINAL PFM Bond Resolution-LTGO Refunding Bond 2020

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-22- 502686980 v1 (g) To the extent permitted by law, the County and the Bank, as applicable, hereby waive its right to a trial by jury in any action or proceeding arising out of, or relating to, this resolution, the Bond, or any related documents. (h) Upon the occurrence of a Payment Default and if the bank incurs any expenses in connection with the enforcement of the County’s obligations to the Bank, or if the County takes collection action in connection with the Bond, the County shall pay to the Bank, on demand, the Bank’s reasonable costs and reasonable attorneys’ fees, whether at trial, on appear or otherwise, including allocated costs of in-house counsel, subject to a limit of $10,000. Section 15. Resolution and Laws a Contract with the Bank. This resolution is adopted under the authority of and in full compliance with the Constitution and laws of the State of Washington, including Title 36 of the Revised Code of Washington, as amended and supplemented. In consideration of the loan made by the Bank, evidenced by the Bond, the provisions of this resolution and of said laws shall constitute a contract with the Bank, and the obligations of the County and its Board under said laws and under this resolution shall be enforceable by any court of competent jurisdiction; and the covenants and agreements herein and in the Bond set forth shall be for the equal benefit of the Bank and any permitted trans feree or assignee. Section 16. Severability. If one or more of the covenants or agreements provided in this resolution to be performed on the part of the County shall be declared by any court of competent jurisdiction to be contrary to law, then such covenant or covenants, agreement or agreements, shall be null and void and shall be deemed separable from the remaining covenants and agreements in this resolution and shall in no way affect the validity of the oth er provisions of this resolution or of the Bond.