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SECTION 703. The Remarketing Agent.
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SECTION 703. The Remarketing Agent.

(a) The University hereby appoints Goldman, Sachs & Co., having its principal office at 85 Broad Street, New York, New York 10004, as Remarketing Agent under this Series Resolution. The Remarketing Agent and any successor Remarketing Agent, by written instrument delivered to the University, the State Treasurer and the Paying Agent, shall accept the duties and obligations imposed on it under this Series Resolution.

(b) In addition to the other obligations imposed on the Remarketing Agent hereunder, the Remarketing Agent shall agree to keep such records of trades and make such confirmations as shall be consistent with prudent industry practice.

(c) The Remarketing Agent shall at all times be either a member of the National Association of Securities Dealers, Inc. or registered as a dealer or municipal securities dealer under the Securities Exchange Act of 1934, as amended, and authorized by law to perform its obligations hereunder.

(d) If at any time the Remarketing Agent is unable or unwilling to act as Remarketing Agent, the Remarketing Agent may resign, upon 30 days' prior written notice to the University, the Paying Agent, the State Treasurer and the Bank. The Remarketing Agent may be removed at any time by the University, by written notice signed by the University delivered to the Remarketing Agent, the Paying Agent, the State Treasurer and the Bank. Upon resignation or removal of the Remarketing Agent the University shall appoint a successor Remarketing Agent meeting the qualifications of Section 803(c) hereof. Upon the resignation or removal of the Remarketing Agent, the University shall pay over, assign and deliver any moneys and Bonds held by it to its successor. The Paying Agent shall, within 30 days of the resignation or removal of the Remarketing Agent or the appointment of a successor Remarketing Agent, mail notice thereof to registered owners of the Bonds.