Credit Enhancement Fees. In consideration for the Borough's agreement in Section 1 hereof, and of the Authority's current financial position and desire to plan for future contingencies as set forth in the recitals above, the Authority hereby agrees to pay to the Borough a Credit Enhancement Fee for calendar year 2023 in the amount of $125,000, payable in quarterly installments, commencing January 1, 2023. The renewal of a Credit Enhancement Fee after calendar year 2023 shall be subject to reconsideration by the Authority not later than November 1, 2023. 2. Section 5 of the Agreement is amended to read as follows:
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Sources: Credit Enhancement Agreement, Credit Enhancement Agreement