Orange County NC Website
event has occurred and is continuing which, with the lapse of time or the giving of notice or both, • <br />might constitute an event of default under any such instrument, and no event has occurred which <br />with the passage of time or the giving of notice, or both, would constitute an event of default as <br />defined in the Contract; <br />(j) the County will furnish such information and will cooperate with the Underwriter <br />in taking such actions as the Underwriter may reasonably request to qualify the Bonds for offer <br />and sale under the Blue Sky or other securities laws and regulations of any state and other <br />jurisdictions of the United States which the Underwriter may designate; provided, however, that <br />the County will not be required to execute a special or general consent to service of process or <br />qualify as a foreign corporation in connection with such qualification; <br />(k) the County will take all action and provide all information required to be taken or <br />provided by the Company under the Purchase Contract in connection with the preparation and <br />distribution of the Official Statement, and the terms and conditions of the Purchase Contract <br />relating to such preparation and distribution, including without limitation the provisions of <br />Section 2 thereof, are incorporated by reference in this Letter of Representation, mutatis <br />mutandis; <br />(1) on the Closing Date, the County Documents will have been duly authorized, <br />executed and delivered and will constitute valid and binding obligations of the County <br />enforceable in accordance with their terms (except insofar as the enforcement thereof may be <br />limited by bankruptcy, insolvency or similar laws relating to the enforcement of creditors' <br />rights); • <br />(m) if, at any time prior to the later of (i) receipt of notice from the Underwriter <br />pursuant to Section 2(b) of the Purchase Contract that Official Statements are no longer required <br />to be delivered under the Rule (as defined in the Purchase Contract) or (ii) 90 days after the <br />Closing, any event occurs as a result of which the Preliminary Official Statement or the Final <br />Official Statement as then amended or supplemented might include an untrue statement of a <br />material fact, or omit to state any material fact necessary to make the statements therein, in light <br />of the circumstances under which they were made, not misleading, the County shall promptly <br />notify the Underwriter thereof in writing; provided, however, that the County shall have such <br />obligations with respect to information in the Preliminary Official Statement and Final Official <br />Statement concerning and supplied by the Company or the Underwriter only to the extent the <br />County has actual knowledge or notice of any such event; any information supplied by the <br />County for inclusion in any amendments or supplements to the Preliminary Official Statement or <br />Final Official Statement will not contain any untrue or misleading statement of a material fact <br />relating to the County or omit to state any material fact relating to the County necessary to make <br />the statements therein, in the light of the circumstances under which they were made, not <br />misleading; and on the request of the Underwriter therefor, the County shall prepare and deliver <br />to the Underwriter at the County's expense as many copies of an amendment or supplement <br />which will correct any untrue. statement or omission as the Underwriter may reasonably request; <br />(n) in the Contract the County will covenant to comply with the information reporting <br />requirements adopted by the Securities and Exchange Commission or the Municipal Securities • <br />Rulemaking Board with respect to obligations such as the Bonds; <br />3025651v2 15249.00084 <br />