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Agenda - 06-24-1986
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Agenda - 06-24-1986
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10/11/2016 2:43:46 PM
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BOCC
Date
6/24/1986
Meeting Type
Regular Meeting
Document Type
Agenda
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( b) In addition, the Company shall provide to the Holder <br /> ( i ) together with each of the statements referred to in paragraph <br /> (a ) of this Section 7 . 3 , a certificate of a chief financial <br /> officer of the Company satisfactory to the Holder that the <br /> Company is in compliance with the provisions of each of the Bond <br /> Documents to which it is a party, and ( ii ) such other information <br /> with regard to the Company' s operations, financial condition and <br /> affairs as the Holder may reasonably request . An officer or <br /> director of the Company shall deliver to the Holder and the <br /> Authority forthwith, upon obtaining knowledge of an Event of <br /> Default hereunder or under any of the Bond Documents, or any <br /> event which would constitute such an Event of Default but for the <br /> requirement that notice be given or time elapse or both, a <br /> certificate of the Company specifying the nature and period of <br /> existence thereof and what action the Company proposes to take <br /> with respect thereto. <br /> (c) The Company shall deliver on or prior to July 1 of each <br /> year to the Authority and the Local Government Commission of the <br /> State a certificate stating the principal amount of the Bond <br /> outstanding as of June 30 of the same year and the Holder of the <br /> Bond as of such July 1. <br /> Section 7.4. Further Assurances and Corrective Instruments. <br /> Subject to the provisions of the Bond Purchase Agreement, the <br /> Authority and the Company agree that they will , from time to <br /> time, execute, acknowledge and deliver, or cause to be executed, <br /> acknowledged and delivered, such supplements and amendments <br /> hereto and such further instruments as may reasonably be required <br /> for correcting any inadequate or incorrect description of the <br /> Project and for carrying out the intention or facilitating the <br /> performance of this Agreement. <br /> Section 7 . 5. Recording and Filing; Other Instruments. <br /> (a) The Company covenants that it will cause Counsel to render <br /> an opinion to the Authority and to the Holder not earlier than 60 <br /> nor later than 30 days prior to each anniversary date occurring <br /> at five-year intervals after the issuance of the Bond to the <br /> effect that all financing statements, continuation statements, <br /> notices and other instruments required by applicable law have <br /> been recorded or filed or re-recorded or re-filed in such manner <br /> and in such places required by law in order fully to preserve and <br /> to protect the rights of the Holder in the assignment of certain <br /> rights of the Authority under this Agreement, the Security <br /> Agreement and otherwise under the Assignment and in the endorse- <br /> ment and pledge of the Note as against creditors of, or pur- <br /> chasers for value from, the Authority or the Company. <br /> (b) The Company and the Authority shall execute and deliver <br /> all instruments and shall furnish all information and evidence <br /> 20. <br />
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