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necessary and advisable for the authorization, sale and <br /> issuance of the industrial development revenue bonds and the <br /> Acquisition of the Industrial Project, all as shall be <br /> authorized by the Act and mutually satisfactory to the <br /> Authority and the Company. The industrial development <br /> revenue bonds shall not be deemed-Ito constitute a debt or a <br /> pledge of the faith and credit_ of the State of North <br /> Carolina or any political subdivision or agency thereof, but <br /> such industrial development revenue bonds shall be payable <br /> solely from the payments to be provided (directly or <br /> indirectly) by the Company. The industrial development <br /> revenue bonds issued shall be in such aggregate principal <br /> amount, shall bear interest at such rate or rates, shall be <br /> payable at such times and places, shall be in such forms and <br /> denominations, shall be sold in such manner and at such time <br /> or times, shall have such provisions for redemption, shall <br /> be executed, and shall be secured as hereafter may be <br /> requested by the Company and fixed by the Authority, all on <br /> terms mutually satisfactory to--E the Authority and the <br /> Company. <br /> 3 . Undertakings on the Part of the Company. Subject to the <br /> conditions hereinabove and hereinafter stated, the Company agrees <br /> as follows: <br /> 5. _ <br />