Agenda - 06-24-1986 - Laserfiche WebLink

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which it is a party and in order to provide for and to assure payment of the Bond and any premium and the interest thereon when due, but solely in accordance with and subject to the limitations contained in the Bond Documents to which it is a party. ( j ) The Authority shall not alter, amend or repeal the Bond Resolution, or , without the prior written consent of the Holder , agree to any alteration or amendment of the Bond Documents to which it is a party or take any action impairing any authority, right or benefit given or conferred by the Bond Resolution or the Bond Documents to which it is a party. Section 3 . Representations, Warranties and Agreements by the Company. The Company hereby represents and warrants to, and agrees with, the Purchaser as follows: (a) The Company confirms its representations, warranties and agreements set forth in the Loan Agreement . (b) The executed Note endorsed to the order of the Purchaser, fully executed counterparts of the Bond Documents to which it is a party and certified copies of the reso- lutions of the Board of Directors of the Company authorizing the Company' s undertakings contemplated by the Bond Documents to which it is a party, shall be delivered to the Purchaser by the Company at the Closing Time, and they shall be in the respective forms theretofore submitted to the Purchaser and approved by the Purchaser, with only such changes or modifications thereof as the Purchaser, the Company and the Authority shall agree upon. Each of the Bond Documents to which the Company is a party is enforceable against the Company in accordance with its terms. (c) Notwithstanding any other provision of this Agreement, the Company covenants that ( i) it will make no use of the proceeds of the loan made by the Authority hereunder, of any of its funds, or of the Bond which would cause the Bond to be an "arbitrage bond" within the meaning of Section 103(c) of the Internal Revenue Code of 1954, as amended ( the "Code" ) , or Treasury Department Regulations promulgated thereunder as at the time in effect, and (ii) so long as the Bond is outstanding, it will comply with the requirements of said Section 103(c) and the applicable Treasury Department Regulations promulgated thereunder. (d) The Company warrants that there is no action, suit or proceeding at law or in equity or by or before any governmental agency or authority or arbitral tribunal now pending or to the knowledge of the Company, threatened 5 .