Agenda - 06-24-1986 - Laserfiche WebLink

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thority, the Company and the Holder . Alterations and modifica- tions of the Company Guaranty, or of any amendments or supplements thereto, may be made only with the written consent of the Company and the Holder . Alterations and modifications of the Personal Guaranty, or of any amendment or supplement thereto, may be made only with the written consent of the Personal Guarantors, the Authority and the Holder. Section 13. Limitation of Liability of Members, etc. , of Authority. The Authority and the members, officers, agents and employees of the Authority shall not be liable under this Agree- ment except as provided in Sections 11 . 12 and 11. 13 of the Loan Agreement. Section 14 . Execution in Counterparts. This Agreement may be executed in several counterparts, each of which shall be an original and all of which shall constitute but one and the same instrument. Section 15. Miscellaneous. (a) The Company agrees to pay ( i) the reasonable fees and expenses of counsel to the Authority, of Bond Counsel, of counsel to the Purchaser and of counsel to the Depositary and all other costs and expenses incidental to the financing hereunder and the issuance of the Bond, including the costs of producing the documents referred to herein and the fee of the Local Government Commission of North Carolina; ( ii) all taxes, if any, upon any documents or transactions pursuant to this Agree- ment ; (iii ) all expenses incidental to all filings and recordings pursuant to the Bond Documents; and ( iv) all costs of collection ( including reasonable counsel fees) in the event of default in the payment of the principal of or interest and premium, if any, on the Bond or other charges payable under this Agreement. (b) This Agreement shall be binding upon and shall inure to the benefit of the Authority, the Depositary, the Holder and the Company and their respective successors and assigns. (c) Upon Payment of the Bond (as defined in the Loan Agreement) , the Authority shall be relieved of all further obliga- tions with respect to the Bond and this Agreement, except for the obligation to make certain payments in the event of a Determina- tion of Taxability as more particularly provided in the Bond. (d) Any moneys required or permitted to be paid or deposited with the Holder under the provisions of the Loan Agreement, the Assignment, the Security Agreement or the Deed of Trust (other than as a payment or prepayment of amounts due pursuant to the Note or the Loan Agreement or of the principal of or interest or premium, if any, on the Bond or as a payment of or reimbursement for an expense to be paid or reimbursed to the Holder by Company) 13 .