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(C} anSj such modification does not materially impair the interests of the <br />beneficial ouTners, as determined either by parties unaffiliated with the County or <br />by the approving vote of the registered owners of a majority in principal amount of <br />the 20~6A Certificates pursuant to the terms of the bond resolution, as it ma~~~ be <br />amended from time to time, at the time of the amendment. <br />Any annual financial information contaiiung modified operating data or <br />financial infonllation will explain, in narrative form, the reasons for the <br />modification and the impact of the change in the type of operating data or financial <br />information being provided. <br />The provisions of this Section will terminate upon payment, or provision <br />ha~Ting been made for payment, in a manner consistent ujith Rule 15c2-12, in full <br />of the Installment Payments. <br />7.3. By the Company. The Company warrants, represents and covenants <br />(all such warranties, representations and covenants continuing} as follows: <br />(a) The Company is a nonprofit corporation duly orgaiuzed, existing and <br />in good standing under and by virtue of State lau~• and has the pou.•er to enter into <br />this Contract and the Trust Agreement. The Company has duly authorized this <br />Contract and the Trust Agreement and has caused each to be executed on its behalf <br />in accordance with the State lauT. <br />(b) Neither the execution and deli~Tery of this Contract or the Trust <br />Agreement, nor the fulfillment of or compliance with the terms and conditions <br />hereof or thereof, nor the consummation of the transactions contemplated hereby <br />or thereby, results in a breach of the terms, conditions or provisions of the <br />Company's charter or bylaws or any agreement or instntment to uThich the <br />Company is now a party or by which the Compan~j is bound, or constitutes a <br />default under any of the foregoing. <br />(c) To the best of the Company's knouTledge after due and reasonable <br />investigation, there is no action, suit, proceeding or investigation at lauT or in <br />equity before or by any court, public board, or body pending or threatened against <br />or affecting the Company challenging the validity or enforceability of this <br />Contract, the Trust Agreement or any documents relating hereto and the <br />performance of the Company's obligations hereunder and thereunder. <br />93 361v2 19 <br />