Orange County NC Website
affecting the validity of the County Documents, (iv) contesting in any way the <br />completeness or accuracy of the Preliminary Official Statement or the Final Official <br />Statement (nor, to the best knowledge of the County, is there any basis therefor), <br />(v) challenging the right of the County to acquire, construct, install or equip the Facilities <br />or (vi) challenging the transactions contemplated by the Financing Contract, the Deed of <br />Trust, the Lease or the Agency Agreement or the Purchase Contract; <br />(i) the County is not in default on the payment of the principal of or interest <br />on any indebtedness for borrowed money or under any instrument relating to such <br />indebtedness and no event has occurred and is continuing which, with the lapse of time or <br />the giving of notice or both, might constitute an event of default under any such <br />instrument, and no event has occurred which with the passage of time or the giving of <br />notice, or both, would constitute an event of default as defined in the Financing Contract; <br />(j) the County will furnish such information and will cooperate with the <br />Underwriters in taking such actions as the Under-writers may reasonably request to <br />qualify the 2006A Certificates for offer and sale under the Blue Sky or other securities <br />laws and regulations of any state and other jurisdictions of the United States which the <br />Underwriters may designate; provided, however, that the County will not be required to <br />execute a special or general consent to service of process or qualify as a foreign <br />corporation in connection with such qualification; <br />(k) the County will take all action and provide all information required to be <br />taken or provided by the Company under the Purchase Contract in connection lwith the <br />preparation and distribution of the Official Statement, and the terms and conditions of the <br />Purchase Contract relating to such preparation and distribution, including without <br />limitation the provisions of Section 2 thereof, are incorporated by reference in this Letter <br />of Representation, mutatis mutandis; <br />(1) on the Closing Date, the County Documents will have been duly <br />authorized, executed and delivered and will constitute valid and binding obligations of <br />the County enforceable in accordance with their terms (except insofar as the enforcement <br />thereof may be limited by bankruptcy, insolvency or similar laws relating to the <br />enforcement of creditors' rights); <br />(m) if, at any time prior to the earlier of (i) receipt of notice frotn the <br />Underwriters pursuant to Section 2(b) of the Purchase Contract that Official Statements <br />are no longer required to be delivered under the Rule (as defined in the Purchase <br />Contract) or (ii) 90 days after the Closing, any event occurs as a result of which the <br />Preliminary Official Statement or the Final Official Statement as then amended or <br />supplemented might include an untrue statement of a material fact, or omit to state any <br />material fact necessary to make the statements therein, in light of the circumstances under <br />which they were made, not misleading, the County shall promptly notify the <br />Underwriters thereof in writing; provided, however, that the County shall have such <br />obligations with respect to information in the Preliminary Official Statement and Final <br />Official Statement concerning and supplied by the Company or the Underwriters only to <br />the extent the County has actual knowledge or notice of any such event; any information <br />C-883838v3 13361.00022 A- <br />