Orange County NC Website
supplied by the County for inclusion in any amendments or supplements to the <br />Preliminary Official Statement or Final Official Statement will not contain any untrue or <br />misleading statement of a material fact relating to the County or omit to state any <br />material fact relating to the County necessary to make the statements therein, in the light <br />of the circumstances under which they were made, not misleading; and on the request of <br />the Underwriters therefor, the County shall prepare and deliver to the Underwriters at the <br />County's expense as many copies of an amendment or supplement which will correct any <br />untrue statement or omission as the Underwriters may reasonably request; <br />(n) in the Financing Contract the County will covenant to comply with the <br />information reporting requirements adopted by the Securities and Exchange Commission <br />or the Municipal Securities Rulemaking Board «-~ith respect to tax-exempt obligations <br />such as the 200&A Certificates; <br />(o) the County has not been notified of any listing or the proposed listing by <br />the Internal Revenue Services as an issuer whose arbitrage certifications may not be <br />relied upon; and <br />(p) any certificate signed by any official of the County and delivered to the <br />Underwriters «i11 be deemed to be a representation by the County to the Underwriters as <br />to the statements made therein. <br />3. Inclerni~ificatio~~. <br />(a) To the fullest extent permitted by applicable law, the County agrees to <br />indemnify and hold harmless the Undeiā€¢~uriters against any and all losses, damages, <br />expenses {including reasonable legal and other fees and expenses), liabilities or claims <br />(or actions in respect thereof), to which the Unde7-~writers or the other persons described <br />in subsection (b) of this Section may become subject under any federal or state securities <br />laws or other statutory law or at common la«~~ or otherwise, caused by or arising out of or <br />based upon any untrue statement or misleading statement or alleged untrue statement or <br />alleged misleading statement of a material fact contained in the Official Statement. <br />(except for the information contained under the captions "THE 2006A CERTIFICATES - <br />Book-Entry-Only System," "THE COMPANY" and "MISCELLANEOUS - <br />Undern~riting" and in Appendices C and D thereto) or caused by any omission or alleged <br />omission from the Official Statement of any material fact required to be stated therein or <br />necessary in order to make the statements made therein, in the light of the circumstances <br />under which they were made, not misleading. <br />(b) The indemnity provided under this Section will extend to the extent <br />permitted by applicable law upon the same terms and conditions to each officer, director, <br />employee or agent of the Underwriters, and each person, if any, who controls the <br />Underwriters within the meaning of Section 15 of the Securities Act of 1933 or <br />Section 20 of the Securities Exchange Act of 1934. Such indemnity «~ill also extend, <br />«~ithout limitation, to any and all expenses whatsoever reasonably incurred by any <br />indemnified party in coiulection with investigation, preparing for or defending against, or <br />providing evidence, producing documents or taking any other reasonable action in respect <br />C-883838v3 13361.00022 ~- <br />