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terms, only applies prospectively to the authorization to issue Escambia Bonds for which no Allocation <br />Amount has been obtained or used by the Escambia Authority and for which no purchase contract has <br />been entered into. It is further agreed that in the event of termination the parties to this Agreement will <br />provide continuing cooperation to each other in fulfilling the obligations associated with the issuance of <br />Bonds pursuant to this Agreement. <br />Section 5. Indemnity. <br />To the full extent permitted by law, the Escambia Authority agrees to hold the Participating <br />County harmless from any and all liability for repayment of principal of and interest or penalty on the <br />Escambia Bonds issued pursuant to this Agreement, and the members, officials, employees and agents of <br />the Participating County harmless from any and all liability in connection with the approval rendered <br />pursuant to Sections 159.603 and 159.604, Florida Statutes. The Escambia Authority agrees that any <br />offering, circular or official statement approved by and used in marketing the Escambia Bonds will <br />include a statement to the effect that Bond owners may not look to the Participating County or its <br />respective members, officials, employeesand agents for payment of the Escambia Bonds and interest or <br />premium thereon. <br />MCL -10/04/04 <br />Rev: 11/03/04 -6602 -Indian River BCC Reso <br />