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• f <br /> 1 <br /> 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 8 <br /> Rev: I(/03/04-6602-Indian River BCC Reso <br />