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obligations ofthe Underwriter under this Bond Purchase Contract are and shall be subject to the following conditions: (a) The representations, warranties and agreements of the County contained herein shall be true and correct and complied with as of the date hereof and as of the date of the Closing, as if made on the date of the Closing. (b) At the time ofthe Closing, the Resolution shall be in full force and effect in accordance with its terms and shall not have been amended, modified or supplemented except as amended, modified or supplemented by a resolution incorporating the terms and conditions contained in the municipal bond insurance commitment of the Insurer (as defined herein), and the Official Statement shall not have been supplemented or amended, except in any such case as may have been agreed to by the Underwriter. (c) At the time of Closing, a resolution of the County shall have incorporated the terms and conditions contained in the financial guaranty policy commitment of the Insurer into the Resolution. (d) At the time of the Closing, all official action of the County relating to this Bond Purchase Contract, the Continuing Disclosure Certificate, the referendum and the Series 2003 Bonds shall be in full force and effect in accordance with their respective terms and shall not have been amended, modified or supplemented in any material respect, except in each case as may have been agreed to by the Underwriter. (e) The Underwriter shall have the right to cancel the agreement contained herein to purchase, to accept delivery of and to pay for the Series 2003 Bonds by notifying you in writing of their intention to do so if (i) between the date hereofand the Closing, legislation shall have been enacted by the Congress of the United States, or recommended to the Congress for passage by the President of the United States, or favorably reported for passage to either House of Congress by any Committee of such House, or passed by either House of Congress, or a decision shall have been rendered by a court ofthe United States or the United States Tax Court, or a Wiling shall have been made or a regulation shall have been proposed or made by the TreasuryDepartment ofthe United States or the Internal Revenue Service, withrespect to the federal taxation of interest received on obligations ofthe general character ofthe Series 2003 Bonds, which, in the opinion of counsel for the Underwriter has, or will have, the effect of making such interest subject to inclusion in gross income for purposes of federal income taxation, except to the extent such interest shall be includable in gross income on the date hereof, or (ii) between the date hereofand the Closing, legislation shall be enacted or any action shallbe taken by the Securities and Exchange Commission which, in the opinion of counsel for the Underwriter, has the effect ofrequiring the contemplated issuance or distribution of the Series 2003 Bonds to be registered under the Securities Act of 1933, as amended, or of requiring the Resolution to be qualified under the Trust Indenture Act of 1939, as amended, or