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EP 3 01981 BOOK 4� PAu 4 (b) It will cooperate with the Issuer in making arrange- ments for the sale of the Bonds and shall be re- sponsible for compliance with all applicable securi- ties laws in connection with the offering and sale thereof. (c) Contemporaneously with the delivery of the Bonds the Company will enter into the financing agreement and such other agreements and related documents as shall be necessary or appropriate so that the Company will be obligated to operate, maintain and repair the Project at its own expense, to pay for the account of the Issuer sums sufficient in the aggregate to pay all of the principal of and interest and redemption m premius, if any, on the Bonds when and as the same shall become due and payable, and to pay all other costs incurred by the Issuer in connection with the financing, construction and administration of the 'Project, except as may be paid out of the Bond proceeds or otherwise. (d) It will take such further action and adopt such pro- ceedings as may be required to implement its under- takings hereunder. 4. General Provisions. (a) Since it is anticipated that the acquisition, con- struction and equipping of the Project will commence prior to the sale of the Bonds and the Company knows and acknowledges that the Issuer will have no funds available to pay the cost of the Project other than funds derived from the sale of the Bonds, the Company agrees to advance from time to time all funds necessary for the acquisition, construction and equipping of the Project, and any such funds when so advanced shall be deemed funds advanced on behalf of the Issuer. To the extent that the net proceeds derived from the sale of the Bonds are sufficient for such purpose, the Issuer agrees to reimburse the Company from such net proceeds after the issuance of the Bonds for costs of the Pro- ject incurred by the Company prior to the issuance of the Bonds (subject to any limitations imposed by Sec- tion 103(b)(6) of the Internal Revenue Code of 1954, as amended) . (b) The Issuer agrees that the Company may enter into one or more agreements with a private lender or lenders to provide temporary construction financing and obtain commitments for permanent financing for the Project without vitiating in any manner the terms of this Agreement. (c) The Issuer and the Company agree that the Company shall act as independent contractor of the Issuer for the acquisition, equipping and completion of the Project, and that the Company shall provide all services in- cident to the acquisition, construction and equipping of the Project, including without limitation, the preparation of plans, specifications and contract documents, the award of contracts, the inspection and supervision of- work performed, the employment of engi- neers, architects, builders and other contractors And the provision of money to pay the cost thereof pending reimbursevert by the Issuer from the Bond priacee bs, and that the Issuer shall have no responsi- bility for the provision of any such services hum shall retain the right to audit and inspect all docu- ments upon request. 3