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2 <br />Florida Health Facilities Corp. <br />(of Indian River County) <br />March 16, 1983 <br />Page 4 <br />enforcement of any of your agreements herein contained. This <br />indemnity shall be superseded by a similar indemnity in the <br />Agreement and, in the event the bonds are not delivered, this <br />indemnity shall survive the termination of the agreement resulting <br />from your acceptance of this proposal. <br />7. If it becomes evident at any time, in the opinion of <br />bond counsel to the Issuer, that the interest on the bonds will <br />not be exempt from federal income taxation on the proposed date of <br />delivery of the bonds, and/or that you are or will be incapable of <br />or unwilling to perform your obligations under the Agreement and <br />Note, when executed and delivered, this proposal, if accepted by <br />you, may be terminated at the option of the Issuer, and neither <br />party shall have any rights against the other and no third party <br />shall have any rights against either party except as provided in <br />paragraphs 5(a), (b) and (c) of this proposal. <br />8. The Issuer has not undertaken any definitive review <br />of your financial statements, nor has it received from you a <br />commitment from a lending institution in regarc to the financing <br />for the Project. The Issuer expressly reserves the right to <br />review such statements and/or commitment and to' -decline to issue <br />the bonds unless the Issuer finds that you are financially respon- <br />sible and fully capable and willing to fulfill your obligations <br />under the proposed Agreement and Note. <br />If this proposal shall be satisfactory- to you, please <br />execute and date the acceptance statement below, -and provide an <br />accepted copy to the Issuer, whereupon this proposal will consti- <br />tute an agreement in principle with respect to the matters herein <br />contained. <br />Yours very truly, <br />INDIAN RIVER COUNTY, FLORIDA <br />By <br />RICHARD N. BIRD, Chairman <br />Board of County Commissioners <br />Attested and counters jgned; <br />` I,o <br />s Clerk, Board of Co my Commissioners! <br />Florida Health Facilities Corp. <br />(of Indian River County) <br />March 16, 1983 <br />Page 5 <br />Accepted by Florida Health Facilites Corp. (of Indian River <br />County) on March 1983. <br />Pr11im esident <br />