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1991-080
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1991-080
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Last modified
5/10/2017 12:31:30 PM
Creation date
5/10/2017 12:19:44 PM
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Resolutions
Resolution Number
1991-080
Approved Date
07/23/1991
Resolution Type
Bonds
Entity Name
Bond Purchase Agreement Authorization
Subject
Recreational Revenue Bonds Series 1991
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Notwithstanding the foregoing, the Underwriter may at its <br />option agree to accept delivery of the Bonds in typewritten <br />temporary form rather than in definitive form in the event that <br />the Bonds in definitive form are not available on the Closing <br />Date. The Issuer agrees to use its best efforts to have the <br />Bonds available in definitive form on the Closing Date or, if not <br />available in definitive form on the Closing Date, to have Bonds in <br />definitive form available for exchange as soon as possible <br />thereafter. <br />8. The Underwriter has entered into this Bond Purchase <br />Agreement in reliance upon the representations and warranties of <br />the Issuer contained herein, and the performance by the Issuer of <br />its obligations hereunder, both on the date hereof and on the <br />Closing Date. Accordingly, the Underwriter's obligations under <br />this Bond Purchase Agreement are subject to satisfaction of the <br />following further conditions on or prior to the Closing: <br />(A) The representations and warranties of the Issuer <br />contained herein will be true, complete and correct on the <br />date hereof and on the Closing Date, as if made on the <br />Closing Date, and the statements made in all certificates <br />and other documents delivered to the Underwriter on the <br />Closing Date will be true, complete and correct on the <br />Closing Date (subject, however, to the provisions of Section <br />6(A) hereof); <br />(B) At Closing, the Issuer shall have duly executed <br />and delivered the Registrar Agreement to the Registrar. <br />(C) At the time of Closing, the Resolution shall be in <br />full force and effect in accordance with its terms and shall <br />not have been amended, modified or supplemented, and the <br />Official Statement shall not have been supplemented or <br />amended, except as may have been agreed to in writing by the <br />Underwriter. <br />(D) At the time of Closing, (i) the Instruments will <br />be in full force and effect and will not have been amended, <br />modified or supplemented except as may have been agreed to <br />in writing by the Underwriter; (ii) the proceeds of the sale <br />of the Bonds will be applied as described in the Official <br />Statement; (iii) all official actions which, in the opinion <br />of Bond Counsel and Counsel to the Underwriter, are necessary <br />in connection with the transactions contemplated hereby, <br />will have been duly taken and be in full force and effect; <br />and (iv) the Issuer will have performed all of its obligations <br />required under the Instruments to be performed on or prior <br />to the Closing Date. <br />(E) No decision, ruling or finding will have been <br />entered by any court or governmental authority since the <br />8 <br />
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