Laserfiche WebLink
9. The Underwriter has the right to cancel its obligations <br />to purchase the Bonds, by written notice to the Issuer, if between <br />the date hereof and the Closing: (i) any event shall occur which <br />makes untrue any statement of a material fact set forth in the <br />Official Statement or results in an omission to state a material <br />fact necessary to make any statement therein, in light of the <br />circumstances under which such statement is made, not misleading; <br />(ii) there shall be commenced or threatened any proceeding by the <br />Securities and Exchange Commission relating to the Bonds; or <br />(iii) the market for the Bonds or the market price of the Bonds <br />or the ability of the Underwriter to enforce contracts for the <br />sale of the Bonds shall have been materially and adversely <br />affected, in the professional judgment of the Underwriter, by (a) <br />legislation introduced in or passed by the United States House of <br />Representatives or United States Senate of the Congress of the <br />United States or adopted by either House thereof, or an amendment <br />to legislation pending in the Congress of the United States, or <br />the recommending, or otherwise endorsing (by press release, other <br />form of notice or otherwise) for passage of legislation to the <br />Congress of the United States, by the President of the United <br />States, the Treasury Department of the United States, the Internal <br />Revenue Service or the Chairman of the U.S. Senate Committee on <br />Finance or the U.S. House of Representatives Committee on Ways <br />and Means or the proposal for consideration of legislation by <br />either such committee by any member thereof or the fact that <br />legislation shall have been favorably reported for passage to <br />either or both Houses of the Congress of the United States by a <br />Committee of such House or a joint congressional committee of <br />both houses to which such legislation has been referred for <br />consideration, or the rendering of a decision by a court of the <br />United States or the making of a ruling, regulation or official <br />statement by or on behalf of the Treasury Department of the <br />United States, the Internal Revenue Service or other governmental <br />agency, with respect to Federal taxation of revenues of the <br />Issuer or upon interest received on securities of the general <br />character of the Bonds or which would have the effect of changing, <br />directly or indirectly, the Federal income tax consequences of <br />receipt of interest on securities of the general character of the <br />Bonds in the hands of the owners thereof, which in the opinion of <br />the Underwriter would materially adversely affect the market <br />price of the Bonds, or (b) any new outbreak of hostilities or <br />other national or international calamity or crisis, the effect of <br />such outbreak, calamity or crisis on the financial markets of the <br />United States of America being such as, in the professional <br />judgment of the Underwriter, would affect materially and adversely <br />the ability of the Underwriter to market the Bonds, or (c) a <br />general suspension of trading on the New York Stock Exchange, or <br />filing of minimum or maximum prices for trading or maximum ranges <br />for prices for securities on the New York Stock Exchange, or (d) <br />a general banking moratorium declared by either federal, New York <br />or Florida, or any state authorities having jurisdiction. <br />11 <br />