1991-080 - Laserfiche WebLink

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If the Issuer shall be unable to satisfy the conditions to the Underwriter's obligations contained in this Bond Purchase Agreement or if the Underwriter's obligations shall be terminated for any reason permitted by this Bond Purchase Agreement, the Bond Purchase Agreement shall, at the option of the Underwriter, terminate and neither the Issuer nor the Underwriter shall have any further obligation hereunder. If the Underwriter fails (other than for a reason permitted under this Bond Purchase Agreement) to accept and pay for the Bonds at the Closing, the Underwriter shall pay to the Issuer as and for full liquidated damages an amount equal to one percent (1%) of the proposed face amount of the Bonds for such failure and for any and all defaults hereunder on the part of the Underwriter, and upon such payment all the Issuer's claims and rights hereunder against the Underwriter shall be fully released and discharged. 10. Except as set forth in the following paragraph, the Issuer will pay any and all expenses incident to the issuance of the Bonds, including but not limited to (i) the cost of preparation and reproduction of the Instruments, (ii) the cost of the preparation and the printing of the Bonds, including the printing of the CUSIP numbers thereon, (iii) the fees and disbursements of Bond Counsel and Counsel to the Issuer, (iv) the fees and disbursements of Fishkind & Associates (v) the fees and disbursements of any feasibility consultant engaged by the Issuer, (vi) the fees and disbursements of accountants and auditors used by the Issuer, (vii) the cost of printing and preparing for printing, and distributing the Preliminary Official Statement and the Official Statement, including word processing charges with respect thereto other than to Counsel to the Underwriter, (viii) the fees and disbursements of the Insurer, (ix) the fees and disbursements of Standard & Poor's Corporation and Moody's Investor Service for issuing a rating on the Bonds, and (x) all other expenses related to the issuance and delivery of the Bonds not covered by the provisions of paragraph 11 immediately below. 11. The Underwriter will pay: (i) expenses of advertising in connection with the public offering of the Bonds, (ii) the CUSIP Service Bureau charge for the assignment of CUSIP numbers with respect to the Bonds, (iii) the costs of printing the Blue Sky and Legal Investment Surveys, if any, with respect to the Bonds, and (iv) all other expenses incurred by the Underwriter in connection with its public offering and distribution of the Bonds, including fees and disbursements of Counsel to the Underwriter. 12. Any notice or other communication to be given to the Issuer under this Bond Purchase Agreement (other than the acceptance hereof as specified in the first paragraph hereof) may be given by delivering the same in writing to the Issuer at the address 12