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(g) Except as may be slated in the Official Statement, there is no action, suit, <br />proceeding, inquiry or investigation at law or in equity or before or by any court, public board or <br />body pending or, to the knowledge of the County, threatened against or directly affecting the County <br />(or, to the knowledge of the County, any meritorious basis therefor) contesting the due organization <br />and valid existence of the County or wherein an unfavorable decision, ruling or finding would <br />adversely affect (i) the transactions contemplated hereby or by the Official Statement or the validity <br />or due adoption of the Resolution or the validity, due authorization and execution of the Bonds, the <br />Escrow Deposit Agreement, this Contract of Purchase or any document, instrument or agreement <br />to which the County is a party and which is used or contemplated for use in the consummation of <br />the transactions contemplated hereby or by the Official Statement, or (ii) the exclusion of interest <br />on the Bonds from federal income laxation, or (iii) the ability of the County to receive the Pledged <br />Funds (as defined in the Resolution to pay debt service on the bonds; <br />(h) Except as provided in the Official Statement, to the best knowledge of the <br />County, the County is not in material breach of or material default under any applicable <br />constitutional provision, law, or administrative regulation of the State of Florida or the United States <br />or any applicable judgment or decree, or any loan agreement, indenture, bond, note, or resolution, <br />agreement, or other instrument to which the County is a party or to which the County or any of its <br />property or assets is otherwise subject, and no event has occurred and is continuing which with the <br />passage of time or the giving of notice, or both, would constitute a material default or event of <br />default under any such agreement or other instrument; the execution and delivery of the Bonds, this <br />Contract of Purchase, the Escrow Deposit Agreement, and the adoption of the Resolution and <br />compliance with the provisions on the County's part contained therein, will not conflict with or <br />constitute a material breach of or material default under any constitutional provisions, law, <br />administrative regulation, judgment, decree, loan agreement, indenture, bond, note, resolution, <br />agreement, or other instrument to which the County is a party or to which the County or any of its <br />property or assets is otherwise subject, nor will any such execution, delivery, adoption, or compliance <br />result in the creation or imposition of any lien, charge, or other security interest or encumbrance <br />of any nature whatsoever upon any of the property or assets of the County, except as provided by <br />the Bonds and the Resolution; <br />(i) Except as provided in the Official Statement, all authorizations, approvals, <br />licenses, permits, consents and orders of any governmental authority, legislative body, board, agency <br />or commission having jurisdiction of the matter have been duly obtained which are required for the <br />due authorization by or which would constitute a condition precedent to or the absence of which <br />would materially adversely affect the due performance by the County of its obligations in connection <br />with the issuance of the Bonds or its obligations under this Contract of Purchase, the Resolution and <br />the Escrow Deposit Agreement, except for such approvals, consents and orders as may be required <br />under the Blue Sky or securities laws of any state in connection with the offering and sale of the <br />Bonds; <br />(j) There is, to the best of the County's knowledge, no legislation, enacted or <br />pending, the effect of which would be to remove or limit the exemption of the Bonds and the <br />interest thereon from taxation imposed by the State of Florida, except as may otherwise be disclosed <br />in the Official Statement or the legality of investment in the Bonds for certain investors as provided <br />in the laws of the State of Florida; <br />(k) At the time of the County's acceptance hereof and at all times subsequent <br />thereto up to and including the date of the Closing, the Official Statement does not and will not <br />contain any untrue statement of a material fact or omit to state a material fact necessary to make <br />the statements therein, in fight of the circumstances under which they were made, not misleading, <br />-4- <br />