1989-042 - Laserfiche WebLink

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Agreement shall be true, complete and correct on this date and on the Closing Date, as if then made; (b) The Underwriter shall have the right, pursuant to written notice given to the Issuer, to cancel its obligations to purchase the Bonds, if between the date hereof and the Closing any of the following occurs: (i) legislation shall have been introduced or enacted by the Congress of the United States or by the State or adopted by either House of the Congress or favorably reported for passage to either House of the Congress or any Committee of such House to which such legislation has been referred for consideration or recommended to Congress or otherwise endorsed for passage or proposed for consideration by press release, other form of notice or otherwise by the President of the United States, the United States Treasury Department, the Internal Revenue Service, the Joint Committee on Taxation of the United States Congress or the Chairman or Ranking Member of either the Committee on Finance of the United States Senate or the committee on Ways and Means of the United States House of Representatives, or by any member or by the staff of any of the foregoing Committees, or legislation pending in the United States Congress shall be amended, or a decision shall have been rendered by a court of the United States or the State, including the United States Tax Court, or a ruling shall have been made or a regulation shall have been proposed or promulgated or a press release or other form of notice shall be issued by the United States Treasury Department or the Internal Revenue Service or other federal or state authority, with respect to federal or State taxation upon revenues or other income of the general character to be derived by the Issuer, or by any similar body, or upon interest on obligations of the general character of the Bonds, that may have the purpose or effect, directly or indirectly, of changing the federal income tax consequences of any of the transactions contemplated in connection herewith or that, in the reasonable opinion of the Underwriter, affects materially and adversely the market price for the Bonds, or the market price generally of obligations of the general character of the Bonds; or (ii) a stop order, ruling or regulations by the Securities and Exchange Commission or any other governmental agency having jurisdiction of the subject matter shall be issued or made to the effect that the issuance, offering or sale of obligations of the general character of the Bonds, or the issuance, offering or sale of the Bonds, including all the underlying obligations, as contemplated hereby or by the Official Statement, is in violation or would be in violation of any provision of the federal securities law, the Securities Act of 1933, as amended and as then in effect (the "Securities Act"), the registration provisions of the Securities Exchange Act of 1934, as amended and as then in effect (the "Securities Exchange Act") or the qualifications provisions of the Trust Indenture Act of 1939, as amended