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1987-139
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1987-139
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Last modified
9/2/2022 9:33:01 AM
Creation date
9/1/2022 9:39:10 AM
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Resolutions
Resolution Number
1987-139
Approved Date
11/24/1987
Resolution Type
INDUSTRIAL DEVELOPMENT REVENUE REFUNDING BONDS
Subject
financing the acquisition of a Health Care Facility by Fl. Convalescent Centers, Inc.,
consisting of an 91-bed Nursing Home providing for issuance by ORC
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• <br />PROVIDED, HOWEVER, that if the Issuer shall pay, or cause to be paid, <br />the principal or Redemption Price of and interest on, and the purchase price of, <br />the Bonds, according to the true intent and meaning thereof, or shall provide for <br />the payment thereof as permitted by Article IX hereof, and shall perform and <br />observe all the covenants and conditions of this Indenture to be kept, performed <br />and observed by it, and shall pay or cause to be paid to the Trustee all sums of <br />money due or to become due to it in accordance with the terms and provisions <br />hereof, then upon compliance with Article IX hereof the lien of this Indenture <br />shall be discharged and satisfied; otherwise this Indenture to be and remain in <br />full force and effect. <br />All Bonds issued and secured hereunder are to be issued, authenticated <br />and delivered and all such property, rights and interest, including (without <br />limitation) the amounts hereby assigned and pledged, are to be dealt with and <br />disposed of under, upon and subject to the terms and conditions hereinafter <br />expressed, and the Issuer does hereby agree and covenant with the Trustee and <br />with the respective owners of the Bonds as follows (subject, however, to the <br />provisions of Section 5.01 hereof): <br />- 3 - <br />
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