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• Board of County Commissioners of Indian River County, Florida, et al. 1987 Page 4 execution by the Issuer of the Official Statement, (iv) the execution and delivery of the Bonds, the Indenture, the Loan Agreement, this Bond Purchase Agreement and each other agreement or instrument to which the Issuer is a party, contemplated for use in the offering of the Bonds as contemplated hereby and by the Official Statement and (v) the taking of any and all such action as may be required by the Issuer to carry out, give effect to and consummate the transactions to which the Issuer is a party contemplated hereby and by the Official Statement. (e) When delivered to and paid for by the Underwriter in accordance with the terms of this Bond Purchase Agreement, the Bonds will be duly authorized, executed, authenticated, issued and delivered and constitute valid and binding limited obligations of the Issuer in conformity with, and entitled to the benefit and security of, the Indenture. (f) The Issuer will cooperate with the Underwriter and its counsel in taking all necessary action to qualify the bonds for offer and sale under the securities or 'blue sky" laws of such jurisdictions as the Underwriter may reasonably request; provided, however, that the Issuer will not be required to execute a special or general consent to service of process or qualify as a foreign corporation in connection with any such qualification. (g) There is no action, suit, proceeding, inquiry or investigation, at law or in equity, before or by any court, public board or body, pending or, to the knowledge of the Issuer, threatened, against or affecting the Issuer, wherein an unfavorable decision, ruling or finding would materially adversely affect the transactions contemplated hereby and by the Official Statement, or which, in any way, would adversely affect the validity or enforceability of this Bond Purchase Agreement, the Bonds, the Loan Agreement, the Indenture or any other agreement or instrument to which the Issuer is a party, used or contemplated for use in connection with the transactions contemplated hereby and by the Official Statement. (h) Any certificate signed by any official of the Issuer and delivered to the Underwriter shall be deemed to be a representation by the Issuer to the Underwriter as to the statements made therein. (i) The Issuer has not been notified of any listing or proposed listing of the Issuer by the Internal Revenue Service as an issuer whose arbitrage certifications may not be relied upon. 4330x:10/23/87 3002-353