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40 Board of County Commissioners of Indian River County, Florida, et al. , 1987 Page 10 other jurisdictions and will use its best efforts to continue such qualifications in effect so long as required for the distribution of the Bonds. (k) NHC has authorized the use of the Official Statement, including all amendments and supplements thereto, by the Underwriters in connection with the public offering and sale of the Bonds and consented to the use by the Underwriter, prior .to the date hereof of the Preliminary Official Statement in connection with the public offering and sale of the Bonds. 6. Closin . At 10:00 a.m., local time in Baltimore, Maryland, on, the Borrower at and such other NHC mutuallymeshall agree on which the Underwriter, (herein called the "Closing"), the Issuer will deliver or cause to be delivered to the Underwriter, at the offices of the Underwriter, in New York, New York, or at such other place upon which the Underwriter, the Borrower and NHC mutually agree, the Bonds in definitive form (all the Bonds to be printed on steel engraved borders and imprinted with CUSIP numbers), duly executed and authenticated. At the time of such delivery, the Bonds shall be registered in such names and in such denominations as the Underwriter shall have requested in writing not less than two (2) business days before the Closing. Bonds for which no instructions are received by such date will be registered in the name of Alex. Brown & Sons Incorporated and will be in the denomination of $50,000 or any special denomination authorized by the Indenture. At the time of the Closing, there will be delivered to the Underwriter at the offices of Piper & Marbury, in Baltimore, Maryland, or at such other place upon which the Underwriter, the Borrower and NHC mutually agree, the other documents hereinafter mentioned. At the Closing, the Underwriter will accept delivery of the Bonds and pay the purchase price thereof to the Trustee by check payable in federal or other immediate funds, or by wire transfer of such funds to the order of the Trustee. Simultaneously therewith, the Borrower or NHC shall pay to the Underwriter the underwriting fee referred to in Section 1 hereof by check payable in federal or other immediate funds, or by wire transfer of such funds to the order of the Underwriter. The Bonds will be made available to the Underwriter for checking and packaging at least one (1) business day prior to the Closing. 7. Conditions to Obligations of the Underwriter_. The Underwriter has entered into this Bond Purchase Agreement in reliance upon the representations and agreements of the -Issuer, the Borrower and NHC herein. The obligation of the Underwriter to purchase the Bonds is subject to (i) the performance by the Issuer, the Borrower and NHC of their respective obligations to 4330x:10/23/87 3002-353