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40 Board of County Commissioners of Indian River County, Florida, et al. , 1987 Page 15 time subsequent to the date of this Bond Purchase Agreement and at or prior to the Closing: (i) the market for the Bonds or the market generally for obligations of the general character of the Bonds or the ability of the Underwriter to sell the Bonds at the contemplated offering prices shall, in the reasonable opinion of 'the Underwriter, have been materially adversely affected by (A) an amendment to or proposal to amend the Constitution of the State of Florida or any Federal or Florida legislation or proposed legislation or any decision of any Federal or state court or any ruling or regulation (final, temporary or proposed) or official statement on behalf o£' the Treasury Department of the United States, the Internal Revenue Service or other Federal authority or authority of the State of Florida, or any other action or event affecting, directly or indirectly, the Federal or Florida tax status of the Issuer or bonds of the Issuer (including the Bonds) or the interest thereon, or the Federal or Florida tax consequences of any of the transactions contemplated hereby and by the Official Statement; or (B) an engagement in hostilities by the United States of America or other national or international emergency or calamity; or (C) a general suspension of or material limitation on trading on the New York Stock Exchange or other national securities exchange, the establishment of minimum or maximum prices on such exchange or the declaration of a general banking moratorium by the authorities of the United States of America, the State of Florida or the State of New York; or (D) the establishment of any new restrictions on transactions in securities materially affecting the free market for securities or the extension of credit by, or the charge to the net capital requirements of, underwriters established by the New York Stock Exchange or other national securities exchange, the Securities and Exchange Commission, any other Federal or state agency or the Congress of the United States of America, or by Executive Order of the President of the United States of America; or (E) the withholding of registration, exemption, or clearance of the offering of the Bonds by the "blue sky" or securities commission or commissioner of any state; or (F) a supplement tc or amendment of the Official Statement; or (ii) any Federal or state court decision or ruling or regulation (final, temporary or proposed) of the Securities and Exchange Commission or other governmental agency shall have been made or issued to the effect that (i) the Bonds or any securities of a type similar to the bonds of the Issuer or any similar body or any instrument pertaining thereto are subject to the registration requirements of the Securities Act of 1933, as amended, or (ii) the qualification of the Indenture or any other agreement in respect of the Bonds is required under the Trust Indenture Act of 1939, as amended; or 4330x:10/23/87 3002-353