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Issuer, whereupon this "emoraneur, of Agreement shall
<br />terminate.
<br />(j) So long as this Mcmoranduan of Agreement is in effect,
<br />all risk of loss to the Project will be borne }_y t::e
<br />Company.
<br />(k) It is expressly agreed that any pecuniary liability
<br />or obligation of- the Issuer hereunder shall be
<br />limited solely to the payments received under the
<br />financing agreement, and nothing, contained in this
<br />Memorandum of P.greement shall ever be construed to
<br />constitute a personal or pecuniary liability or
<br />charge against any member, officer, employee or agent
<br />of the Issuer, and in the event of breach of any
<br />undertaking on the part of the Issuor contained in
<br />this Memorandum of Aciree:nent, no personal or Pecuniary
<br />liability or charge payable directly or indirectly fror.;
<br />the general funds of the Issuer shall arise therefro:.
<br />The Company hereby releases the issuer fzom and agrees
<br />that the Issuer shall not be liable for, and agrees to
<br />defend, indemnify and hold the Issuer harmless against
<br />any liabilities, obligations, claims, damages, 1iti-
<br />gatil3n, costs and expenses (including but not limited
<br />to a,�torney's fees and expenses) imposed or., incurred
<br />by o;, asserted against the Issuer for any cause what-
<br />soever pertaining to the Pro ect, the Fonds or. this
<br />Nien:o;,andum of Agreement, or any transaction contem-
<br />plated hereby. The provisions of this paragraph shall
<br />survive any ter::ination of this Agreement.
<br />(1) If —1, time prior ;.o ,:::e is .uance a;:r sale of the
<br />Bonds the Issuer �:;i:uil UeLer.-Ane ti:a there has bet:,^
<br />C.?a:.:jC: J.nn ousiness, operationii
<br />or financial condit_.on of the Comoanv, the Issuer may,
<br />at .0 option, ter:::ir.ate c:.is agreen-::nt by written
<br />notice to the CG..:_ :;.y. Tne Issuer shall :je cisc::arecd
<br />or�G.." :o - cl s :'emorandur, of. Anrooment
<br />if the Company .,....ii not ?rovide at the closinc for the
<br />issuan,, c o c::. :ds urc.nces satisfactory to t::e
<br />Issuer that :_O ... mer" 1 adverse chan(le as occurr&', ....
<br />the o ::c Company herein or in the
<br />fini-.racial. concditio:-. �-Z ,.o Company as presented to the
<br />Isst:r_r as o
<br />(m) i1 F-1; ally ;i l:i:i. - -raids have been so1G ai-,d .ie-
<br />liVel-ed it i:; : scc- c.ai ,c!c. fjy the Issuer or its designee
<br />thct 11—hentc i' Loi.cs is
<br />1 'LuS� ivi' : no iOnSeY e:ta'cpt
<br />under federal l::CG:.c to:-; 'laws, or that the operation Or
<br />the Projcct is nG loiiger F:conon;icaily or i_egally
<br />ible by reason of. the cor.,:er:nation, dFu;lae i.ng Cr (:e-
<br />stru,:tion of all Or ..:.y �.�:: .
<br />Gi ti:e i�1:U"Ic,ct (ir i;y
<br />changes in the law, ,•east:,:es deemed necessary by
<br />Issuer may be taiccn to protect the interest of the
<br />holders of its Bonds, including the acceleraticr; of
<br />the date or dates for calling the Bonds for reds. -
<br />tion, increasing the reder:,ption premium anr, the
<br />of interest on the Blonds, or increasing the pay;;,..., .,
<br />under any such financing agreement. The Issuer X..av
<br />also require financial guarantees by guarantors ac-
<br />ceptable to the Issuer that obligations of any obliclor
<br />under such financing agreeziont shall be performed or
<br />otherwise satisfied. The provisions of this parar,raph
<br />shall survive the termination of this Agreemel;t.
<br />(n) In any event, the provisions of this Memorand'unm of
<br />P.greement, except as otherwise provided, E -hall he
<br />superseded by any financing agreement entered into
<br />by the Issuer and tho Conlpary in accordance. witil
<br />Sections 2(b) zn,: (c) of this Ag1'ee;:!e1:t a:;n s';.:1.'
<br />iu
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