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1983-102
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1983-102
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Last modified
3/28/2023 3:08:25 PM
Creation date
3/28/2023 3:04:57 PM
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Resolutions
Resolution Number
1983-102
Approved Date
10/19/1983
Subject
Providing for the financing of the acquition construction & equipment of a
120 Bed Nursing Home Facility located on 37th Street, Providing for Industrial
Development Revenue Bonds (Florida Health Facilities Project)
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ARTICLE VI II <br />PARTICULAR COVE3ANTS OF THE BORROWER <br />Section 8.1 General Covenants. The Borrower will not <br />do or per,nit anything to be done on or about the Project that. <br />will affect, impair or contravene any policies of insurance that <br />may be ~arried on the Project or any part thereof against loss or <br />damage by fire, casualty or otherwise. The Borrower will, in the <br />use of the Project and thz public ways abutting the same comply <br />with all lawful requirements of all go· ernmental bodies; pro- <br />vided, however, the Dorrower may, at its own expense in good <br />faith contest the validity or applicability of any such <br />re--i.uirement, <br />Section 8.2 Authorized Borrower Representative, The <br />Oorrower shall, prior to the delivery of the nonds, designate the <br />Authorized Borro~er Representative and shall also designate an <br />alternata Authorized narrower Representative for the purpose of <br />ta~ing all actions and making all certificates required to be <br />taken an<l made by the Authorizeu Ilorrower Representative. <br />Section 8,3 Examination of Project and nooks and <br />Records of the Borrower. The Trustee or the Issuer, or their <br />agents or attorneys, shall have the right at all reasonable times <br />to enter upon, examine, inspect and photograph the Project; and <br />in the event of default as hereinafter provitled, the Trustee, the <br />Issuer, or the holders of 51 or more of the aggregate principal <br />amount of the Bonds Qutstanuing and their respective agents, <br />attorneys and accountants shall have access to and the right to <br />inspect, eirnmine and inake copies of the books and recor.:ls, <br />accounts, data, and all or any other records or information of <br />the Borrower. <br />Section 8.4 Special 'Covenants. <br />Ilonds are Outstanding: <br />So long as any of the <br />(a) '!'he 13orrower shall install and maintain proper <br />books of record and account in which full und correct entries <br />shall be made in accordance with standard accounting practice, of <br />all. its busine:,s and affairs. 'rhe Dorrower shall furnish to the <br />Issuer ,:rnd th~ Trustee the following financial statements, finan- <br />cial data and ccrtifiaates: <br />(i) As soon as practicable antl in any event within 120 <br />days after the end of each fiscal year, audited financial <br />statements, cov~ring the operations Qf the Borrower for such <br />fiscal year, including consoliuat~d statements of income, con- <br />-]5-
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