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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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hereof without the prior written consent of the holders of all <br />Outstanding Bonds. <br />(c) Execution, No amendment hereto shall be effective unless <br />executed in writing by the Trustee. <br />Section 1.06, Parties Accept the Loan Agreement, the <br />Indenture and the Series 1983 Bonds. <br />The parties hereto accept the t9rms and provisions of the <br />Loan Agreement, the Indenture and the Series 1903 Bonds. <br />Section 1.01. Guaranty of Additional Bonds. <br />If one or more series of Additional Bonds shall hereafter be <br />issued as provided in the Loan Agreement and in the Indenture, <br />the consent thereto of any party shall constitute an acceptance <br />by such party of such series of Additional Bonds, and any amend- <br />ments and supplements to the Loan Agreement and/or the Indenture <br />executed in connection therewith, and shall extend the scope of <br />such ?arty's liability hereunder (i) ta such series of Addi- <br />tional Bond s and (ii) to the Loan ,;greement and the Indenture as <br />so <'\mended and supplemented. <br />Section 1.08. Payments. <br />i\11 payments requireu hereby shall be paid in lawful money of <br />the Uniteu State s of America. Each and every default in p a yment <br />of the principal of, premium, if any, or interest on any Bond <br />shall give rise to a separate cause of action hereund er, and <br />separate suits may be brought hereunder. by the Trustee, and to <br />the extent permitted by the Indenture, by the Bondholders as a <br />class, or by any Bondholder individually, as each cause of action <br />arises. <br />~11 pa~nents hereunder shall be made free and clear of, and <br />without deduc tion for, ~ny and all present and future taxes, <br />levies, imposts, deduct.ions, charges, withholdings, and all <br />liabilities with respect thereto. <br />See tion 1. 09. Return of Payments. <br />'Phis Agreement shall continue to be effective or be <br />reinstated, as the case rnay be, if at any time any payment made <br />hereunder is rescinded or ;nust otherwise be returned by the <br />Trustee or any Bondholder upon the insolvency, bankruptcy or <br />reorganization of the Issuer, the rlorrower, the Gunr.,"l.ntor or <br />otherwise all as though such payment had not been made. <br />-6-
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