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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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l\.R'l'ICLJ!: [I <br />i~t:l'aSS E:n'A'l'IONS, WA.RRANTii,:s A.t-W COVENMITS OF THE <br />GUARANTOR <br />3~cci.::,n 2.01. Representations and Warranties as to <br />C-::>n~i .Jcr.:it1-:>n. <br />Th d Juarantor represents and w~crants that it has received <br />Joo.i, ·1"1lu.ll>it.i and sufficient consideration for entering into <br />tnl.J ·qr~e1at!nt. <br />3~cci-::>n 2.02. Other Representations and Warranties. <br />":'he ..:;uar.'lntor hereby represents and warrants as f o llows: <br />(a) ~he Guarantor is composed of a corporation duly <br />'Jr:;ani;:.cu, ·1alidly existing and in 100d standing under the laws <br />~f ~ha ~t.J.td of Florida, anu natural persons; and <br />(j) the execution, delivery and performance by the Guar~ntor <br />0f ~nLd ~qr~ement (i) does not contravene any law or any <br />cont~~ctu<ll restriction binding on or affecting such party and <br />Jo~s n~c result in or require the creation of any lien, secur ity <br />interesc or other charge o r encumb rance (other than pursuant <br />heraco) upon or with respect to such party's individually or <br />jointly 0wned properties, and (ii) the Guarantor has duly <br />~uthorize<l the execution and ~elivery hereof by all necessary <br />~ction anJ the same does not contravene its organizational <br />-locu;no:nt.s, if any; .:i.n<l <br />(c} no autho rization or: approval or other action l:>y, and no <br />not.i..;c to :)r filing with, any governmental authori ty or regula- <br />tory i.loJy is cequire,l for the due execution, delivery a nd ()erfor- <br />mance oy the Guarantor of this Agreement: and <br />(d) this Agreement is il le<Jal, valid ant3 binding obl iga tion <br />of tho Gu arantor an~ is legillly enforceable aga i nst the Gu.:i.r~ntor <br />in .Jccor,lance with its terms, except as enforceability thereof <br />,nay :)(~ li:nit ed by oanl<ruptcy, reorg.:i.nL•.at.ion or other si111i lr1c <br />lJws of Jen~r.:i.i application relating to or affecting the enfur- <br />cement. ,?t r.:reuitors' rights, and subject to the availability of <br />equit.J.ble remeJies , gener.:i.lly; and <br />(.:} the Guarantor will Eurnish the Trust ee a.nd the initi.::il <br />iJUrc!,..ise r of the f3onJs (i) a baL1ncc s heet of the Guar:rntor ,1.s of <br />its ::iost re cent. fiscal year and ,"1 rdl.:i.ted statement of income for <br />-9-
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