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1983-102
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1983-102
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3/28/2023 3:08:25 PM
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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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shall cause the Borrm.,,er to furnish to the Trustee sat is Eactory <br />evidence that such policy has been renewed or replaced by another <br />policy, in accordance with Section 5.4 of the Loan f\qreement. <br />Section 6.8 Performance of Covenants by Issuer and <br />Borrower. The Issuer will faithfully perform at all times any <br />and all covenants, undertakings, stipulations and provisions con- <br />tained in this Indenture, in any and every Bond executed, authen- <br />ticated and delivered hereunder and in all proceedings of its <br />Board of Trustees pertaining thereto. <br />The Issuer will require the Borrower faithfully to per- <br />form at all times any and all covenants, undertakings, stipu- <br />lations and provisions contained in the Loan Agreement. The <br />Issuer will promptly notify the Trustee in writing if, to the <br />knowledge of the Issuer, the Borrower fails to perform or observe <br />any of the agreements or covenants on its part contained in the <br />Loan Agreement or it fails to perform or observe any of the <br />agreem8nts or covenants on its part contained in this Indenture. <br />The Issuer will promptly cornply with the instructions or direc- <br />tions of the Trustee with respect to the giving of notice of <br />default to the Borrower and the exercise of rights and remedies <br />in the event of default under the L::.an Agreement. Unless so <br />instructed or directed, the Issuer 1•1ill not give the Borrower a <br />notice of default or exercise any right or remeJy under the Loan <br />Agreement. <br />Section 6,9 Inspection of Project Gooks. All books and <br />documents in the Issuer's possession relating to the Project and <br />the Revenues, including any financial statement or other report <br />by the Borrower, shall at all times be open to inspection by such <br />accountants or other agencies as the Trustee may from time to <br />time designate. <br />Section 6.10. No Vacancy in Office of Trustee. The <br />Issuer, whenever necessary to avoid or fill a vacancy in the <br />office of Trustee, will appoint, in the manner proviued in <br />Section 10.0, a Trustee, so that there shall at all times be a <br />Trustee hereunder, <br />Section 6,11 Issuer Will Not Extend Time of Payment <br />of Bonds Without Consent of BondholJers. The Issuer will not <br />directly or indirectly extend or consent to the extension of the <br />time of payment of any of the □onus, unless consented to by the <br />holder of the Uond so affected. <br />-46-
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