1983-125 - Laserfiche WebLink

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"' .. County under this Agreement, the 1983 Bonds , the Resolution , the Indenture or the Loan Agreement. (h) The County has all requisite power a nd a uthority to enter into and perform this Agreement, to iss ue the 1983 Bonds , to apply the proceeds thereof as contemplated by the Resolution and the Indenture, to enter into and perform its obligations pur- suant to the Indenture and the Loan Agreement , to adopt the Resolution and comply with the provisions thereof, and to pledge the County 's payments fro m the Loan Ar:,.c eement for the benefit of the holder or h olders of the 1983 Bonds. 1.4. Purchase for Investment. Except for participation by other Institutional Investors, hereinafter defined, the Purchaser represents that it is, and on the Closing Date will be, purchasing the 1983 Bonds for its own account for investment and not with a view to, or for sale in connection with, the distribu- tion thereof, and without any present intention of distributing or reselling any 1983 Bonds, but subject, nevertheless, to any requirement of law that the disposition of its property be at all times within its control. Th e Purchaser und erstands that the 1983 Bonds have not been registered under the Securities Act of 1933, as a mended . The Purchaser acknowledges that in purchasing the 1983 Bonds, it is not relying on any representations of the County with respect to the financial quality of the 1983 Bonds. The Purchaser is r e lying solely on statements and representations of the Borrower and the Guarantor relating to its purchase of the 1983 Bonds. The Purchaser acknowledges that its business is that of a commercial bank. In connection with its business, the Purchaser holds an extensive portfolio of investments, including industrial development revenue bonds, and represents it has knowledge and experience in financia l and business matters and is capable of evaluating the merits and risks of purchasing the 1983 Bonds. The Purchaser represents that it has made its own inde- pendent evaluation of the creditworthiness of the Borrower and the Guarantor. The Borrower and the Guarantor have made available to the Purchaser during t h e course of the trans a ction, and prior to the purchase of the 1983 Bonds, the opportunity to ask questions and receive a nswers concerning the terms a nd con - ditions of the offering of the 1983 Bonds and to obtain any additional information relati v e to the financial data and busi - ness of the parties involved and the property to be mortgaged and otherwise used as security. -4-