1984-102 - Laserfiche WebLink

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G 40 i® The proceeds of the sale of the 1984 Bonds shall be applied to pay the costs of the acquisition, construction and equipment of an approximately 40,000 sqrire foot industrial faci- lity for the design, engineering and manufacture of computer systems, sub -systems and peripherals, and other electronic systems, including any necessary utilities, within the jurisdic- tional territorial limits of the Issuer (the "Project"). The proceeds of the sale of the 1984 Bonds will be loaned to the Borrower to pay the costs of acquiring, constructing and equipping the Project pursuant to a Loan Agreement, Mortgage and Security Agreement dated as of the date of the 1984 Bonds, bet- ween the County and the Borrower (the "Loan Agreement"). 1.2. Sale and Purchase of Bonds; Closing. The County hereby agrees to se --to t e urc aser, su6�ect to the terms and conditions hereof and subject to validation of the 1984 Bonds by the Circuit Court for Indian River County, Florida, and the Purchaser, in reliance upon the respective representations and warranties of the County and the Borrower contained herein, hereby agrees to purchase from the County, on the Closing Date hereinafter specified, $2,500,000 aggregate principal amount of the 1984 Bonds at a price equal to 100% of the par value thereof. The date for the delivery of the 1984 Bonds hereunder (the "Closing Date") shall be December 21, 1984, or such other business day subsequent thereto, as the County shall designate; provided, at least 5 days' prior notice of such other Closing Date shall be given to the Purchaser. On the Closing Date, the County will deliver the 1984 Bonds to the Purchaser against payment therefor by immediately available funds payable to the Trustee for the account of the County, at the principal office of Trustee in Jacksonville, Florida. On the Closing Date, the County shall deliver to the Purchaser one or more 1984 Bonds in the aggregate principal amount specified above, registered in the name of the Purchaser or its nominee. 1.3. Representations of County. In addition to the representations of the County set forth in Section 1.2 of the Loan Agreement, upon which the Purchaser shall be entitled to rely, the County hereby represents to the Purchaser that: (a) The County is authorized to issue the 1984 Bonds pursuant to Chapter 159, Part II, Florida Statutes, and other applicable provisions of law (collectively, the "Act"). (b) When delivered to and paid for by the Purchaser in accordance with the provisions of this Agreement, the 1984 -2-