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40 GO •® 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 from the Loan Agreement for the benefit of the holder or holders of the 1984 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 1984 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 1984 Bonds, but subject, nevertheless, to any requirement of law that the disposition of its property be at all times within its control. The Purchaser understands that the 1984 Bonds have not been registered under the Securities Act of 1933, as amended. The Purchaser acknowledges that in purchasing the 1984 Bonds, it is not relying on any representations of the County with respect to the financial quality of the 1984 Bonds. The Purchaser is relying solely on statements and representations of the Borrower relating to its purchase of the 1984 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 financial and business matters and is capable of evaluating the merits and risks of purchasing the 1984 Bonds. The Purchaser represents that it has made its own inde- pendent evaluation of the creditworthiness of the Borrower. The Borrower has made available to the Purchaser during the course of the transaction, and prior to the purchase of the 1984 Bonds, the opportunity to ask questions and receive answers concerning the terms and conditions of the offering of the 1984 Bonds and to obtain any additional information relative to the financial data and business of the parties involved and the property to be mortgaged and otherwise used as security. The Purchaser acknowledges that it has been advised by its counsel and is familiar with the provisions of current legislation being proposed in the United States Congress which, if enacted, may have the effect of (a) making the purchase of the 1984 Bonds less attractive to the Purchaser than it anticipated when it delivered to the Borrower its loan commitment, dated February 9, 1984, as amended , 1984, with respect -4-