2000-292 - Laserfiche WebLink

Home Browse Search

provider] pursuant to the Code or the Act without further action of the Participating County, (B) The fees and expenses of the Participating County shall be paid from the proceeds of the program In the manner and to the extent mutually agreed upon by the officials of the Participating County and the Escammbla Authority at or prior to issuance of the Escambia Bonds. Section 4 Term This Agreement will remain in full force and effect from the date of its execution until such time as it is terminated by any party upon ten (10) days written notice to the other party hereto. Notwithstanding the foregoing, it is agreed that this Agreement may not be terminated by the Participating County during the Authorization Period, or by any party during any period that the Escambia fronds issued pursuant to the terns hereof remain outstanding, or during any period in which the proceeds of such Escarribia Bonds (or investments acquired through such proceeds) are still in the possession of the Escambia Authority, or its agents. pending distribution, unless either (i) the parties to this Agreement mutually agree in writing to the terms of such termination or (it) such termination, by its terms, only applies prospectively to the authorization to issue Escambia Bonds for which no Allocation Amount has been obtained or used by the Escambia Authority and for which no purchase contract has been entered into. it is further agreed that in the event of termination the parties to this Agreement will provide continuing cooperation to each other in fulfilling the obligations associated with the issuance of Bonds pursuant to this Agreement. Section 5 Indemnity To the full extent permitted by law, the Escambia Authority agrees to hold the Participating County harmless from any and all liability for repayment of principal of and interest or penalty on the Escambia Bonds issued pursuant to this Agreement, and the members, officials, employees and agents of the Participating County harmless from any and all liability in connection with the approval rendered pursuant to Sections 159.603 and 159.604, Florida Statutes. The Escambia Authority agrees that any offering, circular or official statement approved by and used in marketing the Escambia Bonds will include a statement to the effect that Bond owners may not loom to the Participating County or its respective members, officials, employees and agents for payment of the Escambia Bonds and interest or premium thereon. MC[.-aalo loo Fmrr-0�/+PSilIN) G�i•io s#i[3rlvEa