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boor 101 [AGE <br />-- <br />pay the Ioan in installments sufficient to pay all of the interest, <br />principal, redemption premiums (if any) and other costs due under <br />and pursuant to the Bonds when and as the same become due and <br />payable, to operate, repair and maintain the Project at the <br />Company's own expense, and to pay all other costs incurred by the <br />County in connection with the financing of the acquisition, <br />rehabilitation and administration of the Project which are not paid <br />out of the Bond proceeds or otherwise; and <br />(I) Based on a review of the financial statements of the <br />Company supplied as a part of the Company's application to the <br />County, the Company is financially responsible and fully capable <br />and willing to fulfill its obligations under the proposed financing <br />agreement, including the obligation to make installment payments on <br />the loan for the Project financed with the proceeds of sale of the <br />Bonds in the amount and at the times to be required by the <br />financing agreement; the obligation to operate, repair and maintain <br />such Project at its own expense; and to serve the purposes of the <br />Act and other responsibilities to be imposed under the financing <br />agreement; due consideration having been given to the Company's <br />ratio of current assets to current liabilities, net worth, earning <br />history, coverage of all fixed charges, the nature of its business, <br />its financial stability, and other factors determinative of the <br />capabilities of the Company, financially and otherwise, to fulfill <br />its obligations consistently with the purposes of the Act; and <br />(J) The Bonds shall and will be payable solely from the <br />revenues and proceeds derived by the Company from the operation, <br />leasing or sale of the Project, and will not constitute a debt, <br />liability or obligation of the County or the State of Florida or of <br />any other political subdivision thereof; the County shall not be <br />obligated to pay the same nor interest, premiums (if any) or costs <br />thereon except from the revenues and proceeds pledged therefor, and <br />neither the faith and credit nor the taxing power of the County, or <br />58 <br />April 22, 1997 <br />