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(g) No material changes have occurred in the capital improvement <br />program which will have a negative impact on the cost estimate for <br />successful completion of the Project: <br />(h) Proceeds from the Series 1996 Bonds will be sufficient for design, <br />construction and implementation of the Project; <br />(i) The useful life of the Project is in excess of the average weighted <br />average life of the Series 1996 Bonds. <br />All the opinions, letters, certificates, instruments and other documents mentioned above or <br />elsewhere in this Bond Purchase Contract shall be deemed to be in compliance with the provisions hereof <br />only if they are in a form and substance satisfactory to the Underwriters. <br />10. Underwriters's Right to Cancel. The Underwriters shall have the right to cancel its <br />obligations to purchase and accept delivery of the Bonds hereunder by notifying the Issuer, in writing or <br />by -telegram via telecopy, of its election to do so between the date hereof and the Closing if prior to the <br />Closing: <br />(a) legislation shall be enacted by the Congress, or recommended to the Congress for <br />passage by the President of the United States, or favorably reported for passage to either chamber <br />of the Congress by a committee of such chamber to which such legislation has been referred for <br />consideration, a decision by a court of the United States or the United States Tax Court shall be <br />rendered, or a ruling, regulation or official statement (including a press release) by or on behalf <br />of the Treasury Department of the United States, the Internal Revenue Service or other <br />governmental agency shall be made or proposed to be made with respect to federal taxation upon <br />revenues or other income of the general character to be derived by the Issuer or by any similar <br />body, or upon interest on obligations of the general character of the Bonds, or other action or <br />events shall have transpired which have the purpose or effect, directly or indirectly, of changing <br />the federal income tax consequences of any of the transactions contemplated in connection <br />herewith, which, in the reasonable opinion of the Underwriters and the financial advisor to the <br />Issuer, materially and adversely affects the market price of the Bonds or the market price generally <br />of obligations of the general character of the Bonds; or <br />(b) any legislation, ordinance or regulation shall be enacted or be actively considered <br />for enactment by any governmental body, department or agency of the State of Florida having <br />jurisdiction of the subject matter, or a decision by any court of competent jurisdiction within the <br />State of Florida shall be rendered which, in the reasonable opinion of the Underwriters and <br />Financial Advisor to the Underwriters, materially and adversely affects the market price of the <br />Bonds; or <br />(c) a stop order, ruling, regulation or official statement by or on behalf of the <br />Securities and Exchange Commission shall be issued or made to the effect that the issuance, <br />offering or sale of the Bonds, or of obligations of the general character of the Bonds as <br />contemplated hereby, is subject to registration or qualification under the Securities Act of 1933, <br />as amended, or the Trust Indenture Act of 1939, as amended, or is in violation of any provision <br />of either of such acts or the Securities Exchange Act of 1934, as amended; or <br />(d) any event shall have occurred or shall exist which, in the reasonable opinion of the <br />Underwriters, either (i) makes untrue or incorrect in any material respect any statement or <br />information contained in the Official Statement, or (ii) is not reflected in the Official Statement and <br />should be reflected therein in order to make the statements and information contained therein not <br />misleading in any material respect; or <br />a <br />