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10/2/2001
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10/2/2001
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10/23/2015 5:50:15 PM
Creation date
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Meetings
Meeting Type
BCC
Document Type
Migration
Meeting Date
10/02/2001
Archived Roll/Disk#
2547
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k <br /> ibIortgage Loan moneys for each lending institution offering to originate Mortgage <br /> Loans within the Participating County . Unless otherwise notified in writing by the <br /> Participating County , the Escambia Authority may from time to time approve and <br /> establish such maximum price and family income amounts at the maximum levels <br /> provided pursuant to the Code or the Act without further action of the Participating <br /> County . <br /> (B ) The fees and expenses of the Participating County shall be paid from the <br /> proceeds of the Program in the manner and to the extent mutually agreed upon by the <br /> officials of the Participating County and the Escambia Authority at or prior to issuance <br /> of the Escambia Bonds . <br /> Section 4 . Term . This Agreement will remain in full force and effect from <br /> the date of its execution until such time as it is terminated by any party upon ten ( 10 ) <br /> days written notice to the other party hereto . Notwithstanding the foregoing, it is <br /> agreed that this Agreement may not be terminated by the Participating County during <br /> the Authorization Period , or by any party during any period that the Escambia Bonds <br /> issued pursuant to the terms hereof remain outstanding , or during any period in <br /> which the proceeds of such Escambia Bonds (or investments acquired through such <br /> proceeds) are still in the possession of the Escambia Authority, or its agents , pending <br /> distribution , unless either (i) the parties to this Agreement mutually agree in writing <br /> to the terms of such termination or (ii) such termination , by its terms , only applies <br /> prospectively to the authorization to issue Escambia Bonds for which no Allocation <br /> Amount has been obtained or used by the Escambia Authority and for which no <br /> purchase contract has been entered into . It is further agreed that in the event of <br /> termination the parties to this Agreement will provide continuing cooperation to each <br /> other in fulfilling the obligations associated with the issuance of Bonds pursuant to <br /> this Agreement . <br /> Section S . Indemnity . To the full extent permitted by law, the Escambia <br /> Authority agrees to hold the Participating County harmless from any and all liability <br /> for repayment of principal of and interest or penalty on the Escambia Bonds issued <br /> pursuant to this Agreement, and the members , officials , employees and agents of the <br /> Participating County harmless from any and all liability in connection with the <br /> approval rendered pursuant to Sections 159 . 603 and 159 . 604 , Florida Statutes . The <br /> Escambia Authority agrees that any offering, circular or official statement approved by <br /> and used in marketing the Escambia Bonds will include a statement to the effect that <br /> Bond owners may not look to the Participating County or its respective members , <br /> officials , employees and agents for payment of the Escambia Bonds and interest or <br /> premium thereon . <br /> a <br /> 37 <br /> _r- <br /> CJ <br /> u-t <br /> -v <br /> cn <br /> cn <br /> MCL-o9 / o4 / o 1 -6472-indrivia 4 <br /> October 2 , 2001 <br /> 71 <br /> BK 19 NG 716 <br />
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