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The issuance and administration costs and expenses related to the Escambia Bonds <br /> issued to finance the Program and administration of such Program shall be paid from proceeds <br /> of the Escambia Bonds and revenues generated from the Program or other sources available to <br /> the Escambia Authority . <br /> Section 3. Program Parameters. <br /> (A) Upon request of the Escambia Authority, the Participating County shall, to the <br /> extent permitted by law, ( i) approve, establish, and update, from time to time as necessary, <br /> upon the request of the Escambia Authority, such Program parameters including, but not <br /> limited to, maximum housing price and maximum adjusted family income for eligible <br /> borrowers, as may be required for any bonds issued by the Escambia Authority pursuant to this <br /> Agreement and (ii) approve the allocation of Mortgage Loan moneys for each lending <br /> institution offering to originate Mortgage Loans within the Participating County. Unless <br /> otherwise notified in writing by the Participating County, the Escambia Authority may from <br /> time to time approve and establish such maximum price and family income amounts at the <br /> maximum levels provided pursuant to the Code or the Act without further action of the <br /> Participating 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 officials <br /> of the Participating County and the Escambia Authority at or prior to issuance of the Escambia <br /> Bonds. <br /> Section 4. Term. <br /> This Agreement will remain in full force and effect from the date of its execution until <br /> such time as it is terminated by any party upon ten ( 10) days written notice to the other party <br /> hereto. Notwithstanding the foregoing, it is agreed that this Agreement may not be terminated <br /> by the Participating County during the Authorization Period, or by any party during any <br /> period that the Escambia Bonds issued pursuant to the terms hereof remain outstanding, or <br /> during any period in which the proceeds of such Escambia Bonds (or investments acquired <br /> through such proceeds) are still in the possession of the Escambia Authority, or its agents, <br /> pending 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 Amount has <br /> been obtained or used by the Escambia Authority and for which no purchase contract has been <br /> entered into. It is further agreed that in the event of termination the parties to this Agreement <br /> will provide continuing cooperation to each other in fulfilling the obligations associated with <br /> the issuance of Bonds pursuant to this Agreement. <br /> Section 5. Indemnity. <br /> MCPS-105/23/06-6602-Countv Docs-Indian River ILA-vl 4 <br />