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(d) The Municipality is willing to so commit and to <br /> proceed with the issuance of such bonds as and when requested by <br /> the Company, in principal amounts necessary to furnish such <br /> permanent financing subject to compliance with all conditions <br /> set forth in Act 9 . <br /> (e) The Municipality considers that the acquiring, <br /> constructing and equipping of the Industrial Facilities, and the <br /> making of loans to finance or the leasing or sale to the Company <br /> of all such facilities as are so financed, will secure and <br /> develop industry and thereby promote the general health and <br /> economic welfare of the inhabitants of the Municipality and <br /> adjacent areas. <br /> 2 . Undertakings on the Part of the Municipality. The <br /> Municipality agrees as follows : <br /> ( a) That when requested by the Company, it will <br /> authorize and take, or cause to be taken, the necessary steps to <br /> issue revenue bonds under Act 9, in the aggregate principal <br /> amount necessary to furnish the permanent financing of all or <br /> any part of the costs of acquiring, constructing and equipping <br /> of the Industrial Facilities . In this regard, it is estimated <br /> at this time that the cost of accomplishing the Industrial <br /> Facilities will be in the amount of $2 , 500, 000 but bonds will be <br /> issued in such amount as shall be requested by the Company <br /> whether that amount is more or less than $2 , 500, 000 (the <br /> "Bonds" ) . <br /> (b) That it will, at the proper time and subject in <br /> all respects to the recommendation and approval of the Company, <br /> have the Bonds underwritten and will adopt, or cause to be <br /> adopted, such proceedings and authorize the execution of such <br /> documents as may be necessary and advisable for the <br /> authorization, sale and issuance of the Bonds, the acquiring, <br /> constructing and equipping of the Industrial Facilities, the <br /> loan of the proceeds of the Bonds to the Company for that <br /> purpose or the leasing or sale of the Industrial Facilities to <br /> the Company ( it being understood that the form of the <br /> transaction will be subsequently determined) , all in conformity <br /> with Act 9 and any other applicable federal state laws and upon <br /> terms and conditions mutually satisfactory to the Municipality <br /> and the Company. <br /> (c ) That the aggregate basic rents or payments ( i . e. , <br /> the rents or payments to be used to pay the principal of, <br /> premium, if any, and interest on the Bonds) payable under lease, <br /> loan agreement or sale agreement (whichever is applicable) <br /> between the Municipality and the Company, shall be sufficient to <br />