2001-03-01 - Laserfiche WebLink

Home Browse Search

principles applied in all material respects on a consistent basis with respect to the periods involved and there has been no material adverse change (not in the ordinary course of business) in the financial condition of the System from the most recent date so set forth; H. The Issuer will immediately notify the Underwriter of any adverse change of a material nature in the financial condition of the System; I . At the time of the Issuer ' s acceptance hereof and at all times subsequent thereto, to and including the time of the Closing, to the best knowledge of the Issuer the Official Statement does not and will not contain any untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary make the statements therein, in the light of the circumstances under which they were made, not misleading; J. Between the date of this Bond Purchase Agreement and the Closing, the Issuer will not, without the prior written consent of the Underwriter, issue any bonds, notes, or other obligations for borrowed money and secured by or payable from revenues derived from the operations of the System; K. There is no action, suit , proceeding, or investigation which has not been disclosed in the Official Statement involving the Issuer before or by any court, public board, or body pending or, to the knowledge of the Issuer, threatened wherein an unfavorable decision, ruling, or finding would: (i) affect the existence or powers of the Issuer or the titles of its officers to their respective offices, (ii) enjoin or restrain the issuance, sale, and delivery of the Bonds or the collection of any moneys or property pledged or to be pledged under the Authorizing Ordinance or the pledge thereof, (iii) in any way question or affect any of the rights, powers, duties, or obligations of the Issuer with respect to the moneys and assets pledged or to be pledged to pay the principal of and premium, if any, and interest on the Bonds, (iv) in any way question or affect any authority for the issuance of the Bonds or the validity or enforceability of the Bonds, the Authorizing Ordinance, or any ordinance of the Issuer establishing rates to be charged for the services of the System (collectively, the "Rate Ordinances" ) , or (v) in any way question or affect this Bond Purchase Agreement or the transactions contemplated hereby or by the Official Statement, the documents referred to in the Official Statement, or any other agreement or instrument to which the Issuer is a party and relating to the Bonds or the System; and L. The Issuer will furnish such information, execute such instruments, and take such other action in cooperation with the Underwriter, as the Underwriter may reasonably request , to qualify the Bonds for offer and sale under the Blue Sky or other securities laws and regulations of such states and other jurisdictions of the United States of America as the Underwriter may designate, and the Issuer will assist, if necessary therefor, in the continuance of