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V <br /> ( D. The Issuer will not take or omit to take any action, <br /> �r which action or omission will in any way cause the proceeds from <br /> the sale of the Bonds to be applied in a manner other than as <br /> provided in the Authorizing Ordinance; <br /> E . When delivered to and paid for by the Bank, the Bonds <br /> will have been duly authorized, executed, authenticated, issued and <br /> delivered, and will constitute valid and legally binding special <br /> obligations of the character referred to in the statutes under <br /> which issued; <br /> F. The Issuer will immediately notify the Bank of any <br /> adverse change of a material nature in the financial condition of <br /> the System which occurs prior to the Closing; <br /> G. Between the date of this Bond Purchase Agreement and the <br /> Closing, the Issuer will not, without the prior written consent of <br /> the Bank, issue any bonds, notes, or other obligations for borrowed <br /> money and secured by or payable from revenues derived from the <br /> operations of the System; <br /> H. There is no action, suit, proceeding, or investigation <br /> involving the Issuer before or by any court, public board, or body <br /> pending or, to the knowledge of the Issuer, threatened wherein an <br /> unfavorable decision, ruling, or finding would: (i) affect the <br /> existence or powers of the Issuer or the titles of its officers to <br /> their respective offices, (ii) enjoin or restrain the issuance, <br /> sale, and delivery of the Bonds or the collection of any moneys or <br /> property pledged or to be pledged under the Authorizing Ordinance <br /> or the pledge thereof, (iii) in any way question or affect any of <br /> the rights, powers, duties, or obligations of the Issuer with <br /> respect to the moneys and assets pledged or to be pledged to pay <br /> the principal of and premium, if any, and interest on the Bonds, <br /> (iv) in any way question or affect any authority for the issuance <br /> of the Bonds or the validity or enforceability of the Bonds, the <br /> Authorizing Ordinance, or any ordinance of the Issuer establishing <br /> rates to be charged for the services of the System (collectively, <br /> the "Rate Ordinances" ) , or (v) in any way question or affect this <br /> Bond Purchase Agreement or the transactions contemplated hereby, or <br /> any other agreement or instrument to which the Issuer is a party <br /> and relating to the Bonds or the System; and <br /> 8 . The Bank has entered into this Agreement in reliance upon <br /> the representations and agreements of the Issuer herein and the <br /> performance by the Issuer of its obligations hereunder, both as of <br /> the date hereof and as of the Closing. The Bank' s obligations under <br /> this Agreement are and shall be subject to the following further <br /> conditions: <br /> A. At the Closing, the Authorizing Ordinance and the Rate <br /> Ordinances shall be in full force and effect and the Authorizing <br /> Ordinance and the Official Statement shall not have been amended, <br /> 3 <br />