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<br />when required for future performance, are expected to be obtained, other than such approvals, consents and
<br />orders as may be required under the Blue Sky or securities laws of any state in connection with the offering
<br />and sale of the Bonds. Except as described in or contemplated by the Preliminary Official Statement and
<br />the Official Statement, all authorizations, approvals, licenses, permits, consents and orders of any
<br />governmental authority, board, agency or commission having jurisdiction of the matter which are required
<br />for the due authorization by, or which would constitute a condition precedent to or the absence of which
<br />would materially adversely affect the due performance by, the Authority of its obligations under the
<br />Authority Documents have been duly obtained.
<br />(f) The Authority hereby agrees that it will notify the other parties hereto if, within the period
<br />from the date of this Purchase Agreement to and including the date that is twenty-five (25) days following
<br />the Closing, the Authority discovers any pre-existing or subsequent fact or becomes aware of the occurrence
<br />of any event, in any such case, which might cause the Official Statement (as the same may have then been
<br />supplemented or amended) to contain any untrue statement of a material fact or to omit to state a material
<br />fact necessary to make the statements therein, in the light of the circumstances under which they were made,
<br />not misleading.
<br />(g) As of the time of acceptance hereof and the Closing, except as disclosed in the Official
<br />Statement, there is no action, suit, proceeding, inquiry or investigation, at law or in equity, before or by any
<br />court, governmental authority, public board or body, pending, with service of process upon the Authority
<br />having been accomplished, or threatened in writing to the Authority: (i) in any way questioning the
<br />corporate existence of the Authority or the titles of the officers of the Authority to their respective offices;
<br />(ii) affecting, contesting or seeking to prohibit, restrain or enjoin the issuance of any of the Bonds, the
<br />collection of Revenues under the Indenture or any amounts pledged or to be pledged to pay the principal of
<br />and interest on the Bonds, in any way contesting or affecting the validity of the Bonds or the other Authority
<br />Documents or the consummation of the transactions contemplated thereby or hereby, contesting the
<br />exclusion of the interest on the Bonds from federal taxation or the exclusion of the interest on the Bonds
<br />from State taxation or contesting the powers of the Authority or its authority to issue the Bonds; (iii) which
<br />would be likely to result in any material adverse change relating to the business, operations or financial
<br />condition of the Authority; or (iv) contesting the completeness or accuracy of the Preliminary Official
<br />Statement or the Official Statement or any supplement or amendment thereto or asserting that the
<br />Preliminary Official Statement or the Official Statement contained any untrue statement of a material fact
<br />or omitted to state any material fact necessary to make the statements therein, in the light of the
<br />circumstances under which they were made, not misleading.
<br />(h) To the Authority’s knowledge, there is no basis for any action, suit, proceeding, inquiry or
<br />investigation of the nature described in clauses (i) through (iv) of paragraph (g).
<br />(i) The information in the Official Statement concerning the organization and existence of the
<br />Authority does not contain any untrue statement of a material fact or omit to state a material fact that is
<br />necessary to make the statements therein, in light of the circumstances under which they were made, not
<br />misleading.
<br />(j) The Authority will refrain from taking any action, or permitting any action to be taken,
<br />with regard to which the Authority may exercise control, that results in the loss of the tax-exempt status of
<br />the interest for federal income tax purposes on the Bonds.
<br />(k) The Authority will refrain from taking any action, or permitting any action to be taken, to
<br />reduce the amount of the Installment Payments while the Bonds are Outstanding, and the Authority will
<br />collect the Installment Payments in accordance with the Installment Sale Agreement and Indenture.
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