RES 86187 - Laserfiche WebLink

(k) The City will apply the proceeds of the Bonds, including the investment thereof, in accordance with the Proceedings and as described in the Offering Memorandum. 8. If between the date of this Purchase Contract and the date ninety (90) days after the Closing an event occurs which is materially adverse to the purpose for which the Offering Memorandum is to be used which is not disclosed in the Offering Memorandum, the City shall notify the Underwriter. 9. At 9:30 a.m., P.S.T., on May 15, 1986, or at such other time or on such other date as is mutually agreed by the City and the Underwriter, the City will deliver the Bonds to the Underwriter in definitive form, duly executed, together with the other documents hereinafter mentioned, and, subject to the terms and conditions hereof, the Underwriter will accept such delivery and pay the purchase price of the Bonds as set forth in paragraph 1 hereof with clearing house funds to the City. Delivery and payment, as aforesaid, shall be made at the office of Bank of America, N.T.&S.A., Corporate Agency Division, San Francisco, California, or such other place as shall have been mutually agreed upon by the City and the Underwriter.. The bonds shall be printed or lithographed on steel engraved borders, shall bear CUSIP numbers and shall be prepared and delivered as fully registered Bonds in authorized denominations, and shall be made available to the Underwriter at least (1) business day before the Closing for purposes of inspection and packaging. 10. The Underwriter has entered into this Purchase contract in reliance upon the representations, warranties and agreements of the City contained herein and to be contained in the documents and instruments to be delivered at the Closing, and upon the performance by the City of its obligations hereunder, both as of the date hereof and as of the date of the Closing. Accordingly, the Underwriter~s obligations under this Purchase Contract to purchase, to accept delivery of and to pay for the bonds shall be subject to the performance by the City of its obligations to be performed hereunder and under such documents and instruments at or prior to the Closing, and shall also be subject to the following conditions: (a) The representations and warranties of the City contained herein shall be true, complete and correct on the date hereof and on and as of the date of the Closing, as if made on the Date of the Closing; (b) At the time of the Closing the Proceedings shall be in ful~ force and effect, and shall not have been amended, modified or supplemented, and the Offering Memorandum shall not have been amended, modified or