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z <br />WHEREAS, the Issuer is willing to issue the Bonds and <br />desires to obtain the economic benefits from the Project; <br />NOW, THEREFORE, the Issuer and the Owner agree as <br />follows: <br />1. The Owner or its nominee shall commence or cause to <br />be commenced the acquisition and rehabilitation of the Project <br />as soon as feasible and may provide, or cause to be provided, at <br />its own expense, the necessary interim financing to permit such <br />acquisition and rehabilitation to commence and continue. Upon <br />the issuance of the Bonds, the Issuer and the Owner or its <br />nominee will enter into an agreement which may be in the form of <br />a loan agreement, lease agreement, installment sale agreement or <br />other form of agreement permitted by law (hereinafter called the <br />"Financing Agreement") with respect to the Project and the <br />financing therefor. The Financing Agreement shall contain such <br />terms and conditions as provided or permitted under said Chapter <br />165; provided, however, that the Financing Agreement shall <br />require payments sufficient to pay the principal of and premium, <br />if any, and interest on the Bonds. Upon request of the purchaser or purchasers of the Bonds, the Owner or its nominee <br />shall give and the Issuer shall, on behalf and for the <br />protection of the holders of the Bonds, accept such security, <br />including, without limitation, a mortgage on the Project, as may <br />be provided or permitted under said Chapter 165. The Issuer <br />shall not have any financial responsibility with respect to the <br />Bonds or the Project except from "revenues" (as defined in