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w ?.. <br />• WHEREAS, the Issuer is willing to issue the Bonds and desires <br />to obtain the economic benefits from such Project. <br />W I T N E S S E T H: <br />1. The Owner shall commence the acquisition, construction, <br />improvement and equipping of the Project as soon as feasible, and the <br />Owner may provide, or cause to be provided, at its own expense, the <br />necessary interim financing to permit such acquisition, construction, <br />improvement and equipping of the Project to commence and continue. Upon <br />the issuance of the Bonds, the Issuer and the Owner will enter into an <br />agreement (herein called "Financing Agreement") with respect to the <br />Project and the financing therefor. The Financing Agreement shall be in <br />the form of a loan agreement and shall contain such terms and conditions <br />as provided or permitted under said Chapter 165; provided, however, that <br />the Financing Agreement shall provide for payments sufficient to pay the <br />principal of and premium, if any, and interest on the Bonds. In order <br />to secure the payment of the principal of and premium, if any, and <br />interest on the Bonds, the Issuer may also enter into a trust agreement <br />or mortgage which shall have such terms and conditions as may be pro- <br />vided or permitted under said Chapter 165. Upon request of the pur- <br />chaser or purchasers of the Bonds, the Owner shall give and the Issuer <br />or the Trustee or mortgagee designated under such trust agreement or <br />mortgage shall, on behalf and for tlie protection of the holders of the <br />Bonds, accept such other security as may be provided or permitted under <br />said Chapter 165. The Issuer shall not have any financial responsi- <br />bility with respect to the Bonds or the Project except from "revenues" <br />(as defined in Section 165.01, Ohio Revised Code) derived by the Issuer <br />with respect to the Bonds and the Pro j ect . <br />-2-