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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 provided <br />or permitted under said Chapter 165. Upon request of the purchaser or <br />purchasers of the Bonds, the Owner shall give and the Issuer or the <br />Trustee or mortgagee designated under such trust agreement or mortgage <br />shall, on behalf and for the protection of the holders of the Bonds, <br />accept such other security as may be provided or permitted under said <br />Chapter 165. The Issuer shall not have any financial responsibility <br />with respect to the Bonds or the Project except from "revenues" (as <br />defined in Section 165.01, Ohio Revised Code) derived by the Issuer with <br />respect to the Bonds and the Project. <br />-2- <br />