96-043 Resolution - Laserfiche WebLink

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UCI ??,. ? ?• ----?l ?; ?°?" . . , 4 .,? ' • . . . For purposes (-fthis Agreement, "governmental unit" meatis a potitical subdivision within the Unit :.d Stat.-s, including any political subdivision within the Sta.e of Qhio, but does not mean th+: Unite 3 States or any af its governmental branches, departmen#5 ur agencies. Ifthere iF ar.y qjestion about the application of the foregoing restrictions relating to private busines. uses tor lowis, the Borrower agrees ta immediately write the OWDA requesting assistance pric r to entering into any agreement which may be prohibited as provided hereinat )ve. (u) Th: Borrower shail not reloan, directty or indirectly, any portion of the amounts advanced to it trlder tlus Agreement to any person; (d) Th,,; to a: sure that the OWDA Bonds will not be or become "arbitrage bonds" within the meamng of !9 eWon 148 ofthe Inter:W Revenue Code af 1986, as amended, the Borrawer, except upon the prior ?;rritten consent of the OWDA, shall not create or permit ta exist any fund pledged to, or express'y rese rved exctusive y for, the payment of amounts payabie by the Borcower hereunder. Sectian 7.2. T ie OV1DA shall not be required to, and sha11 not, consent to any action by the Borrower refe: red tc itt Section 7.1 unless it first shall have received an opinion of nationally recognized bo;,,d counsel to the effect that the consummation of the trensaction or transactions eontemplated t ? such action will nat adversely affect the tax-exempt stat?:s of the OWDA bonds. Section 7.3. lf the Borrower shaI1 have any question abaut the appiication af Section 7.1., in the particuh_ - circumstances faced by it at any time during the term of this Agreement, it shall immediateIy inf: rm thE OWDA of the circumstances and request the OWDA's assistance to resolve arry such questi;,ns, to the end that the tax-exempt status af the OWDA Bonds and of the OWDA's bonds would bs; prese rved. .%RTI#:LE V1II - MISCELLANEOUS PROVISIONS Sectio;: 8.1. Any invoice, accounting, demand, or other cemmurication under this Agrecment by any par.y to t!us Agreement to any other party shall be sufficiently given or delivered if it is dispatc'aed b!? regiMered dr eertified mail, postage prepaid, return receipt requested, or delivered perscna'1y, 3nd (a) in the cas : of tYe OWDA, is addressed to or delivered personally to the OWDA at: The O'?io Water Development Authority 88 Ea:t Broa i Streat - Suite 1300 Colurr?,us, O uo 43215-3516 Attn: C:xecutive Director - anJ - 18