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8 <br />complied and will comply with the conditions to execution and delivery of the Installment <br />Purchase Contract under the 2013 Installment Purchase Contract and the 2015 Installment <br />Purchase Contract. <br /> <br />(i) Continuing Disclosure. Except as disclosed in the Preliminary Official Statement <br />and the Official Statement, the City has not failed to comply with any material provision of a <br />continuing disclosure undertaking under the Rule in the past five years. <br /> <br />(j) Representation to Underwriter. Any certificate signed by any official of the City <br />and delivered to the Underwriter shall be deemed to be a representation and warranty by the <br />City to the Underwriter as to the statements made therein. <br />(k) Relationship to Underwriter. The City acknowledges and agrees that: (i) the <br />purchase and sale of the Bonds pursuant to this Bond Purchase Agreement is an arm’s length, <br />commercial transaction between the City and the Underwriter, (ii) in connection with such <br />transaction and with the discussions, undertakings and procedures leading up to the <br />consummation of such transaction, the Underwriter is and has been acting solely as a principal <br />and is not acting as a Municipal Advisor (as defined in Section 15B of the Securities Exchange <br />Act of 1934, as amended (the “Exchange Act”)), (iii) the Underwriter has not assumed any <br />advisory or fiduciary responsibility to the City with respect to the transaction contemplated <br />hereby and the discussions, undertakings and proceedings leading thereto (irrespective of <br />whether the Underwriter has provided other services or is currently providing other services to <br />the City on other matters) or any other obligation to the City except the obligations expressly set <br />forth in this Bond Purchase Agreement, (iv) the City has consulted its own legal, accounting, <br />tax, financial and other advisors, as applicable, to the extent it has deemed appropriate in <br />connection with the transaction contemplated herein, (v) the Underwriter has financial interests <br />that may differ from and be adverse to those of the City, and (vi) the Underwriter has provided <br />the City with certain disclosures required under the rules of the MSRB. <br />(i) Cooperation with Blue Sky. The City will furnish such information, execute such <br />instruments and take such other action in cooperation with the Underwriter as the Underwriter <br />may reasonably request to qualify the Bonds for offer and sale under the Blue Sky or other <br />securities laws and regulations of such states and other jurisdictions of the United States as the <br />Underwriter may designate; provided, however, that the City shall not be required to register as <br />a dealer or broker or foreign corporation in any such state or jurisdiction or consent to service of <br />process therein. <br />8. Closing Conditions. The Underwriter has entered into this Bond Purchase <br />Agreement in reliance upon the representations, warranties and covenants herein and the <br />performance by the Authority and the City of their respective obligations hereunder, both as of <br />the date hereof and as of the date of the Closing. The Underwriter’s obligations under this Bond <br />Purchase Agreement to purchase and pay for the Bonds shall be subject to the following <br />additional conditions: <br /> <br />(a) Bring-Down Representation. The representations, warranties and covenants of <br />the City and the Authority contained herein shall be true, complete and correct at the date <br />hereof and at the time of the Closing, as if made on the date of the Closing. <br /> <br />(b) Executed Agreements and Performance Thereunder. At the time of the Closing <br />(i) the City Documents and the Authority Documents shall be in full force and effect, and shall <br />not have been amended, modified or supplemented except with the written consent of the <br />Underwriter and (ii) there shall be in full force and effect such ordinances and resolutions (the <br />8.C. - Page 230