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case may be, and the issuance and delivery of the Bonds to the purchaser thereof, <br />the Bond Resolution shall for all purposes be considered approved by the <br />respective Sponsoring Public Entity and deemed to be in compliance with this <br />Contract in all respects, and the Bonds issued thereunder will constitute Bonds as <br />defined in this Contract for all purposes. Any owner of Bonds is entitled to rely <br />fully and unconditionally on any such approval. <br />(iv) All covenants and provisions in the Bond Resolution affecting, or <br />purporting to bind, a Sponsoring Public Entity, shall, upon the delivery of the <br />Bonds, become absolute, unconditional, valid, and binding covenants and <br />obligations of the Sponsoring Public Entities so long as the Bonds and interest <br />thereon are outstanding and unpaid, and may be enforced as provided in this <br />Contract and the Bond Resolution. Particularly, the obligation of the respective <br />Sponsoring Public Entity to make, promptly when due, all payments specified in <br />this Contract shall be absolute and unconditional, and said obligation may be <br />enforced as provided in this Contract. In addition, subject to the approval of the <br />affected Sponsoring Public Entity, the Agency may enter into Credit Agreements <br />for the purpose of achieving the lowest financing costs for the Project. <br />(d) The provisions of this Article III shall apply to the Bonds issued by the <br />Agency with respect to each phase of the construction of the Facilities. <br />5. Defined Terms. All terms that are defined in the Contract will have those same <br />definitions in this Amendment. <br />• 6. Remaining Provisions. All other provisions of the Contract remain in full force and <br />effect. <br />[The remainder of this page intentionally left blank.] <br />u