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contemplated hereby, or which might result in a material adverse change in the financial condition of <br />the Agency or which might materially adversely affect the Tax Revenues of the Agency; nor, to the <br />best knowledge of the Agency, is there any known basis for any such action, suit, proceeding, inquiry <br />or investigation, wherein an unfavorable decision, ruling or finding would materially adversely affect <br />the validity of the authorization, execution, delivery or performance by the Agency of the Agency <br />Legal Documents. <br />(h) As of the time of acceptance hereof and as of the date of the Closing, the <br />Agency does not and will not have outstanding any indebtedness which indebtedness is secured by a <br />lien on the Tax Revenues of the Agency superior to or on a parity with the lien provided for in the <br />Indenture on the Tax Revenues, other than as disclosed in the Official Statement. <br />(i) As of the time of acceptance hereof and as of the date of the Closing, the <br />Agency has complied with the filing requirements of the Law, including, without limitation, the <br />tiling of all Recognized Obligation Payment Schedules, as required by the Law. <br />6) As of the date thereof, the Preliminary Official Statement did not contain any <br />untrue statement of a material fact or omit to state a material fact necessary to make the statements <br />therein in light of the circumstances under which they were made, not misleading (except that this <br />representation does not include information relating to The Depository Trust Company or the <br />book -entry -only system, the Insurer, the Policy or the Reserve Policy). <br />(k) As of the date hereof and at all times subsequent hereto up to and including <br />the date which is 25 days following the End of the Underwriting Period for the Bonds, the Official <br />Statement will not contain any untrue statement of a material fact or omit to state a material fact <br />required to be stated therein or necessary to make the statements therein, in light of the circumstances <br />under which they were made not misleading (except that this representation does not include <br />information relating to The Depository Trust Company, the book - entry -only system, the Insurer, the <br />Policy or the Reserve Policy). <br />(1) If between the date hereof and the date which is 25 clays after the End of the <br />Underwriting Period for the Bonds, an event occurs which would cause the information contained in <br />the Official Statement, as then supplemented or amended, to contain an untrue statement of a <br />material fact or to omit to state a material fact required to be stated therein or necessary to make such <br />information therein, in the light of the circumstances under which it was presented, not misleading, <br />the Agency will notify the Underwriter, and, if in the opinion of the Underwriter or the Agency, or <br />their respective counsel, such event requires the preparation and publication of a supplement or <br />amendment to the Official Statement, the Agency will cooperate in the preparation of such <br />amendment or supplement to the Official Statement in a form and manner approved by the <br />Underwriter, and shall pay all expenses thereby incurred. For the purposes of this subsection, <br />between the date hereof and the date which is 25 days of the End of the Underwriting Period for the <br />Bonds, the Agency will famish such information with respect to itself as the Underwriter may from <br />time to time reasonably request, As used herein, the term "End of the Underwriting Period" means <br />the later of such time as: (i) the Agency delivers the Bonds to the Underwriter; or (ii) the Underwriter <br />does not retain, directly or as a member of an underwriting syndicate, an unsold balance of the Bonds <br />for sale to the public. Notwithstanding the foregoing, unless the Underwriter gives written notice to <br />the contrary, the "End of the Underwriting Period" shall be the date of Closing. <br />3 -97 <br />