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ings and adopt certain legislation prior to the issuance of such <br />Economic Development Revenue Bonds; and <br />WHEREAS, it is the desire of the Issuer that the increased <br />number of jobs and employment opportunity and diversification of <br />industry resulting from the Facility be provided at the earliest date <br />possible and that the benefit to the economic welfare in the area of <br />the Issuer produced by such acquisition, construction and installation <br />occur at the earliest possible time; <br />W I T N E S S E T H: <br />1. The Company shall immediately commence the acquisition, <br />construction, and installation of the Facility, which will improve <br />the economic welfare of the Issuer and State of Indiana, as well as <br />provide additional jobs and employment opportunities and diversifica- <br />tion of industry and the Company will provide, or cause to be pro- <br />vided, at its own expense, the necessary interim financing to permit <br />such acquisition, construction and installation to commence immediate- <br />ly. Upon the issuance of the Bonds, the Issuer will enter into an <br />agreement (the "Financing Agreement ") with respect to the Project and <br />the financing therefor with the Company. The Financing Agreement <br />shall be in the form of a loan agreement whereby the Issuer will make <br />a loan to provide funds to finance such acquisition, construction and <br />installation. The Financing Agreement shall contain such terms and <br />conditions as provided or permitted under the Act and desired by the <br />purchaser of the Bonds; provided, however, that the Financing Agree- <br />ment shall require payments sufficient to pay the principal of and <br />premium, if any, and interest on the Bonds. In order to secure the <br />payment of the principal of and premium, if any, and interest on the <br />Bonds, the parties hereto agree that the Facility will be subject to <br />a first mortgage in favor of the holder of the Bonds with such terms <br />and conditions as may be provided or permitted under the Act. Upon <br />request of the purchaser or purchasers of the Bonds, the Company shall <br />give the holder of the Bonds a guaranty of the full and prompt payment <br />of the principal of and premium, if any, and interest on the Bonds. <br />The Issuer shall not have any financial responsibility with respect <br />�AI <br />