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Purchaser's obligation to purchase said Bonds shall expire if said <br />Bonds are for any reason not available for delivery to the <br />Purchaser by said date unless otherwise agreed to by the Purchaser. <br />The Bonds shall mature on August 1, 1996 and bear interest at a <br />rate of Interest on the Bonds shall be calculated on the <br />basis of twelve (12) thirty -day months for a 360 -day year. <br />2. The Bonds are subject to mandatory redemption through <br />operation of the sinking fund created in and at the price provided <br />for in the Final Bond Resolution on the dates and in the principal <br />amounts as follows: <br />3. The terms of the Bonds are more fully set forth in <br />the Final Bond Resolution, a copy of which is attached hereto, and <br />such terms are incorporated herein by reference. <br />4. Simultaneously with the delivery to the Purchaser <br />of the Bonds, which Bonds shall be substantially in the form set <br />forth in the Final Bond Resolution, the Commission shall furnish <br />to the Purchaser a transcript of proceedings and an opinion of bond <br />counsel satisfactory to the Purchaser. The Commission shall bear <br />the cost of such bond counsel's opinion. <br />5. The Commission shall comply with the rebate <br />requirement of Section 148(f) of the Internal Revenue Code of 1986, <br />as amended, to the extent applicable. <br />6. If any provision of this Purchase Agreement shall <br />for any reason be held to be invalid or unenforceable, the <br />-2- <br />\rlhill \sthbnd\ airport \general \puragr;lh;August 31, 1990 <br />