14-20 Cedar Glen Bond Ordinance Addendums

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York or State authorities; or (d) a war involving the United States of America shall have been declared, or any other national or international calamity (including, without limitation, an act of terrorism) shall have occurred, or any conflict involving the armed forces of the United States of America shall have escalated to such a magnitude as to materially affect the Underwriter's ability to market the Bonds; (ii) any litigation shall be instituted, pending or threatened to restrain or enjoin the issuance or sale of the Bonds or in any way contesting or affecting any authority or security for or the validity of the Bonds, or the existence or powers of the Issuer, or (iii) legislation shall have been introduced in or enacted by the Legislature of the State with the purpose or effect, directly or indirectly, of imposing State personal income and municipal income taxes upon interest to be received by any holders of the Bonds, or (iv) any action has been taken by any agency of the United States Government with the purpose or effect, directly or indirectly, of imposing federal income taxation upon interest to be received by any holders of the Bonds or that would, in the Underwriter's reasonable judgment, adversely affect the security for the Bonds. (d) There shall have occurred any change that, in the reasonable judgment of the Underwriter, makes unreasonable or unreliable any of the assumptions upon which (i) yield for purposes of Section 103 of the Code, (ii) payment of debt service on the Bonds or (iii) the basis for the exclusion of interest on the Bonds from gross income for federal income tax purposes, is predicated. Section 10. Expenses. The Underwriter shall pay its own expenses relating to the offering and sale of the Bonds. All other expenses relating to the issuance of the Bonds, including, but not limited to, the Underwriting fee provided in Section 1 hereof; the fees and expenses of counsel to the Underwriter; the initial rating agency fees; the cost of printing the Preliminary Official Statement and the Official Statement; the fees and expenses of Bond Counsel; the Issuer's fee and the fees and expenses of its counsel; and the initial Trustee fees and expenses and expenses of its counsel shall be paid by the Owner on the Closing Date in immediately available funds. Such fees and expenses are estimated on Schedule II hereto. In addition, the Owner shall pay or cause to be paid any and all other costs and expenses in connection with the issuance of the Bonds including, but not limited to, the expenses of counsel to the Owner, and any document recording costs. The Owner shall pay or reimburse the Underwriter for any fees, expenses or costs incurred in connection with the breaking or extending of trades with purchasers of the Bonds or of trades for the purchase of securities for the investment of Bond proceeds as a result of a delay in the Closing Date or a failure to deliver the Bonds, other than a failure caused by the Underwriter's refusal to accept and pay for the Bonds for a reason that is not permitted pursuant to this Bond Purchase Agreement. Section 11. Notices. Any notice or other communication to be given to the Owner or the Issuer under this Bond Purchase Agreement may be given by delivering the same in writing to the Owner or the Issuer, as the case may be, at their respective addresses set forth on the cover page hereto, and any notice or other communication to be given to the Underwriter under this Bond Purchase Agreement may be given by delivering the same in writing to the Underwriter at The Sturges Company, 8787 Bay Colony Drive #1002 Naples, Florida, 34108, Attention: Michael R. Sturges, President. 10