No. 1118 authorizing issuance of bonds on parity with COSB redevelopment district tax increment revenue bonds of 1985, 1986, 1988 for the purpose of raising money for redevelopment in the SBCAA

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5. Simultaneously with the delivery to the Purchaser of the Bonds, which Bonds shall be substantially in the form set low- forth in the Final Bond Resolution, the Commission shall furnish to the Purchaser a transcript of proceedings and an opinion of bond 1 counsel satisfactory to the Purchaser. The Commission shall bear i the cost of such bond counsel's opinion. 6. The Commission shall comply with the rebate requirement of Section 148(f) of the Internal Revenue Code of 1986, as amended, to the extent applicable. 7. If any provision of this Purchase Agreement shall for any reason be held to be invalid or unenforceable, the invalidity or unenforceability of such provision shall not affect any of the remaining provisions of this Purchase Agreement and this Purchase Agreement shall be construed and be in force as if such invalid or unenforceable provisions had not been contained herein. 8. This Purchase Agreement may be executed in one or more counterparts, any of which shall be regarded for all purposes as an original and all of which constitute but one and the same instrument. The Purchaser and the Commission each shall execute any and all documents or other instruments, and take such other actions as may be necessary to give effect to the terms of this Purchase Agreement. 9. No waiver by either the Purchaser or the Commission r of any term or condition of this Purchase Agreement shall be deemed or be construed as a waiver of any other terms or conditions, nor 3