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080384/45311 <br /> 1 . Construction. The Company will be solely responsible <br /> for the acquisition and construction of the Project, and the <br /> Company will provide, or cause to be provided, any necessary <br /> interim financing to permit the acquisition and construction of <br /> the Project to commence and continue expeditiously pending the <br /> issuance of interim and/or permanent Bonds . <br /> 2 . Loan to Company. The Company shall enter into a loan <br /> agreement or agreements (herein called the "Loan Agreement" ) <br /> with the Issuer for the loan to the Company of the proceeds of <br /> the Bonds then issued, and under which the Company will agree <br /> to make periodic payments sufficient to pay the principal of , <br /> premium, if any, and interest on the Bonds . <br /> 3 . Sale of Bonds , Security. The Issuer will use its best <br /> efforts to issue, sell and deliver , pursuant to the terms of <br /> the Act , the Bonds for the purpose of financing the costs of <br /> the Project , in each case only upon receipt of the written <br /> designation by the Company of the purchaser( s) or underwrit- <br /> ers( s) thereof , such Bonds to be in the principal amount , to <br /> mature in such amount and times , to bear interest at such rate <br /> or rates and to be payable on such dates and to have such op- <br /> tional and mandatory redemption features and prices as are <br /> determined by the Board of Directors of the Issuer or any suc- <br /> cessor governing body (the "Board of Directors" ) and approved <br /> in writing by the Company. It is understood by the parties <br /> hereto that reference above to "best efforts to . . . sell" <br /> -3- <br />