COM 1109.000 2020-2022 - Laserfiche WebLink

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or any part of the 2022 Bonds. However, the Investor may sell the 2022 Bonds at any time the Investor deems appropriate, subject to the transfer restrictions set forth in the 2022 Bonds and in the Indenture. The Investor understands that it may need to bear the risks of this investment for an indefinite time, since there is no established market for the 2022 Bonds, none is expected to develop, and hence any resale of the 2022 Bonds, or any portion thereof, prior to maturity may not be possible. The Investor understands that the 2022 Bonds will be issued only in Authorized Denominations, and confirms that it will not allocate any 2022 Bonds to accounts in violation of such limitations; and (B)to the extent the Investor is purchasing the 2022 Bonds not on its own behalf but in its capacity as investment adviser to beneficial owners of separately managed accounts, such accounts will solely be for investors which meet the qualifications for investors as set forth in the Indenture and as described in Section 2 of this Investor Letter. The Investor understands that Stifel, Nicolaus & Company, Incorporated, as underwriter of the 2022 Bonds (the "Underwriter") will not facilitate the establishment of such accounts and that the 2022 Bonds will be issued only in Authorized Denominations, and confirms that it will not facilitate the deposit of the 2022 Bonds into accounts in violation of such limitations. 4. The Investor understands that the 2022 Bonds are not, and are not intended to be, registered under the Securities Act and that such registration is not legally required as of the date hereof, and further understands that the 2022 Bonds (a) are not being registered or otherwise qualified for sale under the "Blue Sky" laws and regulations of any state, (b) will not be listed in any stock or other securities exchange, (c) will not carry a rating from any rating agency, and (d) will be delivered in a form that may not be readily marketable. 5. The Investor has been supplied with, and has reviewed, a copy of the Offering Document for the 2022 Bonds. The Investor has had the opportunity to ask questions of and receive answers from the Issuer concerning its purchase of the 2022 Bonds and all matters relating thereto, and has received from the Issuer any additional information it deemed necessary in its decision to purchase the 2022 Bonds. The Investor acknowledges and agrees that neither the Issuer nor the Underwriter has made any representations to the Investor other than as set forth in the Offering Document. The Offering Document speaks only as of its date. 6. The Investor acknowledges and understands that the 2022 Bonds are a speculative investment and that investing in the 2022 Bonds is subject to a high degree of risk, including the risks described in the Offering Document. The Investor understands that such risks may adversely affect the timely and full payment of principal and interest on the 2022 Bonds. The Investor represents that it can bear the economic risks associated with investing in the 2022 Bonds, including that it is capable of sufferinga loss of the entiretyof its investment represented bythe 2022 Bonds. P p 7. The Investor acknowledges and agrees that the Underwriter and the Issuer take no responsibility for, and make no representation to, the Investor or any subsequent purchaser, with regard to any sale,transfer or other disposition of the 2022 Bonds, or any interest therein, in violation of the provisions of the Indenture, or any securities law or income tax law consequences thereof. The Investor also acknowledges that, with respect to the Issuer's obligations and liabilities, the Investor is solely responsible for compliance with the sales restrictions on the 2022 Bonds in connection with any subsequent transfer of the 2022 Bonds made by the Investor. 8. THE INVESTOR ACKNOWLEDGES THAT THE 2022 BONDS ARE LIMITED OBLIGATIONS OF THE COUNTY PAYABLE SOLELY FROM THE SPECIAL TAXES AND AMOUNTS ON DEPOSIT IN THE SPECIAL TAX FUND (OTHER THAN AMOUNTS IN THE ADMINISTRATIVE EXPENSE ACCOUNT OF THE SPECIAL TAX FUND), AND THAT