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(c) Neither the City of Orono, Minnesota(the "City"), the Orono Housing and <br /> Redevelopment Authority (the "HRA") nor its counsel shall be deemed to have made any <br /> representations with respect to the Note or the Development Agreement or tax increment <br /> financing district referred to therein as of any date, except as expressly provided in the Note <br /> or the Development Agreement. <br /> (d) The Purchaser has obtained and has read and reviewed such documents, <br /> instruments and information related to the issuance of the Note as the Purchaser has <br /> requested from the City and the HRA. The Purchaser has also reviewed such other <br /> information as requested and has been provided an opportunity to ask questions of, and has <br /> received answers from, representatives of the City and the HRA regarding the terms and <br /> conditions of the Note. We understand that the Note is payable solely from certain tax <br /> increment pledged to the payment thereof and understand that such tax increment may not be <br /> sufficient to pay stated principal of and interest on the Note and that there may be other risks <br /> in such an investment which are not described therein. <br /> (e) The undersigned is a duly appointed, qualified and acting officer or <br /> representative of the Purchaser and authorized to make the certifications, representations and <br /> warranties contained herein and the purchase of the Note constitutes a lawful investment of <br /> the Purchaser. <br /> (f) The Purchaser acknowledges that the City, the HRA, the members of their <br /> respective governing bodies and their officers (each individually an "Issuer Party" and <br /> collectively the "Issuer Parties") have not undertaken to furnish information to the Purchaser <br /> or to ascertain the accuracy or completeness of any information that may have been furnished <br /> to the Purchaser by or on behalf of the City, the HRA or the prior holder of the Note relating <br /> to the tax increment pledged to payment of the Note and that none of the Issuer Parties have <br /> made any representations concerning the accuracy or completeness of any information <br /> supplied to the Purchaser or relating to the security for the Note. The Purchaser hereby <br /> waives any requirements of due diligence in investigation or inquiry on the part of any Issuer <br /> Parties and all claims, actions, or causes of action which the Purchaser may have directly or <br /> indirectly from or relating to any action which the Issuer Parties took or could have taken, in <br /> connection with the issuance and sale of the Note to the Purchaser. <br /> IN WITNESS WHEREOF, I have hereunder set my hand the day of , <br /> Name: <br /> Title: <br /> F-2 <br />