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Issuer shall cause to be delivered to the Underwriter opinions of Bond Counsel dated the date of Closing as
<br /> provided in Section 6(d)(i)below.
<br /> 6. Conditions Precedent. The Underwriter has entered into this Bond Purchase Agreement
<br /> in reliance upon: (i) the representations, warranties and agreements of the Issuer contained in this Bond
<br /> Purchase Agreement and in the Indenture,the Loan Agreement,and the Resolution;(ii)the representations,
<br /> warranties and agreements of the Company contained in this Bond Purchase Agreement and in the other
<br /> Company Documents; (iii)the representations,warranties and agreements of the Charter School contained
<br /> in this Bond Purchase Agreement and in the other Charter School Documents; and(iv)the performance by
<br /> the Issuer,the Company, and the Charter School of their obligations under this Bond Purchase Agreement,
<br /> if any, and under the above-mentioned documents, both as of the date hereof and as of the date of the
<br /> Closing. The Underwriter's obligation under this Bond Purchase Agreement is and shall be subject to the
<br /> following further conditions:
<br /> (a) The representations and warranties of the Issuer, the Company, and the Charter
<br /> School contained herein shall be true, complete and correct on the date of acceptance hereof and
<br /> on and as of the date of the Closing with the same effect as if made on the date of the Closing.
<br /> (b) At the time of the Closing, the Official Statement, the Resolution, the Indenture,
<br /> the Company Documents, and the Charter School Documents shall be in full force and effect, shall
<br /> each be in form and substance acceptable to the Underwriter in all respects,and shall not have been
<br /> amended, modified or supplemented except as may have been agreed to in writing by the
<br /> Underwriter; the Issuer shall have duly adopted and there shall be in full force and effect such
<br /> Resolution,and entered into such agreements,as,in the opinion of Bond Counsel and in the opinion
<br /> of Ballard Spahr LLP,counsel to the Underwriter(the"Underwriter's Counsel"),shall be necessary
<br /> in connection with the transactions contemplated hereby or the documentation of security for the
<br /> Series 2022 Bonds.
<br /> (c) The Underwriter may terminate this Bond Purchase Agreement by notification in
<br /> writing to the Issuer, the Company and the Charter School if at any time subsequent to the date
<br /> hereof and at or prior to the Closing: (A) legislation shall be enacted by, or favorably reported out
<br /> of committee to, either House of the Congress of the United States of America, or a decision by a
<br /> court of the United States of America shall be rendered, or a regulation or ruling shall be issued or
<br /> proposed by or on behalf of the Treasury Department, the Internal Revenue Service of the United
<br /> States, or any other agency of the Federal government having jurisdiction, or a release or official
<br /> statement shall be issued by the Treasury Department, the Internal Revenue Service of the United
<br /> States, or any other agency of the Federal government having jurisdiction,with respect to Federal
<br /> taxation upon interest received on obligations of the character of the Series 2022A Bonds, which,
<br /> in the reasonable judgment of the Underwriter, adversely affects the market for the Series 2022
<br /> Bonds or the sale,at the contemplated offering prices,by the Underwriter of the Series 2022 Bonds;
<br /> or(B)a stop order,ruling,regulation,proposed regulation or statement by or on behalf of the U.S.
<br /> Securities and Exchange Commission is issued or made to the effect that the issuance, offering,
<br /> sale or distribution of obligations of the character of the Series 2022 Bonds is in violation of any
<br /> provisions of the Securities Act of 1933, as amended (the "1933 Act"), or of the Trust Indenture
<br /> Act of 1939, as amended (the "1939 Act"); or (C) the Congress of the United States of America
<br /> shall enact a law, or a bill is favorably reported out of committee of either House, or a decision by
<br /> a court of the United States of America is rendered, or a ruling, regulation,proposed regulation or
<br /> statement by or on behalf of the U.S. Securities and Exchange Commission or any other agency of
<br /> the Federal government having jurisdiction of the subject matter is made,to the effect that securities
<br /> of the Issuer or of any similar public body are not exempt from the registration, qualification or
<br /> other requirements of the 1933 Act or the 1939 Act; or(D)the United States of America becomes
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