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(xv) Receipt of Phase I Environmental Site Assessments prepared by
<br /> Professional Service Industries, Inc. ("Environmental Consultant") for the site of each of
<br /> the School Facilities;
<br /> (xvi) Receipt of reliance and consent letter(s) from the Environmental
<br /> Consultant addressed to the Underwriter,which shall be satisfactory to the Underwriter;
<br /> (xvii) Such additional legal opinions, certificates, proceedings, agreements,
<br /> instruments and other documents as the Underwriter, Underwriter's Counsel, or Bond
<br /> Counsel may reasonably request to evidence compliance with any legal requirements, to
<br /> provide such additional assurances as the Underwriter may request,the truth and accuracy,
<br /> as of the time of Closing, of any representations given and the due performance or
<br /> satisfaction at or prior to such time of all agreements then to be performed and all
<br /> conditions then to be satisfied as conditions precedent to the issuance of the Series 2022
<br /> Bonds.
<br /> If the Issuer, the Company, or the Charter School shall be unable for any reason to satisfy the
<br /> conditions of the Underwriter's obligations contained in this Bond Purchase Agreement or if the
<br /> Underwriter's obligations shall be terminated for any reason permitted by this Bond Purchase Agreement,
<br /> this Bond Purchase Agreement shall terminate and neither the Underwriter, the Issuer, the Company nor
<br /> the Charter School shall have any further obligations or liability hereunder, except that the respective
<br /> obligations of the Issuer,the Company,the Charter School and the Underwriter set forth in Section 8 hereof
<br /> shall continue in full force and effect.
<br /> 7. Amendments to Official Statement. After the date of the Official Statement and so long
<br /> as the Underwriter is offering the Series 2022 Bonds which constitute the whole or a part of their unsold
<br /> participations, the Issuer, the Company or the Charter School will (a) not adopt any amendment of or
<br /> supplement to the Official Statement without the prior written consent of the Underwriter, and(b) during
<br /> such period or for forty-five(45)days from the date of the Closing,whichever is earlier,if any event relating
<br /> to or affecting the Official Statement shall occur as a result of which, in the reasonable judgment of the
<br /> Underwriter, it is necessary to amend or supplement the Official Statement in order to make the Official
<br /> Statement not misleading in light of the circumstances existing at the time it is delivered to a purchaser,
<br /> forthwith prepare and furnish to the Underwriter,at the expense of the Charter School,a reasonable number
<br /> of copies of an amendment of or supplement to the Official Statement (in form and substance satisfactory
<br /> to Underwriter's Counsel)which will amend or supplement the Official Statement so that it will not contain
<br /> any untrue statement of a material fact or omit to state a material fact necessary in order to make the
<br /> statements therein, in light of the circumstances existing at the time the Official Statement is delivered to a
<br /> purchaser,not misleading. For the purposes of,and during the period of time provided by this Section,the
<br /> Issuer, the Company and the Charter School will furnish, or cause to be furnished, such information with
<br /> respect to itself as the Underwriter may from time to time reasonably request. The Issuer's responsibilities
<br /> under this paragraph are limited to the Issuer Portion of the Official Statement.
<br /> 8. Payment of Expenses.
<br /> (a) Upon and subject to the issuance, sale and delivery of the Series 2022 Bonds by the Issuer,
<br /> the Company agrees to pay either directly or, to the extent permitted under federal tax law as determined
<br /> by Bond Counsel, from the proceeds of the Series 2022 Bonds, all expenses and costs to effect the
<br /> authorization, preparation, issuance, delivery and sale of the Series 2022 Bonds, the terms of which have
<br /> all been previously agreed to and specified in separate agreements, including, without limitation, (i) the
<br /> Underwriter's discount of$[ ] for the Series 2022 Bonds, (ii)miscellaneous out-of-pocket fees and
<br /> expenses of the Underwriter incurred with respect to the Series 2022 Bonds,(iii)the fees and disbursements
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