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7. In anticipation of the approval of the Commissioner of <br />Securities and the issuance of the Bond to finance all or a <br />portion of the Project and in order that completion of the Project <br />will not be unduly delayed when approved, the Borrower is hereby <br />authorized to make such expenditures and advances toward payment <br />of that portion of the costs of the Project to be financed from <br />the proceeds of the Bond as the Borrower considers necessary, in- <br />cluding the use of interim, short-term financing, subject to <br />reimbursement from the proceeds of the Bond if and when delivered, <br />but otherwise without liability on the part of the City. <br /> <br />5 <br /> <br /> <br />