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<br />, . <br /> <br />. <br /> <br />. <br /> <br />. <br /> <br />additions or changes or insertions thereto which the Executive <br />Director may require or approve, such approval to be conclusively <br /> <br />evidenced by the execution and delivery thereof. <br /> <br />Such changes <br /> <br />may include (without limitation) deletion of the Underwriter as <br />party to the Bond Purchase Agreement (and other related changes) <br /> <br />in the event that the Authority is to purchase the Series 1994 <br /> <br /> <br />Bonds using proceeds of bonds to be issued by the Authority and <br /> <br />sold to the Underwriter pursuant to a separate bond purchase <br /> <br />agreement; provided, that in any case such additions, changes or <br /> <br />insertions shall specify with respect to the Series 1994 Bonds, <br /> <br />an interest rate or rates not in excess of seven percent (7%> <br /> <br />(without regard to any Derivative Products); an underwriter's <br /> <br />discount or (if sold at par or a premium) an underwriter's fee <br /> <br /> <br />not in excess of one and one-half percent (1.50%) and an original <br /> <br />issue discount not in excess of nine percent (9%). <br /> <br />Section 4. <br /> <br />The form of Refunding Escrow Agreement, on <br /> <br />file with the Secretary of the Agency and incorporated into this <br /> <br />Resolution by reference, is hereby approved. <br /> <br />The Executive <br /> <br />Director of the Agency is hereby authorized and directed, for and <br /> <br />in the name of and on behalf of the Agency, to execute and <br /> <br />deliver such Refunding Escrow Aqreement between the Agency and <br /> <br /> <br />the Escrow Agent, in substantially the form on file with the <br /> <br />Secretary of the Agency, with such additions, changes or <br />insertions thereto which the Executive Director may require or <br /> <br />approve, such approval to be conclusively evidenced by the <br /> <br /> <br />execution and delivery of such Refunding Escrow Agreement. <br /> <br />1A1.40448.1 <br /> <br />5 <br /> <br />4O99G-9- WWB-I2I09/93 <br />