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. . . " section 3. The form of Bond Purchase Agreement among the Agency, the Authority and the Underwriter, on file with the Secretary of the Agency and incorporated into this Resolution by reference, is hereby approved. The Executive Director of the Agency is hereby authorized and directed, for and in the name of and on behalf of the Agency, to accept the offer of the Authority and the Underwriter to purchase the Series 1993 Bonds as reflected in the Bond Purchase Agreement; and to execute and deliver one or more Bond Purchase Agreements in substantially the form on file with the Secretary of the Agency, with such additions or changes or insertions thereto which the Executive Director may require or approve, such approval to be conclusively evidenced by the execution and delivery thereof. Such changes may include (without limitation) deletion of the Underwriter as party to the Bond Purchase Agreement (and other related changes) in the event that the Authority is to purchase the Series 1993 Bonds using proceeds of bonds to be issued by the Authority and sold to the Underwriter pursuant to a separate bond purchase agreement; provided, that in any case such additions, cþanges or insertions shall specify with respect to the Series 1993 Bonds, an interest rate or rates not in excess of seven percent (7%) (without regard to any Derivative Products); an underwriter's discount or (if sold at par or a premium) an underwriter's fee not in excess of one and one-half percent (1.50%) and an original issue discount not in excess of three percent (3%). LAl-S2228.1 5 40990-9- wwø.q¡ /26/93 .