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-zs- • <br />make the payment contemplated by paragraph 3.16 of this <br />Agreement in cash or by having the capital expansion fi- <br />nanced by issuance of general obligation bonds. In the <br />event that Western-Utah elects the latter alternative, <br />it is understood and agreed that: <br />(a) The capital expansion will be financed <br />by the issuance of general obligation bonds if and only <br />if such issuance of bonds is approved in accordance with <br />the procedures mandated by federal, state and local law <br />and regulations, and that, in the event the necessary <br />approval(s) for issuance of such bonds cannot be secured, <br />Western-Utah will fulfill its obligation by the making of <br />the cash payment contemplated by paragraph 3.16 of this <br />Agreement. <br />(b) All costs incurred in connection with <br />attempting to secure approval or in connection with <br />securing approval of the general obligation bond issue <br />contemplated by this paragraph shall be borne and paid <br />for by Deseret and western-Utah, through Western-Utah. <br />(c) western-Utah and Deseret, through <br />i9estern-Utah, will pay both principal and interest on <br />that proportionate share of the principal amount of the <br />entire bond issue that is determined by dividing the <br />amount otherwise payable by Western-Utah in accordance <br />with paragraphs 3.16 and 3.17 of this Agreement by the <br />total principal amount of the bond issue and further <br />will guarantee the repayment of principal and interest <br />on the entire bond issue. <br />3.20 Western-Utah and Deseret, through Western- <br />Utah, further agree that, in computing the obligation <br />with respect to the sums payable pursuant to paragraphs <br />