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(d) It will take such further action and adopt such proceedings as may be required to implement its undertakings hereunder. 4. General Provisions. (a) Since it is anticipated that the Acquisition of the Project will commence prior to the sale of the bonds and the Company knows and acknowledges that the Authority will have no funds available to meet the costs of the Project other than those derived from the sale of bonds, the Company agrees that it will advance from time to time all funds necessary for the Acquisi- tion of the Project, and such funds when so advanced shall be deemed funds advanced on behalf of the Author- ity; provided, however, that the Authority shall not by virtue of such advances or otherwise through this Memorandum of Agreement acquire any property interest iD the Project whatsoever. To the extent that the net proceeds derived from the sale of the bonds are suffi- cient for such purpose, the Authority agrees to repay from such net proceeds to the Company all funds so advanced promptly after the sale of the bonds. (b) The Authority and the Company agree that the Company shall provide all services incident to the Acquisition of the Project, including, without kimita~ tion, the preparation of plans, specifications and contract documents, the award of contracts, the inspec- tion and supervision of work performed, the employment of engineers, architects, builders and other contrac- tors, and the provision of money to pay the costs thereof pending reimbhrsement by the Authority from such bond proceeds, and the Authority shall ~ave no responsibility for any provision of any such services. (c) All commitments of the Authority and of the Company pursuant to this Memorandum of Agreement are subject to the condition that on or before 365 days from the date hereof (or such later date as 'shall be mutually satisfactory ~o the Authority and the Com- pany), the Authority and the Company shall have agreed to mutually acceptable terms for the bonds and the sale and delivery thereof and mutually acceptable ~erms and conditions for the agreements referred to in Section 3(c) and the proceedings referred to in Sections 2 and 3 hereof. (d) If the events set forth in paragraph (c) of this Section do not take place within the time set forth or any extension thereof, the Company agrees that it will reimburse the Authority for all reasonable out-of-pocket expenses, arising from the execution of this Memorandum of Agreement and the performance by the - 4 -