BOND PURCHASE AGREEMENT AND LOAN AGREEMENTBond Purchase Agreement and Loan Agreement • September 22nd, 2021
Contract Type FiledSeptember 22nd, 2021Purchase Agreement”), dated as of September 1, 2021, by and among (i) NASSAU COUNTY LOCAL ECONOMIC ASSISTANCE CORPORATION, a not-for-profit corporation duly organized and existing under the laws of the State of New York having its principal office at One West Street, Mineola, NY 11501 (the “Issuer”), (ii) PORTLEDGE SCHOOL, a New York not-for-profit education corporation and an organization described in Section 501(c)(3) of the Internal Revenue Code of 1986, as amended (the “Code”), which is exempt from federal income taxation pursuant to Section 509(a)(1) and 170(b)(1)(A)(ii) of the Code, having an office at 355 Duck Pond Road, Locust Valley, New York 11560 (the “Institution”) and (iii) THE FIRST NATIONAL BANK OF LONG ISLAND, a national banking association organized and existing under the laws of the United States of America, having an office at 670 Glen Cove Avenue, Glen Head, N.Y. 11545 (“Purchaser” or “The First National Bank of Long Island”).