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J. The contemplated use of the Real Property will not violate any applicable zoning or <br /> use statute, ordinance, building code, rule or regulation, or any covenant or agreement of record <br /> re.lating thereto. � <br /> K. The Project has been or will be completed in full compliance with all applicable laws, <br /> rules, ordinances, and regulations issued by any federal, state, or Iocal political subdivisions having <br /> . jurisdiction over the Project. <br /> L. All applicable licenses, permits and bonds required for the performance and <br /> completion of the Project have been, or will be, obtained. <br /> M. It has complied with the matching funds requirement contained in Section 6.20. <br /> , N. It will not, without the prior written consent of the DNR and the Commissioner of <br /> MI��, allow any voluntary lien or encumbrance or involuntary lien or encumbrance that can be <br /> satisfied by the payment of monies and which is not being actively contested to be created or exist <br /> against the Public Entity's ownership interest in the Real Property, whather such lien or <br /> encumbrance is su erior or sub <br /> ordinate to <br /> p the Declaration if a licable . <br /> � <br /> PP ) <br /> O. It reasonably expects to possess the ownership interest in the Real Property described <br /> in Section 2.02 for the entire Useful Life of the Real Property, and it does not expect to sell such <br /> ownership interest. <br /> P. It will supply whatever funds are needed above and beyond the amount of the Progam <br /> Grant to complete and fully pay for the Project. <br /> Q. For that portion of the Real Property (if any) as to which the State Entity or the Public <br /> Entity has received a waiver from MIvvIB of the requirement that the Public Entity record a <br /> Declaration pursuant to Section 6.02(b) of the Commissioner's Order, the Public Entity will <br /> promptly execute a Certification and deliver a copy thereof to the DNR and to M1V1B (attention: <br /> Capital Budget Coordinator). For that portion of the Real Property {if any), as to which the Public <br /> Entity has not received a waiver from MMB of the requirement that it record a Declaration, it has or <br /> will promptly record a fully executed Declaration with the appropriate governmental office and <br /> deliver a copy thereof to the DNR and to MIvIB that contains all of the recording information. � <br /> R. It shall furnish such satisfactory evidence regarding the representations and warranties <br /> ' descrihed herein as may be required a��d requested by either the DNR or the Commissioner of <br /> MIlv1B. <br /> Section 2.05 Events of Default. The following events shall, unless waived in writing by the DNR <br /> . . <br /> . <br /> and the Commissioner of T�IlVIB, constrtute an Event of Default under this Agreement upon either the <br /> DNR or the Commissioner of MIvvIB giving the Public Entity 30 days written notice of such event and the <br /> Public Entity's failure to cure such event during such 30 day time period for those Events of Default that <br /> can be cured within 30 days or within whatever time period is needed to cure those Events of Default that <br /> cannot be cured within 30 days as long as the Public Entity is using its best efforts to cure and is making <br /> reasonable progress in curing such Events of Default, however, in no event shall the time period to cure <br /> any Event of Default exceed 6 months unless otherwise consented to, in writing, by the DNR and the <br /> Commissioner of MMB. . <br /> A. If any representation, covenant, or warran made b the Public Enti in this <br /> tY Y <br /> Ty <br /> Agreement, in any other document furnished pursuant to this Agreement, or in order to induce the <br /> 5 <br /> 26 . <br />