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2020_0518_CCPacket
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2020_0518_CCPacket
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Roseville City Council
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Council Agenda/Packets
Meeting Date
5/18/2020
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Attachment C <br />governmental authority, other than those already obtained, is required for the due execution and <br />delivery by the Governmental Lender of, and performance by the Governmental Lender of its <br />obligations under, the Financing Documents. <br />(g) There is no action, suit, proceeding, inquiry or investigation pending or, to the <br />knowledge of the Governmental Lender, threatened against the Governmental Lender by or before <br />any court, governmental agency or public board or body, nor, to the Governmental LenderÓs <br />knowledge, is there any basis therefor, which (i) affects or questions the existence or the territorial <br />jurisdiction of the Governmental Lender or the title to office of any member of the governing body <br />of the Governmental Lender; (ii) affects or seeks to prohibit, restrain or enjoin the execution and <br />delivery of any Financing Documents or the issuance, sale, execution or delivery of the <br />Governmental Note or the redemption of the Prior Note; (iii) affects or questions the validity or <br />enforceability of the Governmental Note or any Financing Document; (iv) questions the <br />tax-exempt status of interest earned on the Governmental Note; or (v) questions the power or <br />authority of the Governmental Lender to perform its obligations under the Governmental Note or <br />any Financing Document, or to carry out the transactions contemplated by the Governmental Note <br />and the Financing Documents. <br />(h) No officer or other official of the Governmental Lender has any personal financial <br />interest in the Project or the Borrower or in the transactions contemplated by this Project Loan <br />Agreement. <br />(i) Upon the discovery by the Governmental Lender of any noncompliance by the <br />Borrower with this Project Loan Agreement, the Tax Certificate or the Tax Regulatory Agreement, <br />the Governmental Lender will promptly notify the Fiscal Agent, the Servicer, the Funding Lender <br />Representative and during the Construction Phase, the Financial Monitor of such noncompliance. <br />It is expressly acknowledged that the Governmental Lender makes no representation as to <br />the financial position or business condition of the Borrower and does not represent or warrant as <br />to any of the statements, materials (financial or otherwise), representations or certifications <br />furnished or to be made and furnished by the Borrower in connection with the issuance, sale, <br />execution and delivery of the Governmental Note, or as to the correctness, completeness or <br />accuracy of such statements. <br />Section 2.02 Representations, Warranties and Covenants of the Borrower. The <br />Borrower makes the following representations, warranties and covenants, all of which, together <br />with the other representations and agreements of the Borrower contained in this Project Loan <br />Agreement, are relied upon by the Governmental Lender, the Funding Lender, the Servicer, the <br />Financial Monitor and the Fiscal Agent and serve as a basis for the undertakings of the <br />Governmental Lender, the Servicer, the Financial Monitor and the Fiscal Agent contained in this <br />Project Loan Agreement: <br />(a) The Borrower is a limited liability limited partnership duly organized, validly <br />existing and in good standing under the laws of the state in which it has been organized and is duly <br />qualified to conduct its business under the laws of the State and in every other state in which the <br />nature of its business requires such qualification, has full legal right, power and authority to enter <br /> 6 <br />12502464v3 <br /> <br />
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