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Attachment C <br />(f) Within the six (6) month period preceding the Delivery Date, \[other than the <br />BorrowerÓs acquisition of a portion of the Land on _____________, 20__, and interests in <br />real property set forth in the Easement on ___________, 20__\] the Borrower has not acquired <br />the Project or any interest therein, nor has the Borrower transferred or acquired any capital interest <br />in the owner of the Project. The Borrower shall not cause or permit the Project, or any interest <br />therein, to be sold, assigned, or transferred, except as provided in the Financing Documents, and <br />shall not sell the Project or any interest therein or in its ownership structure for a period of six (6) <br />months following the Delivery Date. Notwithstanding the foregoing, nothing herein or under the <br />Financing Documents shall preclude the BorrowerÓs limited partners from transferring their <br />respective interest to an affiliate. <br />(g) There is no action, suit, proceeding, inquiry or investigation pending or, to the <br />BorrowerÓs knowledge, threatened against or affecting the Borrower or any of its properties <br />(including, without limitation, the Project), which, if adversely determined, would (i) impair the <br />right of the Borrower to carry on its business substantially as now conducted and as contemplated <br />by the Financing Documents, (ii) adversely affect the financial condition of the Borrower, (iii) <br />prohibit, restrain or enjoin the making of the Funding Loan or the Project Loan, the redemption of <br />the Prior Note, or the execution and delivery of any of the Financing Documents, (iv) adversely <br />affect the validity or enforceability of any of the Financing Documents, or (v) adversely affect the <br />exclusion from gross income for federal income tax purposes of interest on the Governmental <br />Note. <br />(h) The Project and the operation of the Project (in the manner contemplated by the <br />Financing Documents) conform and, following completion of the construction and equipping of <br />the Project, will continue to conform in all material respects with the requirements of the Act as <br />well as all applicable zoning, planning, building and environmental laws, ordinances and <br />regulations of governmental authorities having jurisdiction over the Project. <br />(i) The Borrower has filed or caused to be filed all federal, state and local tax returns <br />which are required to be filed or has obtained appropriate extensions therefor, and has paid or <br />caused to be paid all taxes as shown on said returns or on any assessment received by it, to the <br />extent that such taxes have become due. <br />(j) The Borrower is not in default in the performance, observance or fulfillment of any <br />of the obligations, covenants or conditions contained in any agreement or instrument to which it <br />is a party which default would adversely affect the transactions contemplated by the Financing <br />Documents or the operations of the Borrower or the enforceability of the Financing Documents to <br />which the Borrower is a party or the ability of the Borrower to perform all obligations thereunder. <br />(k) The Borrower agrees to pay all costs of maintenance and repair, all Taxes and <br />assessments, insurance premiums (including public liability insurance and insurance against <br />damage to or destruction of the Project) concerning or in any way related to the Project, or any <br />part thereof, and any expenses or renewals thereof, and any other governmental charges and <br />impositions whatsoever, foreseen or unforeseen, and all utility and other charges and assessments <br />concerning or in any way related to the Project. <br /> 8 <br />12502464v3 <br /> <br />