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J. The contemplated use of the Real Property and, if applicable, Facility will not vio-
<br />late any applicable zoning or use statute, ordinance, building code, rule or regulation, or any
<br />covenant or agreement of record relating thereto.
<br />K. The Project has been or will be completed in full compliance with all applicable
<br />laws, statutes, rules, ordinances, and regulations issued by any federal, state, or local politi-
<br />cal subdivisions having jurisdiction over the Project.
<br />L. All applicable licenses, permits and bonds required for the performance and com-
<br />pletion of the Project have been, or will be, obtained.
<br />M. All applicable licenses, permits and bonds required for the operation of the Real
<br />Property and, if applicable, Facility in the manner specified in Section 2.04 have been, or
<br />will be, obtained.
<br />N. It will operate, maintain, and manage the Real Property and, if applicable, Facility
<br />or cause the Real Property and, if applicable, Facility, to be operated, maintained and man-
<br />aged in compliance with all applicable laws, statutes, rules, ordinances, and regulations is-
<br />sued by any federal, state, or local political subdivisions having jurisdiction over the Real
<br />Property and, if applicable, Facility.
<br />O. It will fully enforce the terms and conditions contained in any Use Contract.
<br />P. It has complied with the matching funds requirement, if any, contained in Section
<br />7.23.
<br />Q. It will not, without the prior written consent of the Council and the Commissioner
<br />of MMB, allow any voluntary lien or encumbrance or involuntary lien or encumbrance that
<br />can be satisfied by the payment of monies and which is not being actively contested to be
<br />created or exist against the Public Entity’s ownership interest in the Real Property or, if ap-
<br />plicable, Facility, or the Counterparty’s interest in the Use Contract, whether such lien or en-
<br />cumbrance is superior or subordinate to the Declaration. Provided, however, the Council
<br />and the Commissioner of MMB will consent to any such lien or encumbrance that secures
<br />the repayment of a loan the repayment of which will not impair or burden the funds needed
<br />to operate the Real Property and, if applicable, Facility in the manner specified in Section
<br />2.04, and for which the entire amount is used (i) to acquire additional real estate that is
<br />needed to so operate the Real Property and, if applicable, Facility in accordance with the re-
<br />quirements imposed under Section 2.04 and will be included in and as part of the Public En-
<br />tity’s ownership interest in the Real Property and, if applicable, Facility, and/or (ii) to pay
<br />for capital improvements that are needed to so operate the Real Property and, if applicable,
<br />Facility in accordance with the requirements imposed under Section 2.04.
<br />R. It reasonably expects to possess the ownership interest in the Real Property and, if
<br />applicable, Facility described Section 2.02 for the entire Useful Life of the Real Property
<br />and, if applicable, Facility, and it does not expect to sell such ownership interest.
<br />S. It does not reasonably expect to receive payments under a Use Contract in excess
<br />of the amount the Public Entity needs and is authorized to use to pay the operating expenses
<br />of the portion of the Real Property and, if applicable, Facility that is the subject of the Use
<br />Contract or to pay the principal, interest, redemption premiums, and other expenses on any
<br />Approved Debt.
<br />T. It will supply, or cause to be supplied, whatever funds are needed above and be-
<br />yond the amount of the Program Grant to complete and fully pay for the Project.
<br />Generic GO Bond Proceeds
<br />Grant Agreement for Program End Grants 9 Ver – 10/26/20
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