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<br />governmental unit and will be leased to the YV/CA Cass Clay. a North Dakota nonprofit <br />corporation and an organization described in Section 501 (c)(3) of the Code; <br /> <br />(k) there are no actions, suits, or proceedings pending or, to the knowledge of the <br />Corporation, threatened against the Corporation or any propel1y of the Corporation in any <br />court or before any federal. state. municipal or other governmental agency, which, if decided <br />adversely to the Corporation would have a material adverse effect upon the Corporation or <br />upon the business or prope11ies of the Corporation; and the Corporation is not in default with <br />respect to any order of any court or governmental agency; and <br /> <br />(I) the Corporation is not in default in the payment of the principal of or interest <br />on any indebtedness for borrowed money nor in default under any instrument or agreement <br />under and subject to which any indebtedness for borrowed money has been issued. <br /> <br />SECTION 2.03. LENDER MA Y RELY ON REPRESENTATIONS. The Issuer and the <br />Corporation agree that the representations contained in this Article 2 are for the use and benefit of <br />the Lender and Bondholders and the Lender and Bondholders shall be entitled to rely thereon. <br /> <br />(Remainder (?lthis page intentionall.v left blank.) <br /> <br />2-3 <br />