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<br />ARTICLE 7 <br /> <br />CORPORA TION'S COVENANTS <br /> <br />SECTION 7.01. COVENANTS FOR BENEFIT OF LENDER AND HOLDERS OF BONDS. The <br />Corporation recognizes the authority of the Issuer to assign its interest in and pledge monies <br />receivable under this Loan Agreement (other than certain payments required to be made to the Issuer <br />under Sections 4.03, 7.03 and 9.04 hereof) to the Lender as security for the payment of the principal <br />of and interest and redemption premiums. if any, on the Bonds, and the payment of all fees and <br />expenses of the Lender. Each of the terms and provisions of this Loan Agreement is a covenant for <br />the use and benefit of the Lender so long as any principal or interest due on the Bonds shall remain <br />outstanding; but upon payment in full of the Bonds all references in this Loan Agreement to the <br />Bonds and the Lender shall be ineffective. and the Lender shall not thereafter have any rights <br />hereunder. save and except those that shall have theretofore vested. <br /> <br />SECTION 7.02. INSPECTION AND ACCESS. The Corporation agrees that the Lender, and its <br />duly authorized agents shall have the right at all reasonable times to examine and inspect the <br />Facilities. and shall have such rights of aceess thereto as may reasonably be necessary in order to <br />satisfY it that the provisions of this Loan Agreement are being complied with. and further, to have <br />access thereto sufficient to cause the Facilities to be properly maintained in accordance with Article <br />5 in the event of failure by the Corporation to perform its obligations thereunder. <br /> <br />SECTION 7.03. INDEMNITY. The Corporation will pay, and will protect, indemnify, and <br />save the Issuer and Lender and their officers, agents, employees and any person who controls the <br />Issuer or Lender within the meaning of the Securities Act of 1933, harmless. from and against all <br />liabilities, losses, damages, costs, expenses (including attorneys' fees). causes of action, suits. <br />claims. demands, and judgments of any nature arising from: <br /> <br />(0) any injury to or death of any person growing out of or connected with the use. <br />non-use, or condition of the Facilities or a part thereof; including any and all acts or <br />operations relating to the renovation or installation ofprope11y or the Project. The foregoing <br />indemnification obligations shall not be limited in any \vay by any limitation on the amount <br />or type of damages, compensation or benefits payable by or for the Corporation, customers. <br />suppliers or affiliated organizations under any Workers' Compensation Acts, Disability <br />Benefit Acts or other employees benefit acts; <br /> <br />(b) <br />the Issuer; <br /> <br />violation of any agreement or condition of this Loan Agreement. except by <br /> <br />(c) violation of any contract, agreement, or restriction by the Corporation relating <br />to the Facilities which shall have existed at the commencement of the term of this Loan <br />Agreement; <br /> <br />(d) violation of any law. ordinance, or regulation affecting the Facilities or a part <br />thereof or the ownership, occupancy. or use thereof; and <br /> <br />7-1 <br /> <br />_Ill.. IJ~r.iIIl'liI'.. .". <br />