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<br />ARTICLE 2 <br /> <br />REPRESENTATIONS <br /> <br />SECTION 2.01. REPRESENTATIONS BY THE ISSUER. The Issuer makes the following <br />representations as the basis for its covenants herein: <br /> <br />(a) the Issuer is a duly organized and existing political subdivision under the laws <br />of the State; <br /> <br />(b) in authorizing the loan to finance the Project the Issuer's purpose is, and in <br />its judgment the effect thereof will be, to promote the public welfare by providing facilities <br />for health care services; <br /> <br />( c) the issuance and sale of the Bonds, the execution and delivery of this Loan <br />Agreement and the Indenture, and the performance of all covenants and agreements ofthe <br />Issuer contained in the Bonds, this Loan Agreement and the Indenture, and of all other acts <br />and things required under the Constitution and laws of the State to make the Bonds, this <br />Loan Agreement and the Indenture valid and binding obligations ofthe Issuer in accordance <br />with their terms, are authorized by the Act and have been duly authorized by the Resolution; <br /> <br />(d) under the provisions of the Indenture the Issuer's interest in this Loan <br />Agreement and certain payments due hereunder are pledged and assigned to the Trustee as <br />security for the payment of the principal of and interest and premium, if any, on the Bonds; <br /> <br />(e) no elected public official ofthe Issuer has either a direct or indirect financial <br />interest in this Loan Agreement nor will any elected public official either directly or <br />indirectly benefit financially from this Loan Agreement. <br /> <br />SECTION 2.02. REPRESENT A TIONS BY THE CORPORA TION. The Corporation makes the <br />following representations as the basis for its covenants herein: <br /> <br />(a) the Corporation is a nonprofit corporation duly incorporated, validly existing <br />and in good standing under the laws of the State, and is authorized and qualified to do <br />business in the State, has authority to enter into this Loan Agreement, the Mortgage, the <br />Assignment of Leases and Rents and the Continuing Disclosure Agreement and has duly <br />authorized the execution and delivery of this Loan Agreement; <br /> <br />(b) the execution and delivery of this Loan Agreement, the Mortgage, the <br />Assignment of Leases and Rents and the Continuing Disclosure Agreement, and the <br />consummation of the transactions contemplated thereby, and the fulfillment ofthe terms and <br />conditions thereof, do not and will not conflict with or result in a breach of the Articles of <br />Incorporation, By-laws, any restriction of any agreement or instrument to which the <br /> <br />2-1 <br />