1. MIDA Bond Hospice of Red River Valley
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1. MIDA Bond Hospice of Red River Valley
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<br />Indenture is satisfied and discharged in accordance with its terms, this Loan Agreement may not be <br />effectively amended, changed, modified, altered, or terminated without the written consent of the <br />Trustee. <br /> <br />SECTION 11.05. AMOUNTS REMAINING IN FUNDS. Except during the continuance of an <br />Event of Default, any amounts remaining in the Funds created under Article V ofthe Indenture upon <br />expiration or earlier termination of this Loan Agreement, as provided herein, and after adequate <br />provision has been made for payment in full of the Bonds, in accordance with Section 3.2 of the <br />Indenture, any additional charges payable to the Trustee and the Issuer, including Paying Agent's <br />fees and expenses, and all other amounts required to be paid under this Loan Agreement, the <br />Indenture, the Mortgage or the Assignment of Leases and Rents, shall forthwith be paid to the <br />Corporation. <br /> <br />SECTION 11.06. EXECUTION IN COUNTERPARTS. This Loan Agreement may be <br />simultaneously executed in several counterparts, each of which shall be an original and all of which <br />shall constitute but one and the same instrument. <br /> <br />SECTION 11.07. REOUlRED ApPROVALS. Consents and approvals required by this Loan <br />Agreement to be obtained from the Corporation, the Issuer or the Trustee shall be in writing and shall <br />not be unreasonably withheld or delayed. <br /> <br />SECTION 11.08. LIMITATION ON MUNICIPALITY LIABILITY. No agreements or provisions <br />contained in this Loan Agreement nor any agreement, covenant or undertaking by the Issuer <br />contained in any document executed by the Issuer in connection with the Facilities shall give rise to <br />any pecuniary liability of the Issuer or a charge against its general credit or taxing powers, or shall <br />obligate the Issuer financially in any way except with respect to the Facilities and the application of <br />revenue therefrom and the proceeds ofthe Bonds. No failure ofthe Issuer to comply with any term, <br />condition, covenant or agreement herein shall subject the Issuer to liability for any claim for <br />damages, costs or other financial or pecuniary charge except to the extent that the same can be paid <br />or recovered from the Facilities or revenues therefrom or proceeds of the Bonds; and no execution <br />of any claim, demand, cause of action or judgment shall be levied upon or collected from the general <br />credit, general funds or taxing powers of the Issuer. Nothing herein shall preclude a proper party in <br />interest from seeking and obtaining specific performance against the Issuer for any failure to comply <br />with any term, condition, covenant or agreement herein; provided, that no costs, expenses or other <br />monetary relief shall be recoverable from the Issuer except as may be payable from the Facilities or <br />its revenues. <br /> <br />SECTION 11.09. REPRESENT A TIONS OF CORPORA TION. All representations made in this <br />Loan Agreement by the Corporation are based on the Corporation's independent investigation of the <br />facts and law, and accordingly no such representations are made in reliance upon any representations <br />made or legal advice given by the Issuer, its Bond Counsel, or any of its agent, officers or employees. <br /> <br />11-2 <br />
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