Laserfiche WebLink
<br />(}) the Corporation covenants that all property provided with the proceeds ofthe <br />Bonds will be owned (as ownership is determined for purposes of federal income taxation) <br />by an organization described in Section 501(c)(3) of the Code or by a State or local <br />governmental unit; <br /> <br />(k) there are no actions, suits, or proceedings pending or, to the knowledge ofthe <br />Corporation, threatened against the Corporation or any property 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 properties ofthe 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 MAY 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 of this page intentionally left blank.) <br /> <br />2-3 <br />