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<br /> . Sectton 10. Ameadment; TerminwNon. The pmvisions hQreo�shall not be amended, -
<br /> ; revised or terminated(except as provided!n SecNon 5 of thia Agreement)prior to the atated term '
<br /> � i hereof except by an instrument in wrlting duly executed by the Authorety�nd the Owner(or its =
<br /> • ' succ�asors in title)and duly recorded. The Authority's consent to any aueh amendment,revision =
<br /> � �r ternunstio�,o4her than a teimination pursusnt to Section S of thia Agce�ment, shall be given '
<br /> •�'�`� only if (a)there shall be attached to the document evIdenciaB such amendment, revision or
<br /> ,,��� tennination an opinion of Owner's counsel sadsfactory to the Authon�ty t�at such amendment,
<br /> �� revision or terminadon will not result in noncompliance of the Pr�jcat or the Owner with
<br /> ' ..� � Section 42 of the Code or (b)evidence satiafactory to the Authority has been filed with said
<br /> �, Authority demonstrating that there has accucred an involuntary noncarapliance causcd by fire, �
<br /> _ , 3' seizure. requisition, change in federal law, action of a fedc�ral agenay which prevents the
<br /> "° Authority from.enforcing ttus Agreemsnt or condemnation or similar even� Notwithstanding tha
<br />-'o� �; • foregoing, tl�is Agreement shall not teraiinate by reason of the aforem6ntioned forecIosure,
<br /> _,�a �"' transfer of title by deed in lieu of foreelosure or other similar event ar if the Owner or any
<br /> .: �� „ � Related Person or any person with whom the Owner has had family or buainess ties obtains
<br /> �" ownershi mterest in We Pro'ect far fedcral tax
<br /> P � J P�Poses during ths pariod in wluch the .
<br />`-�-„�> � r�lricrions of ttris Agreement are or would be in effec�
<br />';�;;,,.,^;-; SectTton li. No CoAtaIct With Ot6er posuments. The Owner wan�nts that it has not
<br /> . executed and will not execute any other agresment with provisions eontradictory to, or in
<br />`::°�.~�"�:�' opposivan to,the provisions hereof and that, in any event,.l�e requirenrecats of t}us Agreement
<br />�:::�.,;�.,_, are paramount and controlling as to 4he righta and obligations 4�erein sBt forth�nd supersede any
<br />-"u_;�`, ;: �� other requirements in conAiat herein.
<br />::,Js�+`M ;
<br /> `-=y-=�='►'-; Sectton iZ. Fees, Release �d Indemnitication. Th� Owner agrees ts� pay the
<br /> _�T,w::;-��,-r- Aut�ority as an application fee a t�c�fundable tee, the greatar of 1% of the a�x►ual credit .
<br /> :'�_'�=��:.%-�� a�q�ested or$500. T����er agrees zo pay the Authoritgr.as a reservatioz�/commihnent fee tkto
<br /> _-_�.v,:
<br /> �`'="�"��� :;�qrea7er of 2%of the aaau��.t�dit amount received.ar$5Q00.�In addition,4he Oa+ner agrees to pay
<br /> -���'—"�=� the Authority an allocatioa�ee of 2%of the annual�credit ellacated and an annrial fea equal to tho.
<br /> ---�i=���� , g�eater of 2%4�'.the anuual credit alloaated on$SQO.,. Any ex�raordinary legal fees�incurred by
<br /> _-�_-��� the Authority�c�th respect to the Projsct will�be paid�by the Owner. The Owner hereby agrees to .
<br /> -°_-�"�i��� p�y, indcnanifj► and hold.the Authority hannless 8rom any and all costs, expenses and fees,
<br /> �`-'�''��COZ'i includin aU reasonable attome ' fces which ma be ineurred b the Auichori
<br /> .�-���ss�� � Y8 Y Y tY in enforcing or
<br /> - --�,� attempting to enforce tlus .Rgreement, includ.ing, but not limited to (i)in the eveat that the
<br /> -=-=--- .�arious rep�rts are not submitted as requii+ed hereunder and the Authority conducts an on-sflte -
<br /> __�.,� a�p�tion of the Owner's book and records and (ii) following any defkult on the part of the
<br /> --�:.� �vaer hereuader or its successors, whether the same shall be enfezced by suit c�r �►�erwi�, , �
<br /> -�-��---- • tvgcther with all costs, fees and expenses which m�y be inciured in coimection with any
<br /> -__---� ' ' amendment to.tius .Agreement or otheruvise by the Autherity at the request of!he Owner
<br /> 6==� � � (including, liut e�ot limited to, the reasonable fees and expepses of the Authorlty's counsel in � �
<br /> -'- .="`�`� �on�ecrion writh any opinion to be rendered heramder). The Owner agrees to release th�
<br /> --_=- Auth�aity frora aay claim, loss.demand or judgment as a result of the allocation of tax credit�
<br /> �;_�,� dollare to the�ject or the recapture af serae by the Interaal Revenue Servic�,and to indemnify
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