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<br /> � 87../����53 =-
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<br /> Section 42 of the Codc or N) evldenc4 Ratlsfactory to the Authoriry has been filed with eaid Authori�ry deinon-
<br /> suating that then has occurred an involuntary noncompliance caused by flre� seizure� requisition, change in
<br />' federal law, action of a federal agency which prevents the Authoriry fram enforcing this Agreement or �
<br /> condemnation or similar event. Notwithstanding tha foregoing. this Agreement shall not terminate by reason
<br /> of the aforementloned foreclosure, uaasfer of title by deed in lieu of foreclosure or other aimilar event or if
<br /> the Owner or any Aelated Person or any person wlth whom the Owaer has had family or business ties obtains
<br /> ownershlp inte�rest in the Project for fed.eral tax pnrposes during th� period in which the restricdnns of this
<br /> Agreement are or would be in effect.
<br /> Section 11. No Co�lfct With Other Dbcuments. The Owner warrants that it has not executed and will
<br /> not execute any oth�r agr�ement vvith provisions contradictory to,or ia ogposition w,the grovisions hereof and
<br /> that, in any event, the requirements of this ARreement are paramount and controUing as to the rIghts and
<br /> obligations herein set forth and supersede any other requirements in coaflict herein.
<br /> Section 12. .Fees, Relaase and Indemn�cation. The Owner agrees to pay the Authorlry as an
<br /> application fee a nonrefundable fee, the greater of l,9b of the annual credit requested or $500. The Owner
<br /> agrxs to pay t�e Authority a� a reservationlcotnmianent fee the greater of 2� of the annual credit amount
<br /> received or S500. In addidon, the Owner agrees to gay the Authority an allocation fee of 29b of the annual
<br /> credit alloaated and an annual fee e9ua1 to the greater of 29b of the anuual credit allocated or$500. Any
<br /> extraordina�y legal fees incurred by the Authority with respoct to the Prnject will be paid by the Owuer. Tl�
<br /> Owner bereby agtees to pay, indemnify and hold the Authorlty harmless &om any and all costs,expenses and
<br /> fees,including all reasonable attorneys'fees which may be incurred by the Authority in enforcing or attempting
<br /> � ����� � �i.xement, includinx. but not limited to (a) in the event that the vario�s reports are not
<br /> submitted as required henw�der and the Authority cc�nducts an on-site inspection of the awncr`s book and
<br /> rec�nrds and(b) following any default on the part of the Owt�r henwider or its successors, whether the same
<br /> shall be enforced by suit or otherwise, togethex with all costs, fees and expenses which may be incurred in
<br /> canne�don with eay amendment to this Agrcement or otlierwise by t�e Authorlty at tlfee request of th�Owner
<br /> (including, but cat limited to�the reasonable feos and expenses of the Authodty's counsel in connecdon with
<br /> any opinion to be rcnderod hereuader). The Owner agrees W releasc the Authority from any claim, loss,
<br /> demai�d or judgment as a result of the allocation of tax credit dollars to the Project or the recapwre of same
<br /> by the Inxernal Revenue Service. ancl to indemnifY the Authority for any claim, loss, demand or judgment
<br /> against the Authority as the nsult of an aUocation of tax cre�it dollars to the Project or the rxapture of same
<br /> by the lnternal Revenue ServicC. .
<br /> Section 13. S�veroblltly. The invalidity of any claiise, pact or provision of this Agreement shall not
<br /> affxt the valid'sty of the remaining portions theneof.
<br /> Section 14. Noh'ces. All notices to be given pursuant to this Agreement shall be in writing and shall
<br /> be deemod given when mailed by certified or registered mail, retttm receiPt nquested,to the parties hereto at
<br /> the addresses set forth below,or to such other place as a party may from time to time designate in writing:
<br /> Owner: to the name and address set forth on the Summary Page hereof. � �
<br /> ousma.x
<br /> 11
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