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�t . ? .. •''+�!' : ' �"!'�'''`''. ':.�I�+- ., �.:i 'tR):f v, .. . . „ f .5 .,' , f ,. . '„":r':itl ' . . .. . . .. • rr, - - -- . . � . ,. � - - � . - �i . . . - . . `, , '.' ' - .t;�. . � �r— �so�� _ ,. .�;�_� �4- .. ' I � •y`u�� ...�as�-_. � (m) that the Owner will not knowingly take or permi� to be taken any actiun � . _N „,,,,,� which would have the effect� directly or indirectly, of subjecting the Owner of the - _--- � Project to noncompljance with Section 42 of the Code and the Regulations; ; _ ^i_ _ . _, (n) that the Owner may sell, transfer ar exchange the entire ProJect at any �:�`��° :�� time, but the Owner shall notlfy in wrlting and obtain the agrcement of any buyer or „ ,,.�:�_-- sucGessor or other person acquiring the Pro)ect or any interest therein that such '`�"-_ acquisition is subject to the requirements of this Agreement. The Owner shall promptiy ��f��;_ notify the Authority of such transfer. This provlsian shall not act to waive any other ��'--_"� � restrtction on such sale, transfer or exchange; and J_ ,= (o) that the Owner (or its property manager with respect to the Project)shall ---_ � attend In each year of the Qualifled Project Period at least one of the property _ management/compliance monitoring sessions sponsored by the Authority. , _ :_ Section 4. Occupancy Restrlctlons. For the purpose of satisfying the requirements of ��"��'� � . Seotion 4?. of the Code, at least for the Qualified Project PerIod, the Owner hereby represents, -_ covenants and agrees as follows: _ � (a) throughout the Quali�ed ProJect Perlod (excluding Dwelling Units not - pre Jiausiy occupt�d}. ai tcasi tttc 1'�pplicable Sei-Aside Per�sntsge of the completed -- _ � Dwelling Units in the Project shall be both a Rent Restricted Unit and occupied solely . �-- by Qualifled Tenants� prior to the satisfaction of which no additIonal units shall be rented . or leased to any other tenants after initial rental occupancy of Dwelling Units by - Quali�ed Tenants. as required by Section 42 of the Cocie. For purpnses of satisfying the -- requirement that not less than the Applicable Set-Aside Percentage of the llwelling Units ,_ be occupied by Qualifled Tenants, no Qualified Tenant shall be denied continued � � cecupancy because, after admission. the Quulified Tenant's family income exceeds the applicable qualifying income level set forth in the de�nition of"Quatified Tenant" herein. _- . The Owner shall at all times during the Quallfled ProJect Periad maintain the percentage -_ requirements of this Agreement by providing the next available units of comparable or _ " smaller size to Quali�ied Tenants as needed to achieve compliance with the foregoing �=,_ � requirements. If necessary, the Owner shall refrain from renting Dwelling Units in the Pro}ect to persons other than Qualifted 'fenants in order to avoid violating the = requirement that at all times during the Quali�ed Project Period at least the Applicable =___ - Set-Aside Percentage of the completed Dwelling Units In the Project shall be both a Rent Restricted Unit and occupied by QualiCied Tenants; , _ � _ • � (b) to obtain and maintain on �le from each Qualified Tenant residing in the -��,�-; Project(which shall be obtained and updated each year during occupancy by such tenant) �'��- ; a copy of such tenant's executed Gerti�cation of Tenant Eligibility and Income ��`'�.:- :;'. - Verification (attached hereto as Exhibit B or in such other form and manner as ma be -- *ti� Y � �`�,�.i-��s�::: . � required by the applicable rules, regulations or policies now or hereafter promulgated by . °':;�;�3�,-�, _ ; the Authority, the Department of the Treasury or the Internal Revenue Service), as well �`��"�. - � , ;v O 1�59592b.1 6 � _ 1 �;_,._ -_-= ...--- - i -- —.l __ _ _ __ _ _ _