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202406660 in accordance with the Contract. The proceeds of the Loan shall only be used for eligible expenses as allowed by the Contract. Section 4.05 Project Occupancy Requirements. For purposes of this Project, the property manager will be Full Circle Services, Inc. , an affiliate of Borrower. Borrower, Guarantor and Full Circle Services will be responsible for ensuring tenants will be qualified tenants (seven of the 44 units shall have tenant income eligibility for households at or below 120% of the Area Median Income of Hall County) as described in the Contract throughout the Affordability Period ("Affordability Restrictions"). Section 4.06 Compliance with the Contract. Borrower (a) shall take all actions necessary to insure that Lender is able to comply with all of the terms of the Contract, including but not limited to, providing the Lender with all information, data and materials necessary for the Lender to perform the Lender's obligations under the Contract, (b) shall comply, and shall cause all of Borrower's applicable affiliates to comply, with all of the terms and conditions of the Contract as if Borrower and its affiliates were the "Recipient" under the Contract, and (c) agrees that Borrower and its affiliates shall complete the construction of the Project within the timelines provided in the Contract and shall use the Matching Contribution and the NAHTF funds (other than the administrative funding and housing management fees) solely to construct the Project. Section 4.07 Books and Records. Borrower shall set up and maintain accurate and complete books, accounts and records pertaining to the Project in a manner reasonably acceptable to Lender. Borrower will permit representatives of Lender to have free access to and to inspect and copy all books, records and contracts of Borrower relating to the Project upon reasonable advance notice to Borrower. Any such inspection on behalf of Lender shall be for the sole benefit and protection of Lender, and Lender shall have no obligation to disclose the results thereof to Borrower or to any third parties; provided, however, that if such inspection shall serve as the basis for the refusal by Lender to Advance any Loan proceeds, Lender shall disclose to the Borrower the results of such inspection. Section 4.08 Negative Covenants of the Borrower. From the date hereof and thereafter for so long as the Borrower is indebted to the Lender, the Borrower will not take any action that will cause Lender to be in default on the Contract or be in default under any law, rule, regulation, order, writ, judgment, injunction, decree, determination or award or any indenture, agreement, lease or instrument by which it of the Project is bound. Section 4.09 Compliance. The Borrower shall assist the Lender with all compliance matters relating to the Contract, including but not limit to reimbursement and reporting requirements. This obligation of the Borrower shall terminate upon the earlier of: (i) the termination of the Contract; and (ii) the expiration of the Affordability Period. ARTICLE 5 EVENTS OF DEFAULT Section 5.01 Events of Default. The Borrower shall be in default under the Loan Documents upon the occurrence of any of the following events ("Events of Default"):