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99 �� 85 � land and buildings have been financed by obligations which are exempt from tax pursuant to Section 103 and such obligations are taken into account under Section 146 and principal payments on such financings are being applied within a reasonable period to redeem such obligations. (fl The Borrower(and any Affiliated Party) will not take or omit to take, as is applicable,any action if such action or omission would in any way cause the proceeds of the Mortgage Loan to be applied in a manner contrary to the requirements of this Regulatory Agreement,nor will it take or omit to take any such action if the Borrower(or any Affiliated Party)knows that such action or omission may cause the proceeds from the sale of the Bonds to be applied in a manner contrary to the Indenture, this Regulatory Agreement, the Financing Agreement,the Act or the Code. (g) The Borrower shall evidence the Completion Date by providing a certificate to the Trustee and the Issuer,signed by the Authorized Borrower Representative,stating the total cost of the Project and identifying the total Qualified Project Costs and further stating that(i) construction of the Project has been completed substantially in accordance with the plans,specifications and work orders therefor,and all labor,services,materials and supplies used in construction have been paid for and (ii) all other facilities necessary in connection with the Project have been acquired, constructed and installed substantially in accordance with the plans and specifications and work orders therefor and all costs and expenses incurred in connection therewith have been paid. Notwithstanding the foregoing, such certificate may state that it is given without prejudice to any rights of the Borrower against third parties for the payment of any amount not then due and payable which exist at the date of such certificate or which may subsequently exist. '; The foregoing certificate evidencing the Completion Date shall be delivered to the Trustee no later than the date 36 months from the Closing Date unless the Borrower delivers to the Trustee a certificate of the Issuer approving an extension of such date, accompanied by an opinion of Bond Counsel to the effect that such extension is not likely to result in interest on the Bonds being included in gross income for federal income t� purposes. (h) In the event the Mortgage Loan should be insufficient to pay such costs of the Project in full,the Issuer shall be under no obligation to provide for payment of any costs of completing the Project. (i) The Borrower further agrees to spend additional moneys for payment of any costs of the Project sufficient to ensure that the portion of Bond proceeds (i) spent on land is no more than 25%of the amount spent for all purposes and(ii)spent on Qualified Project ; Costs is at least 97% of the amount spent for all purposes except that, upon receipt by the Borrower, each Trustee and the Issuer of an approving opinion of Bond Counsel, the percentage of such amounts so used may be 95% and Costs of Issuance complies with the percentages set forth in paragraph(d) above. 11