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99 �06�5 � and the Issuer is unable to present a qualified contract,one year after the date the written request was submitted to the Issuer. (ii) Notwithstanding subsection (b)(i) above, the Section 42 rent requirements shall continue for a period of three years following the termination of this Regulatory Agreement. During such three-year period,the Borrower shall not evict or terminate the tenancy of an existing tenant of any low-income Dwelling Unit other than for material violation of a customary lease provision or for other good cause and shall not increase the gross rent above the maximum allowed under the Code with respect to such low-income Dwelling Unit. (c) Notwithstanding the foregoing,the provisions of Section 7 hereof shall,in the case of the Trustee,survive the term of this Regulatory Agreement or the replacement of the Trustee, but only as to claims arising from events occurring during the term of this Regulatory Agreement or the Trustee's tenure as Trustee under the Indenture, and shall, in the case of the Issuer, survive the term of this Regulatory Agreement,but only as to claims arising from events occurring during the term of this Regulatory Agreement. (d) The terms of this Regulatory Agreement to the contrary notwithstanding,the requirements set forth herein shall terminate and be of no further force and effect in the event of involuntarily noncompliance with the provisions of this Regulatory Agreement caused by fire,seizure,requisition,foreclosure or transfer of title by deed in lieu of foreclosure,change in a federal law or an action of a federal agency which prevents the Issuer or the Trustee from enforcing the provisions hereof, or condemnation or a similar event, but only if, within a reasonable period thereafter, either the portion of the Bonds attributable to the Project is retired or amounts received as a consequence of such event are used to provide a project which meets the requirements of the Code set forth in Sections 2 through 5 of this Regulatory Agreement and, in each such case of involuntary compliance, an approving opinion of Bond Counsel is delivered. The provisions of the preceding sentence shall cease to apply and the requirements referred to therein shall be reinstated if,at any time during the Qualified Project Period(Bonds) or Qualified Project Period (LIHTC), as applicable, after the termination of such requirements as a result of involuntary noncompliance due to foreclosure,transfer of title by deed in lieu of foreclosure or similar event,the Borrower or any related person (within the meaning of Section 147(a)(2) of the Code) obtains an ownership interest in the Project for tax purposes. The Borrower hereby agrees that, following any foreclosure, transfer of title by deed in lieu of foreclosure or similar event, neither the Borrower nor any related person as described above will obtain an ownership interest in the Project for tax purposes. (e) Upon the termination of the terms of this Regulatory Agreement,the parties hereto agree to execute,deliver and record appropriate instruments of release and discharge of the terms hereof(which shall be prepared,completed and recorded at the expense of the Borrower);provided,however,that the execution and delivery of such instruments shall not be necessary or a prerequisite to the termination of this Regulatory Agreement in accordance with its terms. 25