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85006350
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Last modified
10/18/2011 4:47:08 AM
Creation date
4/1/2008 5:35:35 PM
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DEEDS
Inst Number
85006350
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00 0063-50 <br />ARTICLE VII <br />SPECIAL COVENANTS <br />Section 7.1. No Warranty of Condition or Suitability by <br />Issuer. Issuer makes no warranty, either express or implied as <br />Yo the Project or the condition thereof, or that the Project <br />will be suitable for the purposes or needs of Company or that <br />the moneys which will be paid into the Construction Fund to pay <br />the Eligible Costs of the Project will be sufficient to pay all <br />costs incurred in connection with the Project. <br />Section 7.2. Inspection of Proiect. Company agrees that <br />Trustee and its duly authorized agent and Issuer shall have the <br />right at all reasonable, times to examine and inspect the Pro- <br />ject. Company further agrees that issuer, Trustee and their <br />duly authorized agents shall have such rights of access to the <br />Project as may be reasonably necessary for the proper mainten- <br />ance of the Project in the event of failure of Company to <br />perform its obligations under Section 5.5 hereof. Trustee, <br />Issuer and their duly authorized agents shall also be <br />permitted, at all reasonable times, to examine the books and <br />records of Company with respect to the Project. <br />Section 7.3. Annual Audit, Financial Statements and <br />Reports. Company agrees that it will have its financial <br />statements audited annually by its independent certified public <br />accountant within ninety (90) days after the close of each <br />fiscal year. Within forty -five (45) days after receipt by <br />Company, it shall furnish a copy of the report of audit, or its <br />annual report which includes an auditors opinion, to Trustee, <br />Original Purchaser and any other requesting holder or holders <br />of Bonds outstanding. This requirement may be satisfied by an <br />audit on a consolidated basis of Company and any other <br />corporations included in the consolidated financial statements. <br />Trustee shall distribute to any holder of outstanding Bonds <br />such financial statements to such Bondholders and upon request <br />from Trustee, Company shall furnish to Trustee and Original <br />Purchaser sufficient copies of such material to enable Trustee <br />to make distribution to the Bondholders. <br />Company further agrees that it will furnish to the Trustee <br />and Original Purchaser, promptly upon their becoming available, <br />copies of all financial statements, reports, notices and proxy <br />statements sent by the Company to stockholders, and of all <br />regular and periodic reports filed by the Company with any <br />securities exchange or with the Securities and Exchange <br />Cosratission or any governmental authorities succeeding to any or <br />all of its functions. <br />Section 7.4. Maintenance of Security Interests. Company <br />shall execute all instruments, including financing statements, <br />if any, deemed necessary or advisable in the opinion of <br />-34- <br />L L J <br />L J <br />
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