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84~ 005448 Section 2.05 Title and Possession. and enforceable special obligation of the Issuer in accordance with its terms. It is lawfully possessed of the Project and hasttle' full management and control of the Project subject onlytott'l.'e provisions of the Act and the Lease. Title to. theproject:.J.sc vested in the Issuer in fee simple, free from all liens, def&cts' and encumbrances excepting only Permitted Encumbrances. There is no pledge of or lien or charge upon any revenues or income of the Proiect other than Permitted Encumbrances. It is understood that the Issuer has covenanted: to' sell, assign, transfer and convey to the Company all of its right, title and interest in the Project at any time.aft~r payment in full of the Bond, all as provided in Article X of the Lease. After transfer of the Project as provided in ARticle X of the Lease, title to the Project, and all portions thereof, will vest in the Company, and the Company may create any lien on or security interest in the Project. Section 2.06 Payment 9: ~awful Charges. Pursuant to ~h,~ Leas_, the Company has agreed to' pay and d~scharge, from time to time and before' the same become delinquent, all taxes, assessments, governmental charges and claims for rent, royalties, labor, materials or supplies which if unpaid might by law become a lien or charge upon the Project or the revenues and income therefrom or which might interfere with the pledge of and lien on the Mortgaged Property created by this Mortgage, including the revenues and income of the Project, and covenants and security granted herebY1 provided, however, that no such tax, assessment, charge or claims shall be required to be paid so long as the Issuer or the Company shall in good faith contest the validity thereof and provide security satisfactory to the Bondholder against enforcement and for payment thereof. Section 2 It 07 To Complete the Project. It will cause the Company to provide from funds in addition to the proceeds from the sale of the Bond, and from sources which will not jeopardize the security of the Bond, for the prompt completion of the Project pursuant to the Lease. Section 2.08 To Maintain the Project. It will not do or suffer to be done any act or thing wherebv \...Ht:: Project might or could be encumbered or the usefulj;ess thereof impaired, and will at all times cause the Project and the machinery, equipment and site thereof to be maintained, preserved and kept in good condition, repair and working order. -10- u L ..J i \.-"