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2A4 81-- Uu~O~:: Section 405. Lands for Project. The Zssuer covenants that the p.:o~ect is constructed on land in which the Issuer holds a leasehold interest which has been leased by the Issuer for a term extending beyond the final maturity of the Series 1981 Bonds, sufficient for the needs and purposes of the Project, frie from all liens, encumbrances and defects of title except Permitted Encumbrances. Section 406. Reliance on Rectuisitions, Certificates and Opinions. All requisations, certificates and opinions received by the Trustee, as required in this Article as conditions of payment from the Construction Fund, may be relied upon by the Trustee. Section 407. Establishment of Completion Date. The Completion Date shall be established on such date as there shall be delivered to the Trustee a certificate signed by the Project Manager stating that: (a) construction of the Building has been completed substantially in accordance with the plans and specifications therefor and all labor, services, materials, supplies and/or equipment used in such construction have been paid for; (b) all other facilities necessary in connection with the Project have been acquired, constructed and installed substantially in accordance with the plans and specifications therefor and all costs and expenses incurred in connection therewith have been paid; (c) the Lease Equipment has been acquired and installed to his satisfaction, the Leased Equipment so acquired and installed together with any other machinery, equipment and related property provided and installed in the Building or on the Existing Property by the Sublessee is suitable and sufficient for the efficient operation of the Project and all costs and expenses incurred in the acquisition and installation of the Leased Equipment and other machinery, equipment and related property have been paid; and (d} a certificate of occupancy, if required, and any other permissions required of governmental authorities for the occupancy of the Project have been obtained. Upon receipt of such certificate, the balance of the Construction Fund not reserved for the payment of any remaining part of the cost of the Project shall be transferred by the Trustee or deposited by the Issuer with the Trustee, as the case may be, to the credit of the Bond Fund. Notwithstanding the foregoing, such certificate by the Project Manager shall state that it is given without 41 __..1