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zoloo�s�� would give rise to a Recapture Event, af which, in either event, it shall become aware of. Upon the giving af notice to thc awner, the Authority shall also provide copies af any su.�h notice(s) to the Tax Credit Inrrestor. The failur� of the Autharity to provide natice as herein required shall npt reliev� the Owner of any obligation hereunder or prevent the declacativn or occurrence of a Recapture Event, nor shall it serve to relieve the Owner of any of the cansequences thereof. Section 6.4. Prese�'vat�on of, Ris�bt� and Remedies Any action und�r this Articic VI will not limit or deprive the Authority or the Treasury fram exercising any other ri�;hts and remedies that they have under law ar equity, or any rights and remedies provided herein with respect to Events af Default. ARTICLE VII REPRESENTATIONS ANU WARRANTTES Section 7.1. Re r sentations Warranties �nd Covenants otthe Owner The Owner heceby represents, warrants and covenants to the Authority that the following are true and correct as of Closing and will be true and correct on the due date of each disbursement o�'the Subaward, and as applicable, throughout the Compliance Period: (a) The Owner is and shall continue to be duly organized, validly �xisting and in good standings under the laws of the state of its organization and has full power and autharity to perform its obligations ur�der this A$reement. (b) No litigatian, demand, investigation, claim or proceeding against the Qwn�r or any other litigation or proceeding directly affecting the Project is pending or, to the best knowledge af the Qwner, threatened, b�fore any caurt, administrative agency or other Governmental Authority that would, if adversely determined, have a material adverse effect on th� Qwt�er or the construction, use and aperakion of the Project. (c) No default by the Owner or any affiliate ther�of having any relationship witi�, the Project has occuned ar is eontinuing (nar has there occurred any continuing event which, with the giving of notice ox the passage of time or both, would constitute such a default in any material respect) under any of the financing dacuments for the Project or other docwmez�,t� or ianstruments governing khe dev�lppment, use, occupancy and operation af the Project. (d) All material building, zonin�, health, safety, business and other applicable certificates, permits and licenses necessary to p�rmit the construction, use, occupaticy and operatian of the Pr�oject have been ar will, at the time required, be obtained and maintained (other than, prior to completion ofcanstruction of the Project or a specified portion thereof, such as ar� issuable only upan completion of construction or such specified partian thereot); a�d the 4wner has not recei�ved any notice or has any knowledge of any violahon with respect to the Project of any law, rulc, regulation, order or decree of any Governmental Authority having jwisdictian which would have a material advcrse effect on the Project or the canstruction, use or occupancy thereof, except for vialations which have been cured or can be cured wittun any applicable curc period, and are in the process of being cured, and notices or citations which have _ �3 _ 4848-2332-1094_2