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201109462 <br /> Authority deems reasonable upon the Owner. Failure by an Owner to comply with any such <br /> reporting responsibilities shall constitute a violation of this Agreement. <br /> Section 10. Amendment; Termination. Except as set forth in Section 2(e), the <br /> provisions hereof shall not be amended, revised or terminated (except as provided in Section 5 of <br /> this Agreement) prior to the stated term hereof except by an instrument in writing duly executed <br /> by the Authority and the Owner (or its successors in title) and duly recorded. The Authority's <br /> consent to any such amendment, revision or termination, other than a termination pursuant to <br /> Section 5 of this Agreement, shall be given only if (a) there shall be attached to the document <br /> evidencing such amendment, revision or termination an opinion of Owner's counsel satisfactory <br /> to the Authority that such amendment, revision or termination will not result in noncompliance <br /> of the Project or the Owner with Section 42 of the Code or (b) evidence satisfactory to the <br /> Authority has been filed with said Authority demonstrating that there has occurred an <br /> involuntary noncompliance caused by fire, seizure, requisition, change in federal law, action of a <br /> federal agency which prevents the Authority from enforcing this Agreement or condemnation or <br /> similar event. Notwithstanding the foregoing, this Agreement shall not terminate by reason of <br /> the aforementioned foreclosure, transfer of title by deed in lieu of foreclosure or other similar <br /> event or if the Owner or any Related Person or any person with whom the Owner has had family <br /> or business ties obtains ownership interest in the Project for federal tax purposes during the <br /> period in which the restrictions of this Agreement are or would be in effect. <br /> Section 11. No Conflict With Other pocuments. The Owner warrants that it has not <br /> executed and will not execute any other agreement with provisions contradictory to, or in <br /> opposition to, the provisions hereof and that, in any event, the requirements of this Agreement <br /> are paramount and controlling as to the rights and obligations herein set forth and supersede any <br /> other requirements in conflict herein. <br /> Section 12. Fees, Release and Indemni�cation. The Owner agrees to pay the <br /> Authority as an application fee a nonrefundable fee, the greater of 1% of the annual tax credit <br /> requested or $500. The Owner agrees to pay the Authority as a reservation/commitment fee the <br /> greater of 2% of the annual tax credit amount received or $500. In addition, the Owner agrees to <br /> pay the Authority an allocation fee of 2°Io of the annual credit allocated and an annual fee equal <br /> to the greater of 2% of the annual tax credit allocated or $500. Any extraordinary legal fees <br /> incurred by the Authority with respect to the Project will be paid by the Owner. The Owner <br /> hereby agrees to pay, indemnify and hold the Authority harmless from any and all costs, <br /> expenses and fees, including all reasonable attorneys' fees which may be incurred by the <br /> Authority in enforcing or attempting to enforce this Agreement, including, but not limited to <br /> (i) in the event that the various reports are not submitted as required hereunder and the Authority <br /> conducts an on-site inspection of the Owner's book and records and (ii) following any default on <br /> the part of the Owner hereunder or its successors, whether the same shall be enforced by suit or <br /> otherwise, together with all costs, fees and expenses which may be incurred in connection with <br /> any amendment to this Agreement or otherwise by the Authority at the request of the Owner <br /> (including, but not limited to, the reasonable fees and expenses of the Authority's counsel in <br /> connection with any opinion to be rendered hereunder). The Owner agrees to release the <br /> Authority from any claim, loss, demand or judgment as a result of the allocation of tax credit <br /> dollars to the Project or the recapture of same by the IRS and to indemnify the Authority for any <br /> claim, loss, demand or judgment against the Authority as the result of an allocation of tax credit <br /> dollars to the Project or the recapture of same by the IlZS. <br />