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<br />Generic GO Bond Proceeds 12 Ver – 10/26/2020
<br />Grant Agreement for Construction Grants
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<br />I. Neither the execution and delivery of this Agreement, the Declaration, or any
<br />document referred to herein nor compliance with any of the terms, conditions, requirements, or
<br />provisions contained in any of such documents is prevented by, is a breach of, or will result in
<br />a breach of, any term, condition, or provision of any agreement or document to which it is now
<br />a party or by which it is bound.
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<br />J. The contemplated use of the Real Property and, if applicable, Facility will not
<br />violate any applicable zoning or use statute, ordinance, building code, rule or regulation, or any
<br />covenant or agreement of record relating thereto.
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<br />K. The Project will be completed in full compliance with all applicable laws, statutes,
<br />rules, ordinances, and regulations issued by any federal, state, or local political subdivisions
<br />having jurisdiction over the Project.
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<br />L. All applicable licenses, permits and bonds required for the performance and
<br />completion of the Project have been, or will be, obtained.
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<br />M. All applicable licenses, permits and bonds required for the operation of the Real
<br />Property and, if applicable, Facility in the manner specified in Section 2.04 have been, or will
<br />be, obtained.
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<br />N. It will operate, maintain, and manage the Real Property and, if applicable, Facility
<br />or cause the Real Property and, if applicable, Facility, to be operated, maintained and managed
<br />in compliance with all applicable laws, statutes, rules, ordinances, and regulations issued by any
<br />federal, state, or local political subdivisions having jurisdiction over the Real Property and, if
<br />applicable, Facility.
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<br />O. It will fully enforce the terms and conditions contained in any Use Contract.
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<br />P. It has complied with the matching funds requirement, if any, contained in Section
<br />7.23.
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<br />Q. It will not, without the prior written consent of the State Entity and the
<br />Commissioner of MMB, allow any voluntary lien or encumbrance or involuntary lien or
<br />encumbrance that can be satisfied by the payment of monies and which is not being actively
<br />contested to be created or exist against the Public Entity’s ownership interest in the Real
<br />Property or, if applicable, Facility, or the Counterparty’s interest in the Use Contract, whether
<br />such lien or encumbrance is superior or subordinate to the Declaration. Provided, however, the
<br />State Entity and the Commissioner of MMB will consent to any such lien or encumbrance that
<br />secures the repayment of a loan the repayment of which will not impair or burden the funds
<br />needed to operate the Real Property and, if applicable, Facility in the manner specified in
<br />Section 2.04, and for which the entire amount is used (i) to acquire additional real estate that is
<br />needed to so operate the Real Property and, if applicable, Facility in accordance with the
<br />requirements imposed under Section 2.04 and will be included in and as part of the Public
<br />Entity’s ownership interest in the Real Property and, if applicable, Facility, and/or (ii) to pay
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