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L. All applicable licenses, permits and bonds required for the performance and
<br />completion of the Project have been, or will be, obtained.
<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
<br />will be, obtained.
<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
<br />managed in compliance with all applicable laws, statutes, rul , , " inances, and regulations
<br />issued by any federal, state, or local political subdivisions. g jurisdiction over the Real
<br />Property and if applicable, Facility.
<br />O. It will fully enforce the terms and
<br />P. It has complied with the
<br />7.23.
<br />Q. It will not, without the prior
<br />Commissioner of Finance, allo voh
<br />encumbrance that can be satis t
<br />actively contested to be created o ox 4
<br />Property or, if applicable, Facility, ot;th
<br />whether such lien or eteumbrance is ih&
<br />however, the State amity
<br />encumbrance ticures ti
<br />or burdenthe'""ds needed
<br />manner speeifi .,� , Sectio
<br />additional real est`
<br />FacaQrdand 1
<br />ipped in paid 0
<br />t} licable, Facili and/or
<br />(Mate the Real Prcfatty a
<br />imgtlunder SectioiO4.
<br />a
<br />R ljpsonably epee
<br />applicable,7ityeiibe
<br />expect to sell stxgvnershi
<br />for
<br />the
<br />Contract.
<br />requirement, if any, 66#4'
<br />.' ied in Section
<br />Tittwk I"t of the State Entity and the
<br />ary liel encumbrance or involuntary lien or
<br />payment"ones and which is not being
<br />ast the PttC Entity's interest in the Real
<br />o tt arty(`' rest in the Use Agreement,
<br />%'subftate to the Declaration. Provided,
<br />O&r of Fin atit a will consent to any such lien or
<br />a loan the repayment of which will not impair
<br />1 Property and, if applicable, Facility in the
<br />Bch the entire amount is used (i) to acquire
<br />lS6rate the Real Property and, if applicable,
<br />its imposed under Section 2.04 and will be
<br />the Public Entity's interest in the Real Property and, if
<br />0, to pay for capital improvements that are needed to so
<br />applicable, Facility in accordance with the requirements
<br />3 to possess the ownership interest in the Real Property and, if
<br />Section 2.02 for the entire useful life thereof, and it does not
<br />interest.
<br />S. It does not reasonably expect to receive payments under a Use Contract in excess
<br />of the amount the Public Entity needs and is authorized to use to pay the operating
<br />expenses of the portion of the Real Property and, if applicable, Facility that is the subject of
<br />the Use Contract or to pay the principal, interest, redemption premiums, and other expenses
<br />on any Approved Debt.
<br />329826v5 CLL NE136-201
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