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WS 08-24-2010
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WS 08-24-2010
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T. It will supply, or cause to be supplied, whatever funds are needed above and <br />beyond the amount of the Grant to complete and fully pay for the Project. <br />U. It shall furnish such satisfactory evidence regarding the representations and <br />warranties described herein as may be required and requested by either the State Entity or <br />the Commissioner of Finance. <br />Section 2.06 Easement for Real Estate. <br />A. An Easement for the Real Property must comply <br />I. It must be in form and contents <br />Commissioner of Finance, and specifically st <br />amended, changed in any way, or prematti <br />prior written consent and authorization <br />Finance. Those parts of easements or `si <br />parts of the Facility that lie within th t-oi <br />form and content satisfactory to the Sta" ti <br />provisions. <br />the State Entity and the <br />kt be modified, restated, <br />Vancelled without the <br />Entity an AkSommissioner of <br />interest in <br />Y for those <br />must be in <br />2. If it is just fort al Property, t t must be for a term that is equal to <br />or greater than 125% of thtt�p r;: hfe of the ity or such other period of time <br />specifically authorized by a 1ltmnestYElute, rule <br />the Facility is twenty-four ye& Thi session law. The useful life of <br />Facility. J' at is /° of the useful life of the <br />3 payme to be e under it by the Public Entity, whether <br />meas rent or It t ty other rr <br />payment }ner, must be by way of a single lump sum <br />t due au <br />t121e on tho {e that it is first made and entered into. <br />IM <br />SWR It mttdf ltdtµ contain any *uirements or obligations of the Public Entity <br />that if n6 tt plie dy could result to a termination thereof. <br />5 It m conta�,provision that provides sufficient authority to allow the <br />11 <br />�blic Entity to} , if applicable, Facility in accordance <br />Prate the Real Property andWthe require s imposed under Section 2.04. <br />w*T Z -,,,It r(€ U$t' not contain any provisions that would limit or impair the Public <br />Entity's t5 l bn of the Real Property and, if applicable, Facility in accordance with <br />the regturelrients imposed under Section 2.04. <br />7. It must contain a provision that prohibits the Lessor from creating or <br />allowing, without the prior written consent of the State Entity and the Commissioner <br />of Finance, any voluntary lien or encumbrance or involuntary lien or encumbrance <br />that can be satisfied by the payment of monies and which is not being actively <br />contested against the Leased Premises or the Lessor's interest in the Real <br />Property/Facility Lease, whether such lien or encumbrance is superior or subordinate <br />329826v5 CLL NEI 36-201 10 <br />
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