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04-26-2023 Council Packet
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04-26-2023 Council Packet
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77060900v2 <br /> <br /> <br /> 12 <br /> <br />to attach a lien to any of the Borrower’s, the General Partner’s or any ERISA Affiliate’s property as a result <br />of failure to comply with ERISA or as a result of the termination of any employee pension plan covered by <br />Title IV of ERISA. Each employee pension plan (as defined in Section 3(2) of ERISA) maintained for <br />employees of the Borrower, the General Partner or any ERISA Affiliate which is intended to be qualified <br />under Section 401 (a) of the Code, including all amendments to such plan or to any trust agreement, group <br />annuity or insurance contract or other governing instrument, is the subject of a favorable determination by <br />the Internal Revenue Service with respect to its qualification under Section 401(a) of the Code. With respect <br />to any multi-employer pension plan (as defined in Section 3(37) of ERISA) to which the Borrower, the <br />General Partner or any ERISA Affiliate is or has been required to contribute after September 25, 1980, (i) <br />no withdrawal liability (within the meaning of Section 4201 of ERISA) has been incurred by the Borrower, <br />the General Partner or any ERISA Affiliate, (ii) no withdrawal liability has been asserted against the <br />Borrower, the General Partner or any ERISA Affiliate by a sponsor or an agent of a sponsor of any such <br />multi-employer plan, (iii) no such multi-employer pension plan is in reorganization (as defined in Section <br />4241(a) of ERISA), and (iv) neither the Borrower, the General Partner nor any ERISA Affiliate has any <br />unfilled obligation to contribute to any such multi-employer pension plan. As used in this Agreement, <br />“ERISA Affiliate” means (i) any corporation included with the Borrower or the General Partner in a <br />controlled group of corporations within the meaning of Section 414(b) of the Code, (ii) any trade or business <br />(whether or not incorporated or for-profit) which is under common control with the Borrower, or the <br />General Partner within the meaning of Section 414(c) of the Code, (iii) any member of an affiliated service <br />group of which the Borrower, or the General Partner is a member within the meaning of Section 414(m) of <br />the Code, and (iv) any other entity treated as being under common control with the Borrower or the General <br />Partner under Section 414(o) of the Code. <br />Section 5.12 Environmental Representations. Except as set forth on the Environmental Audit <br />delivered to the Controlling Person (a) the Borrower has no knowledge of any activity at the Project <br />Facilities, or any storage, treatment or disposal of any Hazardous Substances connected with any activity <br />at the Project Facilities, which has been conducted, or is being conducted, in violation of any Environmental <br />Law; (b) the Borrower has no knowledge of any of the following which could give rise to material liabilities, <br />material costs for remediation or a material adverse change in the business, operations, assets, condition <br />(financial or otherwise) or prospects of the Borrower: (i) Contamination present at the Project Facilities, <br />(ii) polychlorinated biphenyls present at the Project Facilities, (iii) asbestos or materials containing asbestos <br />present at the Project Facilities, (iv) urea formaldehyde foam insulation present at the Project Facilities, or <br />(v) lead-based paint at the Project Facilities; (c) no portion of the Project Facilities constitutes an <br />Environmentally Sensitive Area; (d) the Borrower has no knowledge of any investigation of the Project <br />Facilities for the presence of radon; (e) no tanks presently or formerly used for the storage of any liquid or <br />gas above or below ground are present at any of the Project Facilities; (f) no condition, activity or conduct <br />exists on or in connection with the Project Facilities which constitutes a violation of Environmental Laws; <br />(g) no notice has been issued by any Governmental Authority to the Borrower or the General Partner <br />identifying the Borrower or the General Partner as a potentially responsible party under any Environmental <br />Laws; (h) there exists no investigation, action, proceeding or claim by any Governmental Authority or by <br />any third party which could result in any liability, penalty, sanctions or judgment under any Environmental <br />Laws with respect to the Project Facilities; and (i) the Borrower is not required to obtain any permit or <br />approval from any Governmental Authority or need notify any Governmental Authority pursuant to any <br />Environmental Law with regard to the construction of the Project Facilities. <br />Section 5.13 Outstanding Obligations and Material Contracts. Attached hereto as Schedule 2 is <br />(i) a complete list of all Obligations of the Borrower and the General Partner as of the date of execution and <br />delivery hereof, together with a description of the instruments evidenc ing, governing or securing such <br />obligations (provided that no description need be provided of the Obligations hereunder) and (ii) a complete <br />list of all other Material Contracts. There exists no default under any such instrument. Except for the <br />obligations listed on Schedule 2, neither the Borrower nor the General Partner has incurred any Obligations,
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