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77060900v2 <br /> <br /> <br /> 13 <br /> <br />secured or unsecured, direct or contingent. Each of the Borrower and the General Partner has complied <br />with all provisions of such Material Contracts in all material respects, to the extent such contract is <br />applicable to such party, and there exists no default or event which, with the giving of notice or the passage <br />of time, or both, would constitute a default, under any such Material Contract. <br />Section 5.14 Solvency. Each of the Borrower, the Guarantor and the General Partner is and, <br />after giving effect to this Agreement and all other agreements of the Borrower, the Guarantor and the <br />General Partner being entered into on the date of execution and delivery of this Agreement, will be solvent <br />(which for this purpose shall mean that it is able to pay its current debts as they come due). <br />Section 5.15 Full Disclosure. This Agreement, the exhibits hereto and the other documents, <br />certificates, opinions, schedules and statements furnished to the Controlling Person or the Funding Lender <br />by or on behalf of the Borrower, the Guarantor, or the General Partner in connection with the transactions <br />contemplated hereby or by the Funding Loan Documents, do not contain any untrue statement of a material <br />fact with respect to the Borrower, the Guarantor or the General Partner or the Project Facilities and do not <br />omit to state a material fact with respect to the Borrower, the Guarantor or the General Partner or the Project <br />Facilities necessary in order to make the statements contained therein not misleading in light of the <br />circumstances under which they were made. There is no fact known to the Borrower, the Guarantor or the <br />General Partner which materially adversely affects or in the future may adversely affect the business, <br />operations, properties, assets or financial condition of the Borrower, the Guarantor or the General Partner <br />which has not been set forth in this Agreement or in the other documents, certificates, opinions, schedules <br />and statements furnished to the Controlling Person and the Funding Lender on behalf of any such party <br />before the date of execution and delivery of this Agreement in connection with the transactions <br />contemplated hereby. <br />Section 5.16 Funding Loan Documents. Each of the Borrower, the Guarantor and the General <br />Partner has provided the Controlling Person and the Funding Lender with true, correct and complete copies <br />of: (i) all documents executed by the Borrower, the Guarantor or the General Partner in connection with the <br />Governmental Note, including all amendments thereto and compliance reports filed thereunder; (ii) all <br />management and service contracts entered into by the Borrower in connection with the Project Facilities, <br />including all amendments thereto; (iii) all correspondence, if any, relating to the Governmental Note from <br />the Funding Lender, the Governmental Lender, the Securities and Exchange Commission, the Internal <br />Revenue Service or any state or local securities regulatory body or taxing authority or any securities rating <br />agency; and (iv) all documentation, if any, relating to governmental grants, subsidies or loans or any other <br />loans, lines of credit or other subordinate financing (including, without limitation, the Subordinate Debt) <br />relating to the Borrower or the Project Facilities, whether or not secured by the Project Facilities. Each of <br />the representations and warranties on the Borrower’s part made in the Funding Loan Documents to which <br />the Borrower is a party remain true and correct in all material respects and no Default exists under any <br />covenants on the Borrower’s part to perform under the Funding Loan Documents to which the Borrower is <br />a party. <br />Section 5.17 Illegal Activity. No portion of any of the Project Facilities has been or will be <br />acquired, constructed, fixtured, equipped or furnished with proceeds of any illegal activity conducted by <br />the Borrower. <br />Section 5.18 Executive Order 13224. Neither the Borrower, the General Partner nor any Person <br />holding any legal or beneficial interest whatsoever in any of those entities is included in, owned by, <br />controlled by, acting for or on behalf of, providing assistance, support, sponsorship, or services of any kind <br />to, or otherwise associated with any of the persons or entities referred to or described in Executive Order <br />13224 — Blocking Property and Prohibiting Transactions with Persons Who Commit, Threaten to Commit,