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05-27-2026 Council Packet
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05-27-2026 Council Packet
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6/12/2026 8:22:05 PM
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6/12/2026 8:14:07 PM
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<br /> ii <br />Little Canada-Lupe - Borrower Loan Agreement - LC Apartments(199386221.3) - 5/12/2026 6:38:21 PM <br />Section 5.14 Solvency ................................................................................................... 13 <br />Section 5.15 Full Disclosure ......................................................................................... 13 <br />Section 5.16 Funding Loan Documents ........................................................................ 13 <br />Section 5.17 Illegal Activity ......................................................................................... 13 <br />Section 5.18 Executive Order 13224 ............................................................................ 13 <br />Section 5.19 No Broker................................................................................................. 14 <br />Section 5.20 Construction Contract; Architect’s Agreement ....................................... 14 <br />Section 5.21 Development Budget ............................................................................... 14 <br />Section 5.22 Plans and Specifications .......................................................................... 14 <br />Section 5.23 Survey ...................................................................................................... 14 <br />Section 5.24 Flood Plain ............................................................................................... 14 <br />Section 5.25 [Reserved] ................................................................................................ 14 <br />Section 5.26 Requisition ............................................................................................... 14 <br />ARTICLE 6 GENERAL COVENANTS ..................................................................................... 15 <br />Section 6.1 Conduct of Business; Maintenance of Existence; Mergers ..................... 15 <br />Section 6.2 Compliance with Legal Requirements; Payment of Impositions ............ 15 <br />Section 6.3 Maintenance of Governmental Authorizations ........................................ 15 <br />Section 6.4 Maintenance of Insurance ........................................................................ 15 <br />Section 6.5 Compliance with Other Contracts and Funding Loan Documents .......... 16 <br />Section 6.6 Maintenance of Project Facilities............................................................. 16 <br />Section 6.7 Inspection Rights ..................................................................................... 17 <br />Section 6.8 Keeping of Books .................................................................................... 17 <br />Section 6.9 Reporting Requirements .......................................................................... 18 <br />Section 6.10 Tax-Exempt Status ................................................................................... 20 <br />Section 6.11 Single Purpose Entities ............................................................................ 21 <br />Section 6.12 Negative Pledge; No Sale. ....................................................................... 22 <br />Section 6.13 Payment of Indebtedness; Accounts Payable; Restrictions on <br />Indebtedness ............................................................................................. 23 <br />Section 6.14 Environmental Covenants. ....................................................................... 23 <br />Section 6.15 Controlling Person ................................................................................... 25 <br />Section 6.16 Tax Returns .............................................................................................. 25 <br />Section 6.17 Leases ....................................................................................................... 25 <br />Section 6.18 Further Assurances................................................................................... 25
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