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<br />I. Neither the execution and delivery of this Agreement, the Declaration, or any
<br />document referred to herein nor compliance with any of the terms, conditions,
<br />requirements, or provisions contained in any of such documents is prevented by, is a breach
<br />of, or will result in a breach of, any term, condition, or provision of any agreement or
<br />document to which it is now a party or by which it is bound.
<br />
<br />J. The contemplated use of the Real Property and, if applicable, Facility will not
<br />violate any applicable zoning or use statute, ordinance, building code, rule or regulation, or
<br />any covenant or agreement of record relating thereto.
<br />
<br />K. The Project has been or will be completed in full compliance with all applicable
<br />laws, statutes, rules, ordinances, and regulations issued by any federal, state, or local
<br />political subdivisions having jurisdiction over the Project.
<br />
<br />L. All applicable licenses, permits and bonds required for the performance and
<br />completion of the Project have been, or will be, obtained.
<br />
<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 />
<br />N. It will operate, maintain, and manage the Real Property and, if applicable,
<br />Facility or cause the Real Property and, if applicable, Facility, to be operated, maintained
<br />and managed in compliance with all applicable laws, statutes, rules, ordinances, and
<br />regulations issued by any federal, state, or local political subdivisions having jurisdiction
<br />over the Real Property and, if applicable, Facility.
<br />
<br />O. It will fully enforce the terms and conditions contained in any Use Contract.
<br />
<br />P. It has complied with the matching funds requirement, if any, contained in
<br />Section 7.23.
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<br />Q. It will not, without the prior written consent of the Council and the
<br />Commissioner of MMB, allow any voluntary lien or encumbrance or involuntary lien or
<br />encumbrance that can be satisfied by the payment of monies and which is not being
<br />actively contested to be created or exist against the Public Entity’s ownership interest in the
<br />Real Property or, if applicable, Facility, or the Counterparty’s interest in the Use Contract,
<br />whether such lien or encumbrance is superior or subordinate to the Declaration. Provided,
<br />however, the Council and the Commissioner of MMB will consent to any such lien or
<br />encumbrance that secures the repayment of a loan the repayment of which will not impair
<br />or burden the funds needed to operate the Real Property and, if applicable, Facility in the
<br />manner specified in Section 2.04, and for which the entire amount is used (i) to acquire
<br />additional real estate that is needed to so operate the Real Property and, if applicable,
<br />Facility in accordance with the requirements imposed under Section 2.04 and will be
<br />included in and as part of the Public Entity’s ownership interest in the Real Property and, if
<br />applicable, Facility, and/or (ii) to pay for capital improvements that are needed to so
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