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(c) <br />Notwithstanding subsection (b) above, the Section 42 rent requirements shall continue for <br />a period of three years following the termination of the extended use requirement <br />pursuant to the procedures specified in subsection (b) above. During such three year <br />period, the Owner shall not evict or terminate the tenancy of an existing tenant of any <br />low- income unit other than for good cause and shall not increase the gross rent above the <br />maximum allowed under the Code with respect to stfch low - income unit. <br />(d) If the Owner has agreed to optional MHFA Occupancy Restrictions as reflected in <br />Section 5 of this Agreement, this Agreement shall not terminate until the time period for <br />compliance with such MHFA Occupancy Restrictions has expired. <br />SECTION 7 - ENFORCEMENT OF MIHFA OCCUPANCY RESTRICTIONS <br />(a) The Owner shall permit, during normal business hours and upon reasonable notice, any <br />duly authorized representative of the MHFA to inspect any books and records of the <br />Owner regarding the Project with respect to the incomes of Low- Income Tenants which <br />pertain to compliance with the MHFA Occupancy Restrictions specified in this <br />Agreement. <br />(b) <br />The Owner shall submit any other information, documents or certifications requested by <br />the MHFA which the MHFA shall deem reasonably necessary to substantiate the <br />Owner's continuing compliance with the provisions of the MHFA Occupancy <br />Restrictions specified in this Agreement. <br />SECTION 8 - ENFORCEMENT OF SECTION 42 OCCUPANCY RESTRICTIONS <br />(a) The Owner covenants that it will not knowingly take or permit any action that would <br />result in a violation of the requirements of Section 42 of the Code and applicable <br />regulations of this Agreement. Moreover, Owner covenants to take any lawful action <br />(including amendment of this Agreement as may be necessary, in the opinion of the <br />MHFA) to comply fully with the Code and with all applicable rules, rulings, policies, <br />procedure, regulations or other official statements promulgated or proposed by the United <br />States Department of the Treasury, or the Internal Revenue Service, or the Department of <br />Housing and Urban Project from time to time pertaining to Owner's obligations under <br />Section 42 of the Code and affecting the Project. <br />(b) <br />The Owner acknowledges that the primary purpose for requiring compliance by the <br />Owner with the restrictions provided in this Agreement is to assure compliance of the <br />Project and the Owner with Section 42 of the Code and in applicable regulations, AND <br />BY REASON THEREOF, THE OWNER IN CONSIDERATION FOR RECEIVING <br />LOW -INCOME HOUSING CREDITS FOR THIS PROJECT HEREBY AGREES AND <br />CONSENTS THAT THE MHFA AND ANY INDIVIDUAL WHO MEETS THE <br />INCOME LIMITATION APPLICABLE UNDER SECTION 42 (WHETHER <br />PROSPECTIVE, PRESENT OR FORMER OCCUPANT) SHALL BE EN IILED, FOR <br />ANY BREACH OF THE PROVISIONS HEREOF, AND IN ADDITION TO ALL <br />OTHER REMEDIES PROVIDED BY LAW OR IN EQUITY, TO ENFORCE <br />091196 <br />F:ADATA'M 100\)Y.M100910C iM <br />7 <br />