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<br />. <br /> <br />. <br /> <br />. <br /> <br />Authority in this Agrcement, but shall, in any event and without regard to any fault on the part of <br />the Authority, apply to any pecuniary loss or penalty (including interest thereon from the date the <br />loss is incuncd or penalty is paid by the Authority at a rate equal to the Prime Rate) as a result of <br />the Prg.iect causing the Tax Increment District to not qualify or cease to qualify as a <br />"redevelopment district" under Section 469.174, Subdivision 10, of the Act or to violate <br />limitations as to the use of Tax Increments as set forth in Section 469.176, Subdivision 4j. <br /> <br />(3) All covenants, stipulations, promises, agreements and obligations of the Authority <br />contained herein shall be deemed to be the covenants, stipulations, promises, agreements and <br />obligations of the Authority and not of any goveming body member, officer, agent, servant or <br />employee of the Authority. <br /> <br />1796750vl <br /> <br />12 <br />