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13. Expiration of Commitment <br /> This Commitment and all of the Agency's obligations hereunder shall automatically expire <br /> and terminate unless the Commitment is accepted by the Borrower and returned in <br /> executed form to the Agency no later than thirty (30) days from the date of this letter. <br /> Further, this commitment shall automatically expire and terminate unless the Loan closing <br /> occurs no later than January 1, 1997. <br /> 14. Standards <br /> 14.1 Unlike a private commercial lender, the Agency is concerned not only with lending <br /> issues such as the creditworthiness of the Borrower, and the security for its loan, <br /> the Agency is also concerned with achieving certain public policy objectives in using <br /> the limited funds available through the Housing Trust Fund. These public policy <br /> objectives include: <br /> 1) assisting projects serving populations with special housing needs; <br /> 2) serving very low- and low-income households; <br /> 3) adding units to the emergency, transitional, and permanent housing stock <br /> that will be affordable to homeless persons and those with special needs on <br /> a long-term basis; <br /> 4) to provide matching funds for leveraging other public hosuing and service <br /> programs; and <br /> 5) providing an equitable geographic distribution of Program funds between <br /> urban and rural areas. <br /> 14.2 In determining how changes in information, representations, and circumstances <br /> will affect this commitment, a combination of private commercial lending standards <br /> and the public policy objectives will be applied in good faith by the Agency, the <br /> Agency being solely and uniquely qualified to make these determinations. The <br /> Borrower agrees that under no circumstances shall the Agency be liable to it for <br /> consequential damages or any action predicated on tort as a result of this <br /> Commitment or any change or termination of this Commitment. <br /> [Signature Page Follows] <br /> 11 <br />