Agenda - 11-16-1993 - VIII-A (2)

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(6. Trust Estate and will promptly pay or cause to be discharged, or make adequate provision in the judgment of the Trustee to discharge, any lien or charge on any part thereof not permitted hereby. Section 7.13. Access to Books. All books and documents in the possession of the Corporation or the Trustee relating to the Project and any Improvements and the Trust Estate will at all reasonable times be open to inspection by such accountants as the Corporation or the Trustee may from time to time designate. Section 7.14. Covenants as to Corporate Existence, Maintenance of Project and any Improvements, Insurance, Etc. The Corporation hereby covenants to: (a) preserve its corporate existence, and all its rights and licenses to the extent necessary in the operation of its business and affairs and be qualified to do business in each jurisdiction where the conduct of its business requires such qualification and where the failure to so qualify would have a material adverse impact on its operation; provided, however, that nothing herein contained shall be construed to obligate it to retain or preserve any of its rights or licenses no longer used or, in the reasonable judgment of the Corporation,determined to be no longer useful in the conduct of its business; (b) at all times cause its business to be carried on and conducted in an efficient manner; (c) prevent the use of the Project and any Improvements in an unrelated trade or business as defined in Section 513(a) of the Code or by any nonexempt person, in either case in such manner or to such extent as would result in interest on the 1993A Bonds becoming includable in gross income for federal income tax purposes; (d) conduct its affairs and carry on its business and operations in such manner as to comply with any and all applicable laws of the United States of America and the several states thereof and duly observe and conform to all valid orders, regulations or requirements of any governmental authority material to the conduct of its business; provided, nevertheless, that nothing herein contained shall require it to comply with, observe and conform to any such law, order, regulation or requirement so long as the validity thereof shall be contested in good faith by appropriate proceedings which shall operate during the pendency thereof to stay the enforcement thereof and it will not subject the Trustee to the risk of any liability and it will save the Trustee harmless against any losses as a result of such contest; (e) pay or otherwise satisfy and discharge all of its obligations and indebtedness and all demands and claims against it as and when the same become due and payable, other than any thereof whose validity, amount or collectibility is being contested by it in good faith by appropriate proceedings which shall operate during the pendency thereof to prevent the collection of or other realization upon the item so contested and it will not subject the Trustee to the risk of any liability and it will save the Trustee harmless against any losses as a result of such contest; (t) at all times comply with all terms, covenants and provisions contained in any mortgages or instruments securing any of its indebtedness and pay or cause to be paid, or to be renewed, refunded or extended by it, all bonds, notes or other evidences of indebtedness secured by any such mortgage or lien, as and when the same shall become due and payable; (g) preserve its corporate existence,and all its rights and licenses to the extent necessary in the operation of its business and affairs and be qualified to do business in each jurisdiction 26