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Section 5.04 Payment of Taxes <br />Borrower shall duly pay and discharge all applicable taxes, assessments, and governmental charges <br />levied upon it or against its properties prior to the date on which penalties would attach thereto, except that <br />Borrower shall not be required to pay any such tax, assessment or governmental charge which is being <br />contested by Borrower in good faith and by appropriate and timely proceedings, provided that Borrower <br />provides prior written notice to the City of the contest and proceedings. <br />Section 5.05 Information <br />During the term of this Agreement, Borrower shall keep and maintain records, books of account <br />and other documents relating directly to all matters covered by hi","Agreement, including its receipt and <br />disbursement of Loan funds, in which complete entries wi1lbe made reflecting all of its business and <br />financial transactions, such entries to be made in accordance Wi h ge f ner04y accepted accounting principles <br />consistently applied. <br />Section 5.07 Disclosure of Documents <br />All of the records, information, data, reports, el <br />this Agreement are confidential and the Borrower does <br />made available to any individual or organaton, other <br />without the prior written approval of the City <br />Applicable federal, state, and local <br />possession of the City. <br />Section 5.08 Insp <br />Section 5.09 Notice o <br />d- assembled'by tie Borrower under <br />and agree that those items shall not be <br />ency of the United States Government, <br />disclasure.:;of documents, which are in the <br />Within ten (10) days of any event, which constitutes an Event of Default, as defined in Article VI, <br />or as defined under any of the Loan Documents, Borrower shall provide written notice to the City of the <br />event. If an event occurs which would, with notice or lapse of time, constitute an Event of Default; <br />Borrower shall likewise give notice to the City within ten (10) days of the discovery of that event. <br />Section 5.10 Indemnification <br />Borrower shall be fully responsible and shall indemnify and hold harmless the City, its officials, <br />employees and agents against all liability, claims, demands, losses, damages, delays and costs arising from <br />any act or omission by, or negligence of Borrower and its officers, agents, or employees or its contractor or <br />Page 8 of 30 <br />