Laserfiche WebLink
Section 3.04 Litigation <br />There are no legal actions, suits, or proceedings pending, or, to the knowledge of Borrower, threatened <br />against Borrower before any court or arbitrator, or administrative agency, which, if determined adversely to <br />Borrower, would have an adverse effect on the financial condition or business of Borrower which have not been <br />disclosed to the City. <br />Section 3.05 Governmental Consents <br />No authorization, consent, or approval, or any formal exception , of <br />authorities (federal, state, or local) or mortgagor, creditor, or third party is or <br />and delivery by Borrower of the Loan Documents. <br />Section 3.06 Absence of Default <br />Borrower is not in default of any obligation, covenant, o 7.conditic <br />or other evidence of indebtedness or any mortgage or collateral instrument <br />Section 3.07 Tax Returns & Payments <br />Section 3.09 <br />overnmental body, regulatory <br />pessary to the valid execution <br />ntained in any bone debenture, note, <br />Drina the same. <br />c representation or warranty cotaind or made in this Agreement, and no certificate, schedule, or other <br />documemi furnished or to be furnished in connection with this Agreement contains or will contain a misstatement of <br />material fast. o ... omits or will omit to' state a material fact required to be stated herein or therein. <br />Section 3.10 Pf�hibition of Conflict of Interest <br />No individual who Is an employee, officer, agent, consultant of the City, an elected public official, member <br />of the City Council or aM nted City public official, who exercises or has exercised any functions or <br />responsibilities with respect; to any activities that are connected with this Project or who is in a position to <br />participate in a decision -making process or to gain inside information with regard to the Project, may obtain a <br />personal or financial interest or benefit from the Project. <br />Nothing in this section shall prevent an individual connected with the Project from acting on a board which <br />acts only in an advisory capacity, if that individual's connection to the Project is made known to the advisory body <br />so that the advisory body may take action to address any conflict, including committee assignment, voting <br />privileges, or attendance at meetings involving issues which may affect the Project. <br />Page 6of14 <br />