Common use of REPRESENTATIONS AND WARRANTIES 76 Clause in Contracts

REPRESENTATIONS AND WARRANTIES 76. Section 3.1. Legal Status and Authority 76 Section 3.2. Validity of Documents 76 Section 3.3. Litigation 77 Section 3.4. Agreements 77 Section 3.5. Financial Condition 78 Section 3.6. Disclosure 78 Section 3.7. No Plan Assets 78 Section 3.8. Not a Foreign Person 78 Section 3.9. Intentionally Omitted 78 Section 3.10. Business Purposes 78 Section 3.11. Borrower’s Principal Place of Business 79 Section 3.12. Status of Property 79 Section 3.13. Financial Information 80 Section 3.14. Condemnation 81 Section 3.15. Separate Lots 81 Section 3.16. Insurance 81 Section 3.17. Use of Property 81 Section 3.18. Leases and Rent Roll 81 Section 3.19. Filing and Recording Taxes 82 Section 3.20. Management Agreement 82 Section 3.21. Illegal Activity/Forfeiture 83 Section 3.22. Taxes 83 Section 3.23. Permitted Encumbrances 83 Section 3.24. Third Party Representations 83 Section 3.25. Non-Consolidation Opinion Assumptions 83 Section 3.26. Federal Reserve Regulations 83 Section 3.27. Investment Company Act 84 TABLE OF CONTENTS (continued) Section 3.28. Fraudulent Conveyance 84 Section 3.29. Embargoed Person 84 Section 3.30. Intentionally Omitted 85 Section 3.31. Organizational Chart 85 Section 3.32. Bank Holding Company 85 Section 3.33. Purchase Options 85 Section 3.34. Property Document Representations 85 Section 3.35. No Change in Facts or Circumstances; Disclosure 85 Section 3.36. Operating Lease Representations 86 Section 3.37. Ground Lease Representations 86 Section 3.38. Health Care Representations 87 Section 3.39. Master Lease and Sublease Representations 89 Section 3.40. Affiliates 89 ARTICLE 4. BORROWER COVENANTS 90 Section 4.1. Existence 90 Section 4.2. Legal Requirements 90 Section 4.3. Maintenance and Use of Property 91 Section 4.4. Waste 92 Section 4.5. Taxes and Other Charges 92 Section 4.6. Litigation 94 Section 4.7. Access to Property 94 Section 4.8. Notice of Default 94 Section 4.9. Cooperate in Legal Proceedings 94 Section 4.10. Performance by Borrower 94 Section 4.11. Intentionally Omitted 94 Section 4.12. Books and Records 94 Section 4.13. Estoppel Certificates 96 Section 4.14. Leases and Rents 97 Section 4.15. Management Agreement 98 Section 4.16. Payment for Labor and Materials 101 Section 4.17. Performance of Other Agreements 102 Section 4.18. Debt Cancellation 102 Section 4.19. ERISA 102 Section 4.20. No Joint Assessment 103 Section 4.21. Alterations 103 Section 4.22. Property Document Covenants 103 Section 4.23. Ground Lease Covenants 104 Section 4.24. Operating Lease Covenants 105 Section 4.25. Health Care Covenants 109 Section 4.26. Master Tenant and Subtenant Indebtedness 111 Section 4.27. Affiliates 111 Section 4.28. Embargoed Persons 112 ARTICLE 5. ENTITY COVENANTS 112 Section 5.1. Single Purpose Entity/Separateness 112 Section 5.2. Independent Director 118 Section 5.3. Change of Name, Identity or Structure 119 TABLE OF CONTENTS (continued) Section 5.4. Business and Operations 119 ARTICLE 6. NO SALE OR ENCUMBRANCE 120 Section 6.1. Transfer Definitions 120 Section 6.2. No Sale/Encumbrance 120 Section 6.3. Permitted Equity Transfers 121 Section 6.4. Permitted Property Transfer (Assumption) 125 Section 6.5. Lender’s Rights 127 Section 6.6. Economic Sanctions, Anti-Money Laundering and Transfers 127 ARTICLE 7. INSURANCE; CASUALTY; CONDEMNATION; RESTORATION 128 Section 7.1. Insurance 128 Section 7.2. Casualty 134 Section 7.3. Condemnation 135 Section 7.4. Restoration 136 ARTICLE 8. RESERVE FUNDS 140 Section 8.1. Immediate Repair Funds. 140 Section 8.2. Replacement Reserve Funds 142 Section 8.3. Leasing Reserve Funds 144 Section 8.4. Termination Fee Funds 145 Section 8.5. Excess Cash Flow Funds 145 Section 8.6. Tax and Insurance Funds 146 Section 8.7. Ground Rent Funds 147 Section 8.8. Unfunded Obligations Funds 148 Section 8.9. Contingent Earnout Funds 150 Section 8.10. Special Reserve Funds 151 Section 8.11. Environmental Work Funds 153 Section 8.12. Interest Rate Cap Funds 154 Section 8.13. The Accounts Generally 155 Section 8.14. Letters of Credit 157 ARTICLE 9. CASH MANAGEMENT 158 Section 9.1. Establishment of Certain Accounts 158 Section 9.2. Deposits into the Restricted Account; Maintenance of Restricted Account 159 Section 9.3. Disbursements from the Cash Management Account 161 Section 9.4. Withdrawals from the Debt Service Account 163 Section 9.5. Payments Received Under this Agreement 163

REPRESENTATIONS AND WARRANTIES 76. Section 3.19.1. Legal Status Representations and Authority Warranties of the City 76 Section 3.2. Validity of Documents 76 Section 3.3. Litigation 77 Section 3.4. Agreements 77 Section 3.5. Financial Condition 78 Section 3.6. Disclosure 78 Section 3.7. No Plan Assets 78 Section 3.8. Not a Foreign Person 78 Section 3.9. Intentionally Omitted 78 Section 3.10. Business Purposes 78 Section 3.11. Borrower’s Principal Place of Business 79 Section 3.12. Status of Property 79 Section 3.13. Financial Information 80 Section 3.14. Condemnation 81 Section 3.15. Separate Lots 81 Section 3.16. Insurance 81 Section 3.17. Use of Property 81 Section 3.18. Leases and Rent Roll 81 Section 3.19. Filing and Recording Taxes 82 Section 3.20. Management Agreement 82 Section 3.21. Illegal Activity/Forfeiture 83 Section 3.22. Taxes 83 Section 3.23. Permitted Encumbrances 83 Section 3.24. Third Party Representations 83 Section 3.25. Non-Consolidation Opinion Assumptions 83 Section 3.26. Federal Reserve Regulations 83 Section 3.27. Investment Company Act 84 TABLE OF CONTENTS (continued) Page Section 3.289.2. Fraudulent Conveyance Representations and Warranties of the Concessionaire 79 Section 9.3. Non-Waiver 80 Section 9.4. Survival 80 ARTICLE 10 FINANCE OBLIGATIONS 81 Section 10.1. Concessionaire’s Obligations 81 Section 10.2. City’s Obligations 81 Section 10.3. Concessionaire’s Obligation for Estoppel Certificates 82 Section 10.4. Prohibited Tax Shelter Transactions 82 ARTICLE 11 COMPLIANCE WITH LAWS 82 Section 11.1. Compliance with Laws 82 Section 11.2. Non-Discrimination 82 Section 11.3. Non-Collusion, Bribery of a Public Officer or Employee 84 Section 3.2911.4. Embargoed Person Cooperation with City Inspector General 84 Section 3.3011.5. Intentionally Omitted Ethics and Conflict of Interest Requirements 85 Section 3.3111.6. Organizational Chart Prevailing Wage 85 Section 3.3211.7. Bank Holding Company Living Wage 85 Section 3.3311.8. Purchase Options MBE/WBE, Affirmative Action and City Resident Requirements 85 Section 3.3411.9. Property Document Representations 85 XxxXxxxx Principles 88 Section 3.3511.10. No Change in Facts or Circumstances; Disclosure 85 Executive Order 2005-1 88 Section 3.3611.11. Operating Lease Representations 86 Cooperation with City Office of Compliance 88 Section 3.3711.12. Ground Lease Representations 86 Section 3.38. Health Care Representations 87 Section 3.39. Master Lease and Sublease Representations City License Requirements 88 ARTICLE 12 INDEMNIFICATION 89 Section 3.4012.1. Affiliates Indemnification by the Concessionaire 89 ARTICLE 4Section 12.2. BORROWER COVENANTS Indemnification by the City 89 Section 12.3. Agency for Representatives 89 Section 12.4. Third Party Claims 90 Section 4.112.5. Existence 90 Section 4.2. Legal Requirements 90 Section 4.3. Maintenance and Use of Property Direct Claims 91 Section 4.412.6. Waste 92 Failure to Give Timely Notice 91 Section 4.512.7. Taxes Reductions and Other Charges 92 Section 4.6. Litigation 94 Section 4.7. Access to Property 94 Section 4.8. Notice of Default 94 Section 4.9. Cooperate in Legal Proceedings 94 Section 4.10. Performance by Borrower 94 Section 4.11. Intentionally Omitted 94 Section 4.12. Books and Records 94 Section 4.13. Estoppel Certificates 96 Section 4.14. Leases and Rents 97 Section 4.15. Management Agreement 98 Section 4.16. Payment for Labor and Materials 101 Section 4.17. Performance of Other Agreements 102 Section 4.18. Debt Cancellation 102 Section 4.19. ERISA 102 Section 4.20. No Joint Assessment 103 Section 4.21. Alterations 103 Section 4.22. Property Document Covenants 103 Section 4.23. Ground Lease Covenants 104 Section 4.24. Operating Lease Covenants 105 Section 4.25. Health Care Covenants 109 Section 4.26. Master Tenant and Subtenant Indebtedness 111 Section 4.27. Affiliates 111 Section 4.28. Embargoed Persons 112 ARTICLE 5. ENTITY COVENANTS 112 Section 5.1. Single Purpose Entity/Separateness 112 Section 5.2. Independent Director 118 Section 5.3. Change of Name, Identity or Structure 119 Subrogation 91 TABLE OF CONTENTS (continued) Page Section 5.412.8. Business Payment and Operations 119 Interest 91 Section 12.9. Limitation on Certain Claims 91 Section 12.10. Other Matters 92 Section 12.11. Offset Rights; Limitations on Certain Damages 92 Section 12.12. Survival 92 ARTICLE 6. NO SALE OR ENCUMBRANCE 120 13 INSURANCE 92 Section 6.1. Transfer Definitions 120 Section 6.2. No Sale/Encumbrance 120 Section 6.3. Permitted Equity Transfers 121 Section 6.4. Permitted Property Transfer (Assumption) 125 Section 6.5. Lender’s Rights 127 Section 6.6. Economic Sanctions, Anti-Money Laundering and Transfers 127 ARTICLE 7. INSURANCE; CASUALTY; CONDEMNATION; RESTORATION 128 Section 7.113.1. Insurance 128 Coverage Required 92 Section 7.213.2. Casualty 134 Additional Requirements 94 Section 7.313.3. Condemnation 135 Damage and Destruction 96 ARTICLE 14 ADVERSE ACTIONS 99 Section 7.414.1. Restoration 136 ARTICLE 8. RESERVE FUNDS 140 Adverse Action 99 Section 8.1. Immediate Repair Funds. 140 Section 8.2. Replacement Reserve Funds 142 Section 8.3. Leasing Reserve Funds 144 Section 8.414.2. Termination Fee Funds 145 101 Section 8.514.3. Excess Cash Flow Funds 145 Reserved Powers Adverse Actions 102 Section 8.614.4. Tax and Insurance Funds 146 Right of City to Remedy 104 Section 8.714.5. Ground Rent Funds 147 Other Actions by Governmental Authorities 104 ARTICLE 15 DELAY EVENTS AND CONCESSION COMPENSATION 105 Section 8.815.1. Unfunded Obligations Funds 148 Delay Events 105 Section 8.915.2. Contingent Earnout Funds 150 Relationship to Compensation Event 106 Section 8.1015.3. Special Reserve Funds 151 Section 8.11. Environmental Work Funds 153 Section 8.12. Interest Rate Cap Funds 154 Section 8.13. The Accounts Generally 155 Section 8.14. Letters Payment of Credit 157 ARTICLE 9. CASH MANAGEMENT 158 Section 9.1. Establishment of Certain Accounts 158 Section 9.2. Deposits into the Restricted Account; Maintenance of Restricted Account 159 Section 9.3. Disbursements from the Cash Management Account 161 Section 9.4. Withdrawals from the Debt Service Account 163 Section 9.5. Payments Received Under this Agreement 163Concession Compensation 106

REPRESENTATIONS AND WARRANTIES 76. Section 3.14.1. Legal Status and Authority Existence; Power 76 Section 3.24.2. Validity of Documents Organizational Power; Authorization 76 Section 3.34.3. Governmental Approvals; No Conflicts 76 Section 4.4. Financial Statements 76 Section 4.5. Litigation and Environmental Matters 77 Section 3.44.6. Compliance with Laws and Agreements 77 Section 3.5. Financial Condition 78 Section 3.6. Disclosure 78 Section 3.7. No Plan Assets 78 Section 3.8. Not a Foreign Person 78 Section 3.9. Intentionally Omitted 78 Section 3.10. Business Purposes 78 Section 3.11. Borrower’s Principal Place of Business 79 Section 3.12. Status of Property 79 Section 3.13. Financial Information 80 Section 3.14. Condemnation 81 Section 3.15. Separate Lots 81 Section 3.16. Insurance 81 Section 3.17. Use of Property 81 Section 3.18. Leases and Rent Roll 81 Section 3.19. Filing and Recording Taxes 82 Section 3.20. Management Agreement 82 Section 3.21. Illegal Activity/Forfeiture 83 Section 3.22. Taxes 83 Section 3.23. Permitted Encumbrances 83 Section 3.24. Third Party Representations 83 Section 3.25. Non-Consolidation Opinion Assumptions 83 Section 3.26. Federal Reserve Regulations 83 Section 3.274.7. Investment Company Act 84 TABLE OF CONTENTS (continued) Section 3.28. Fraudulent Conveyance 84 Section 3.29. Embargoed Person 84 Section 3.30. Intentionally Omitted 85 Section 3.31. Organizational Chart 85 Section 3.32. Bank Holding Company 85 Section 3.33. Purchase Options 85 Section 3.34. Property Document Representations 85 Section 3.35. No Change in Facts or Circumstances; Disclosure 85 Section 3.36. Operating Lease Representations 86 Section 3.37. Ground Lease Representations 86 Section 3.38. Health Care Representations 87 Section 3.39. Master Lease and Sublease Representations 89 Section 3.40. Affiliates 89 ARTICLE 4. BORROWER COVENANTS 90 Section 4.1. Existence 90 Section 4.2. Legal Requirements 90 Section 4.3. Maintenance and Use of Property 91 Section 4.4. Waste 92 Section 4.5. Taxes and Other Charges 92 Section 4.6. Litigation 94 Section 4.7. Access to Property 94 77 Section 4.8. Notice of Default 94 Taxes 77 Section 4.9. Cooperate in Legal Proceedings 94 Use of Proceeds; Margin Regulations 77 Section 4.10. Performance by Borrower 94 ERISA 78 Section 4.11. Intentionally Omitted 94 Ownership of Property; Insurance 78 Section 4.12. Disclosure 79 Section 4.13. Labor Relations 79 Section 4.14. Subsidiaries 79 Section 4.15. Solvency 79 Section 4.16. [Reserved] 80 Section 4.17. Collateral Documents 80 Section 4.18. [Reserved] 80 Section 4.19. Healthcare Matters 80 Section 4.20. Sanctions 83 Section 4.21. Anti-Corruption Laws 83 Section 4.22. Patriot Act 83 Section 4.23. EEA Financial Institutions 83 ARTICLE V AFFIRMATIVE COVENANTS 84 Section 5.1. Financial Statements and Other Information 84 Section 5.2. Notices of Material Events 85 Section 5.3. Existence; Conduct of Business 87 Section 5.4. Compliance with Laws 87 Section 5.5. Payment of Obligations 87 Section 5.6. Books and Records 94 88 Section 4.135.7. Estoppel Certificates 96 Visitation and Inspection 88 Section 4.145.8. Leases Maintenance of Properties; Insurance 88 Section 5.9. Use of Proceeds; Margin Regulations 88 Section 5.10. [Reserved] 89 Section 5.11. Cash Management 89 Section 5.12. Additional Subsidiaries and Rents 97 Collateral 90 Section 4.155.13. Management Agreement 98 Mortgages; Collateral Access Agreements 91 Section 4.165.14. Payment for Labor and Materials 101 Further Assurances 92 Section 4.17. Performance of Other Agreements 102 Section 4.18. Debt Cancellation 102 Section 4.19. ERISA 102 Section 4.20. No Joint Assessment 103 Section 4.21. Alterations 103 Section 4.22. Property Document Covenants 103 Section 4.23. Ground Lease Covenants 104 Section 4.24. Operating Lease Covenants 105 Section 4.255.15. Health Care Covenants 109 Matters 92 Section 4.265.16. Master Tenant and Subtenant Indebtedness 111 Post-Closing Matters 93 Section 4.275.17. Affiliates 111 [Reserved] 93 Section 4.285.18. Embargoed Persons 112 ARTICLE 5Limitations on Designation of Excluded Subsidiaries 93 Section 5.19. ENTITY COVENANTS 112 Section 5.1. Single Purpose Entity/Separateness 112 Section 5.2. Independent Director 118 Section 5.3. Change of Name, Identity or Structure 119 TABLE OF CONTENTS (continued) Section 5.4. Business and Operations 119 ARTICLE 6. NO SALE OR ENCUMBRANCE 120 Section 6.1. Transfer Definitions 120 Section 6.2. No Sale/Encumbrance 120 Section 6.3. Permitted Equity Transfers 121 Section 6.4. Permitted Property Transfer (Assumption) 125 Section 6.5. Lender’s Rights 127 Section 6.6. Economic Sanctions, Anti-Money Laundering and Transfers 127 ARTICLE 7. INSURANCE; CASUALTY; CONDEMNATION; RESTORATION 128 Section 7.1. Insurance 128 Section 7.2. Casualty 134 Section 7.3. Condemnation 135 Section 7.4. Restoration 136 ARTICLE 8. RESERVE FUNDS 140 Section 8.1. Immediate Repair Funds. 140 Section 8.2. Replacement Reserve Funds 142 Section 8.3. Leasing Reserve Funds 144 Section 8.4. Termination Fee Funds 145 Section 8.5. Excess Cash Flow Funds 145 Section 8.6. Tax and Insurance Funds 146 Section 8.7. Ground Rent Funds 147 Section 8.8. Unfunded Obligations Funds 148 Section 8.9. Contingent Earnout Funds 150 Section 8.10. Special Reserve Funds 151 Section 8.11. Environmental Work Funds 153 Section 8.12. Interest Rate Cap Funds 154 Section 8.13. The Accounts Generally 155 Section 8.14. Letters of Credit 157 ARTICLE 9. CASH MANAGEMENT 158 Section 9.1. Establishment of Certain Accounts 158 Section 9.2. Deposits into the Restricted Account; Maintenance of Restricted Account 159 Section 9.3. Disbursements from the Cash Management Account 161 Section 9.4. Withdrawals from the Debt Service Account 163 Section 9.5. Payments Received Under this Agreement 163Corruption Laws 94