Common use of The County Clause in Contracts

The County. Notwithstanding Section 7.10 herein, each of Borrower and Lender acknowledges and agrees, for the benefit of the County and as a condition of participation in the Program, that: (i) the County undertakes no obligation under or in respect of any Transaction Document or the Program Guide, and no implied covenants or obligations of the County shall be read into either, (ii) regardless of any default by Borrower, the County has no obligation to make Assessment Payments to Lender, or any other payments in respect of the Loan, including, without limitation, any fees, expenses and other charges described in any Transaction Document, (iii) none of any Loan, Assessment Payment, Lien or other obligation arising from any Transaction Document, the Act or the Ordinance shall be backed by (A) any credit of the County, (B) any credit of the Commonwealth or its political subdivisions, including, without limitation, the County, or (C) any taxes or governmental funds, (iv) none of any Loan, Assessment Payment, Lien or other obligation arising from any Transaction Document, the Act or the Ordinance shall constitute an indebtedness within the meaning of any constitutional or statutory debt limitation or restriction, (v) the County has not made any representations, financial or otherwise, in respect of Borrower, the Property or the Project, (vi) the County makes no representation or warranty as to, and assumes no responsibility with respect to, the accuracy or completeness of the Lien, or any assignment or amendment thereof, (vii) the County assumes no responsibility or liability in respect of the Project, or the planning, construction or operation thereof, (viii) each of Borrower and Lender shall, upon request, provide the County with any information related to the Project or the Loan that is reasonably necessary to confirm that the Project or Loan meets all requirements of the Act, the Ordinance and the Program Guide, (ix) each of Borrower and Lender shall comply with all applicable requirements of the Act, the Ordinance and the Program Guide, and (x) Lender shall reimburse the County, within ten (10) days upon written demand, for any reasonable out-of-pocket expenses incurred by the County in connection with any Transaction Document, including, without limitation, the preparation and Recording of the Lien or any assignment or amendment thereof.