Acknowledgement of Owner. Owner acknowledges, represents, agrees, and warrants that it understands the nature and structure of the transactions contemplated by this Operating Agreement; that it is familiar with the provisions of all of the documents and instruments to which it is a party or of which it is a beneficiary; that it understands the financial and legal risks inherent in such transactions; and that it has not relied on the Issuer, OHCS specifically, or the State of Oregon for any guidance or expertise in analyzing the financial or other consequences of such financing transactions or otherwise relied on the Issuer, OHCS specifically, or the State of Oregon in any manner except to issue the Bonds and to make the Loan in order to provide funds to assist the Owner in financing the Project.
