Borrower’s General Representations, Covenants and Warranties. (a) Borrower is an Eligible Applicant, validly existing and in good standing under the laws of the State of Louisiana, has all requisite authority to conduct its business and own and lease its properties, and is qualified and in good standing in every jurisdiction in which the nature of its business makes qualification necessary or where failure to qualify could have a material adverse effect on its financial condition or the performance of its obligations under the RRDP Loan Documents. Borrower is in compliance with all Laws applicable to its business and has obtained all approvals, licenses, exemptions and other authorizations from, and has accomplished or will accomplish by the date required by applicable Laws, all filings, registrations and qualifications with, any Governmental Agency that are necessary for the transaction of its business. Borrower shall not amend, modify, supplement or restate Borrower’s Organizational Documents without the prior written consent of the LHC, except as otherwise expressly permitted herein, nor shall Borrower cancel or terminate Borrower’s Organizational Documents without the prior written consent of the LHC.
