Common use of REPRESENTATIONS AND COVENANTS OF BORROWER Clause in Contracts

REPRESENTATIONS AND COVENANTS OF BORROWER. SECTION 2.01. Representations of Borrower 7 SECTION 2.02. Particular Covenants of Borrower 11 ARTICLE III LOAN TO BORROWER; AMOUNTS PAYABLE; GENERAL AGREEMENTS SECTION 3.01. Loan; Loan Term 20 SECTION 3.02. Disbursement of Loan Proceeds 20 SECTION 3.03. Amounts Payable 21 SECTION 3.04. Unconditional Obligations 22 SECTION 3.05. Loan Agreement to Survive Bond Resolution and Trust Bonds 23 SECTION 3.06. Disclaimer of Warranties and Indemnification 23 SECTION 3.07. Option to Prepay Loan Repayments 24 SECTION 3.08. Priority of Loan and Fund Loan 25 SECTION 3.09. Approval of the New Jersey State Treasurer 25 ARTICLE IV

REPRESENTATIONS AND COVENANTS OF BORROWER. SECTION 2.01. Representations of Borrower 7 6 SECTION 2.02. Particular Covenants of Borrower 11 9 ARTICLE III LOAN TO BORROWER; AMOUNTS PAYABLE; GENERAL AGREEMENTS SECTION 3.01. Loan; Loan Term 20 SECTION 3.02. Disbursement of Loan Proceeds 20 SECTION 3.03. Amounts Payable 21 SECTION 3.03A. Unexpended Project Funds on Deposit in Project Loan Account 23 SECTION 3.04. Unconditional Obligations 22 24 SECTION 3.05. Loan Agreement to Survive Bond Resolution Indenture and Trust I-Bank Bonds 23 24 SECTION 3.06. Disclaimer of Warranties and Indemnification 23 24 SECTION 3.07. Option to Prepay Loan Repayments 24 25 SECTION 3.08. Priority of Loan and Fund Loan 25 26 SECTION 3.09. Approval of the New Jersey State Treasurer 25 27 ARTICLE IV

REPRESENTATIONS AND COVENANTS OF BORROWER. SECTION 2.01. Representations of Borrower 7 SECTION 2.02. Particular Covenants of Borrower 11 ARTICLE III LOAN TO BORROWER; AMOUNTS PAYABLE; GENERAL AGREEMENTS SECTION 3.01. Loan; Loan Term 20 22 SECTION 3.02. Disbursement of Loan Proceeds 20 22 SECTION 3.03. Amounts Payable 21 23 SECTION 3.03A. Unexpended Project Funds on Deposit in Project Loan Account 25 SECTION 3.04. Unconditional Obligations 22 26 SECTION 3.05. Loan Agreement to Survive Bond Resolution Indenture and Trust I-Bank Bonds 23 26 SECTION 3.06. Disclaimer of Warranties and Indemnification 23 26 SECTION 3.07. Option to Prepay Loan Repayments 24 28 SECTION 3.08. Priority of Loan and Fund Loan 25 28 SECTION 3.09. Approval of the New Jersey State Treasurer 25 29 ARTICLE IV

REPRESENTATIONS AND COVENANTS OF BORROWER. SECTION 2.01. Representations of Borrower 7 5 SECTION 2.02. Particular Covenants of Borrower 11 8 ARTICLE III LOAN TO BORROWER; AMOUNTS PAYABLE; GENERAL AGREEMENTS SECTION 3.01. Loan; Loan Term 20 13 SECTION 3.02. Disbursement of Loan Proceeds 20 13 SECTION 3.03. Amounts Payable 21 14 SECTION 3.03A. Loan Proceeds after Completion of Project Draws 15 SECTION 3.04. Unconditional Obligations 22 15 SECTION 3.05. Loan Agreement to Survive Bond Resolution and Trust Bonds 23 Loan 16 SECTION 3.06. Disclaimer of Warranties and Indemnification 23 16 SECTION 3.07. Option to Prepay Loan Repayments 24 17 SECTION 3.08. Priority of Loan and Fund Trust Loan 25 17 SECTION 3.09. Approval of the New Jersey State Treasurer 25 18 ARTICLE IV

REPRESENTATIONS AND COVENANTS OF BORROWER. SECTION 2.01. Representations of Borrower 7 6 SECTION 2.02. Particular Covenants of Borrower 11 9 ARTICLE III LOAN TO BORROWER; AMOUNTS PAYABLE; GENERAL AGREEMENTS SECTION 3.01. Loan; Loan Term 20 14 SECTION 3.02. Disbursement of Loan Proceeds 20 15 SECTION 3.03. Amounts Payable 21 16 SECTION 3.03A. Amounts on Deposit in Project Loan Account after Completion of Project Draws 17 SECTION 3.04. Unconditional Obligations 22 17 SECTION 3.05. Loan Agreement to Survive Bond Resolution and Trust Bonds 23 Loan 18 SECTION 3.06. Disclaimer of Warranties and Indemnification 23 18 SECTION 3.07. Option to Prepay Loan Repayments 24 19 SECTION 3.08. Priority of Loan and Fund Trust Loan 25 19 SECTION 3.09. Approval of the New Jersey State Treasurer 25 20 ARTICLE IV

REPRESENTATIONS AND COVENANTS OF BORROWER. SECTION 2.01. Representations of Borrower 7 6 SECTION 2.02. Particular Covenants of Borrower 11 10 ARTICLE III LOAN TO BORROWER; AMOUNTS PAYABLE; GENERAL AGREEMENTS SECTION 3.01. Loan; Loan Term 20 19 SECTION 3.02. Disbursement of Loan Proceeds 20 19 SECTION 3.03. Amounts Payable 20 SECTION 3.03A. Amounts on Deposit in Project Loan Account After Completion of Project Draws 21 SECTION 3.04. Unconditional Obligations 22 23 SECTION 3.05. Loan Agreement to Survive Bond Resolution and Trust Bonds 23 24 SECTION 3.06. Disclaimer of Warranties and Indemnification 23 24 SECTION 3.07. Option to Prepay Loan Repayments 24 25 SECTION 3.08. Priority of Loan and Fund Loan 25 SECTION 3.09. Approval of the New Jersey State Treasurer 25 26 ARTICLE IV

REPRESENTATIONS AND COVENANTS OF BORROWER. SECTION 2.01. Representations of Borrower 7 SECTION 2.02. Particular Covenants of Borrower 11 ARTICLE III LOAN TO BORROWER; AMOUNTS PAYABLE; GENERAL AGREEMENTS SECTION 3.01. Loan; Loan Term 20 SECTION 3.02. Disbursement of Loan Proceeds 20 SECTION 3.03. Amounts Payable 21 SECTION 3.03A. Amounts on Deposit in Project Loan Account after Completion of Project Draws 22 SECTION 3.04. Unconditional Obligations 22 23 SECTION 3.05. Loan Agreement to Survive Bond Resolution and Trust Bonds 23 24 SECTION 3.06. Disclaimer of Warranties and Indemnification 23 24 SECTION 3.07. Option to Prepay Loan Repayments 24 25 SECTION 3.08. Priority of Loan and Fund Loan 25 26 SECTION 3.09. Approval of the New Jersey State Treasurer 25 26 ARTICLE IV

REPRESENTATIONS AND COVENANTS OF BORROWER. SECTION 2.01. Representations of Borrower 7 SECTION 2.02. Particular Covenants of Borrower 11 ARTICLE III LOAN TO BORROWER; AMOUNTS PAYABLE; GENERAL AGREEMENTS SECTION 3.01. Loan; Loan Term 20 21 SECTION 3.02. Disbursement of Loan Proceeds 20 22 SECTION 3.03. Amounts Payable 21 23 SECTION 3.03A. Amounts on Deposit in Project Loan Account After Completion of Project Draws 25 SECTION 3.04. Unconditional Obligations 22 27 SECTION 3.05. Loan Agreement to Survive Bond Resolution and Trust I-Bank Bonds 23 28 SECTION 3.06. Disclaimer of Warranties and Indemnification 23 28 SECTION 3.07. Option to Prepay Loan Repayments 24 29 SECTION 3.08. Priority of Loan and Fund Loan 25 30 SECTION 3.09. Approval of the New Jersey State Treasurer 25 30 ARTICLE IV

REPRESENTATIONS AND COVENANTS OF BORROWER. SECTION 2.01. Representations of Borrower 7 6 SECTION 2.02. Particular Covenants of Borrower 11 9 ARTICLE III LOAN TO BORROWER; AMOUNTS PAYABLE; GENERAL AGREEMENTS SECTION 3.01. Loan; Loan Term 20 14 SECTION 3.02. Disbursement of Loan Proceeds 20 15 SECTION 3.03. Amounts Payable 21 16 SECTION 3.03A. Amounts on Deposit in Project Loan Account after Completion of Project Draws 17 SECTION 3.04. Unconditional Obligations 22 17 SECTION 3.05. Loan Agreement to Survive Bond Resolution and Trust Bonds 23 Loan 18 SECTION 3.06. Disclaimer of Warranties and Indemnification 23 18 SECTION 3.07. Option to Prepay Loan Repayments 24 19 SECTION 3.08. Priority of Loan and Fund I-Bank Loan 25 19 SECTION 3.09. Approval of the New Jersey State Treasurer 25 20 ARTICLE IV

REPRESENTATIONS AND COVENANTS OF BORROWER. SECTION 2.01. Representations of Borrower 7 6 SECTION 2.02. Particular Covenants of Borrower 11 9 ARTICLE III LOAN TO BORROWER; AMOUNTS PAYABLE; GENERAL AGREEMENTS SECTION 3.01. Loan; Loan Term 20 19 SECTION 3.02. Disbursement of Loan Proceeds 20 19 SECTION 3.03. Amounts Payable 21 20 SECTION 3.03A. Unexpended Project Funds on Deposit in Project Loan Account 22 SECTION 3.04. Unconditional Obligations 22 23 SECTION 3.05. Loan Agreement to Survive Bond Resolution Indenture and Trust I-Bank Bonds 23 24 SECTION 3.06. Disclaimer of Warranties and Indemnification 23 24 SECTION 3.07. Option to Prepay Loan Repayments 24 25 SECTION 3.08. Priority of Loan and Fund Loan 25 26 SECTION 3.09. Approval of the New Jersey State Treasurer 25 26 ARTICLE IV

REPRESENTATIONS AND COVENANTS OF BORROWER. SECTION 2.01. Representations of Borrower 7 6 SECTION 2.02. Particular Covenants of Borrower 11 9 ARTICLE III LOAN TO BORROWER; AMOUNTS PAYABLE; GENERAL AGREEMENTS SECTION 3.01. Loan; Loan Term 20 14 SECTION 3.02. Disbursement of Loan Proceeds 20 14 SECTION 3.03. Amounts Payable 21 15 SECTION 3.03A. Unexpended Project Funds 16 SECTION 3.04. Unconditional Obligations 22 16 SECTION 3.05. Loan Agreement to Survive Bond Resolution and Trust Bonds 23 Loan 17 SECTION 3.06. Disclaimer of Warranties and Indemnification 23 17 SECTION 3.07. Option to Prepay Loan Repayments 24 18 SECTION 3.08. Priority of Loan and Fund I-Bank Loan 25 18 SECTION 3.09. Approval of the New Jersey State Treasurer 25 19 ARTICLE IV

REPRESENTATIONS AND COVENANTS OF BORROWER. SECTION 2.01. Representations of Borrower 7 6 SECTION 2.02. Particular Covenants of Borrower 11 10 ARTICLE III LOAN TO BORROWER; AMOUNTS PAYABLE; GENERAL AGREEMENTS SECTION 3.01. Loan; Loan Term 20 19 SECTION 3.02. Disbursement of Loan Proceeds 20 19 SECTION 3.03. Amounts Payable 20 SECTION 3.03A. Amounts on Deposit in Project Loan Account After Completion of Project Draws 21 SECTION 3.04. Unconditional Obligations 22 23 SECTION 3.05. Loan Agreement to Survive Bond Resolution and Trust Bonds 23 24 SECTION 3.06. Disclaimer of Warranties and Indemnification 23 24 SECTION 3.07. Option to Prepay Loan Repayments 24 25 SECTION 3.08. Priority of Loan and Fund Loan 25 26 SECTION 3.09. Approval of the New Jersey State Treasurer 25 26 ARTICLE IV

REPRESENTATIONS AND COVENANTS OF BORROWER. SECTION 2.01. Representations of Borrower 7 6 SECTION 2.02. Particular Covenants of Borrower 11 10 ARTICLE III LOAN TO BORROWER; AMOUNTS PAYABLE; GENERAL AGREEMENTS SECTION 3.01. Loan; Loan Term 20 SECTION 3.02. Disbursement of Loan Proceeds 20 SECTION 3.03. Amounts Payable 21 SECTION 3.03A. Amounts on Deposit in Project Loan Account After Completion of Project Draws 22 SECTION 3.04. Unconditional Obligations 22 23 SECTION 3.05. Loan Agreement to Survive Bond Resolution and Trust Bonds 23 24 SECTION 3.06. Disclaimer of Warranties and Indemnification 23 25 SECTION 3.07. Option to Prepay Loan Repayments 24 26 SECTION 3.08. Priority of Loan and Fund Loan 25 26 SECTION 3.09. Approval of the New Jersey State Treasurer 25 27 ARTICLE IV

REPRESENTATIONS AND COVENANTS OF BORROWER. SECTION 2.01. Representations of Borrower 7 6 SECTION 2.02. Particular Covenants of Borrower 11 10 ARTICLE III LOAN TO BORROWER; AMOUNTS PAYABLE; GENERAL AGREEMENTS SECTION 3.01. Loan; Loan Term 20 19 SECTION 3.02. Disbursement of Loan Proceeds 20 SECTION 3.03. Amounts Payable 21 SECTION 3.03A. Amounts on Deposit in Project Loan Account After Completion of Project Draws 23 SECTION 3.04. Unconditional Obligations 22 24 SECTION 3.05. Loan Agreement to Survive Bond Resolution and Trust Bonds 23 25 SECTION 3.06. Disclaimer of Warranties and Indemnification 23 25 SECTION 3.07. Option to Prepay Loan Repayments 24 26 SECTION 3.08. Priority of Loan and Fund Loan 25 27 SECTION 3.09. Approval of the New Jersey State Treasurer 25 27 ARTICLE IV

REPRESENTATIONS AND COVENANTS OF BORROWER. SECTION 2.01. Representations of Borrower 7 6 SECTION 2.02. Particular Covenants of Borrower 11 10 ARTICLE III LOAN TO BORROWER; AMOUNTS PAYABLE; GENERAL AGREEMENTS SECTION 3.01. Loan; Loan Term 20 18 SECTION 3.02. Disbursement of Loan Proceeds 20 18 SECTION 3.03. Amounts Payable 21 19 SECTION 3.03A. Amounts on Deposit in Project Loan Account after Completion of Draw Schedule 20 SECTION 3.04. Unconditional Obligations 22 21 SECTION 3.05. Loan Agreement to Survive Bond Resolution and Trust Bonds 23 22 SECTION 3.06. Disclaimer of Warranties and Indemnification 23 22 SECTION 3.07. Option to Prepay Loan Repayments 24 23 SECTION 3.08. Priority of Loan and Fund Loan 25 24 SECTION 3.09. Approval of the New Jersey State Treasurer 25 24 ARTICLE IV