Tax Exemption; Tax Regulatory Agreement. The Borrower hereby covenants, represents, and agrees as follows:
(a) to file of record such documents and take such other reasonable steps as are necessary in order to ensure that the requirements and restrictions, if any, of the Tax Regulatory Agreement then executed by the Borrower will be binding upon all owners of the Project, including, but not limited to, the recordation, if required, of the Tax Regulatory Agreement, in the real property records of Travis County, Texas; and
(b) to reference the requirements and restrictions, if any, contained in the Tax Regulatory Agreement, once executed, in any deed or other document transferring any of its interest in the Project to another Person to the end that such transferee has notice of, and is bound by, such restrictions, and to obtain the agreement from any transferee to so abide.
