8447-93 Authorizing Economic Development Revenue (P.A.I. Properties $450,000)

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of Bonds quarterly interim statements prepared by an independent accounting firm on a compilation basis. In addition, the Borrower shall furnish such additional information as the Trustee or any holder of Bonds in aggregate principal amount of $50, 000 or more may reasonably request concerning the Borrower in order to enable the Trustee or such holder to determine whether the covenants, terms and provisions of this Loan Agreement have been complied with by the Borrower and for that purpose all pertinent financial books, documents and vouchers relating to its business affairs and properties shall at all times upon reasonable prior written notice during regular business hours be open to the inspection of such persons or their accountants or other agents (who may make copies of all or any part thereof) as shall from time to time be designated and compensated by the Trustee or such holder of the Bonds, as the case may be. Without limiting the foregoing, the Borrower will permit the Trustee and any such holder (or such persons as such holder may designate) to visit and inspect, at the expense of the Trustee or such holder, any of the properties of the Borrower and to discuss the business affairs, finances and accounts of the Borrower with its officers, agents and independent accountants, and will provide such further financial information as Trustee or any such holder may reasonably request, all upon reasonable prior written notice and at such reasonable times during normal business hours and as often as the Trustee or such holder may reasonably desire. Section 3 . 6. Taxes, Charges and Assessments. The Borrower covenants and agrees, subject to the provisions of Section 3 .9 hereof, to pay or cause to be paid when the same shall become due or payable: (a) all taxes and charges on account of the ownership, use or operation of the Mortgaged Property, including but not limited to all sales, use, occupation and personal property taxes, all permit and inspection fees, occupation and license fees and all utility charges assessed or charged on or against such Mortgaged Property or on account of the Borrower's use thereof; and (b) all taxes, assessments and impositions, general and special, ordinary and extraordinary, of every name and kind, which shall be taxed, levied, imposed or assessed upon all or any part of such Mortgaged Property, or the interest of the Borrower therein. If under applicable law any such tax, charge, fee, rate, imposition or assessment may at the option of the taxpayer be paid in installments, the Borrower may exercise such option. Nothing contained herein shall be deemed to constitute an admission by the Borrower that the Borrower is liable for any tax, charge, fee, rate, imposition or assessment. -17-