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(b) The Participant and its Drinking Water System are subject to the jurisdiction <br />of the Commission under I.C. 8-1-2 or any other applicable law and the Project and the <br />Bonds are subject to the Commission's review and approval requirements. If the <br />Participant or its Drinking Water System is subject to the jurisdiction of the Commission <br />under I.C. 8-1-2 or any other applicable law, the Commission has reviewed and approved <br />the Project and the issuance of the Bonds and no additional approvals or consents are <br />required to be obtained from the Commission related thereto. <br />(c) The Participant has full power and authority to adopt the Authorizing <br />Instrument, enter into this Agreement and issue the Bonds and perform its obligations <br />hereunder and thereunder. <br />(d) By all required action, the Participant has duly adopted the Authorizing <br />Instrument and authorized the execution and delivery of this Agreement, the Bonds and <br />all other papers delivered in connection herewith. <br />(e) Neither the execution of, nor the consummation of the transaction <br />contemplated by, this Agreement nor the compliance with the terms and conditions of <br />any other paper referred to herein, shall conflict with, result in a breach of or constitute a <br />default under, any indenture, mortgage, lease, agreement or instrument to which the <br />Participant is a party or by which the Participant or its property, including the Drinking <br />Water System, is bound or any law, regulation, order, writ, injunction or decree of any <br />court or governmental agency or instrumentality having jurisdiction. <br />(f) There is no litigation pending or, to the knowledge of the Participant, upon <br />investigation, threatened that (1) challenges or questions the validity or binding effect of <br />this Agreement, the Authorizing Instrument or the Bonds or the authority or ability of the <br />Participant to execute and deliver this Agreement or the Bonds and perform its <br />obligations hereunder or thereunder or (2) would, if adversely determined, have a <br />significant adverse effect on the ability of the Participant to meet its obligations under <br />this Agreement, the Authorizing Instrument or the Bonds. <br />(g) The Participant has not at any time failed to pay when due interest or <br />principal on, and it is not now in default under, any warrant or other evidence of <br />obligation or indebtedness of the Participant. <br />(h) All information furnished by the Participant to the Finance Authority or any <br />of the persons representing the Finance Authority in connection with the Loan or the <br />Project is accurate and complete in all material respects including compliance with the <br />obligations, requirements and undertakings imposed upon the Participant pursuant to this <br />Agreement. <br />(i) The Participant has taken or will take all proceedings required bylaw to <br />enable it to issue and sell the Bonds as contemplated by this Agreement. <br />(j) For any outstanding bonds payable from the revenues of the Drinking Water <br />18 <br />