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notice to, the registration with, or the taking of any other action in respect of, any federal, <br /> state or other governmental authority or agency, not previously obtained or performed. <br /> (I) This Agreement has been duly executed and delivered by Company and <br /> constitutes the legal, valid and binding agreement of Company, enforceable against <br /> Company in accordance with its terms, except as may be limited by bankruptcy, insolvency <br /> or other similar laws affecting the enforcement of creditors' rights in general. The <br /> enforceability of this Agreement is subject to general principles of equity (regardless of <br /> whether such enforceability is considered in a proceeding at law or in equity). <br /> (m) No event has occurred and is continuing which with the lapse of time or the <br /> giving of notice would constitute an event of default by the Company under the <br /> Development Agreement or this Agreement. <br /> (n) The Company reaffirms its representations and covenants made in the <br /> Development Agreement. <br /> (o) All representations, warranties and covenants and any obligations of <br /> Company in this Agreement shall expire upon repayment of the Bonds. <br /> (End of Article II) <br /> -7 - <br />