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(b) As a condition of its status as an Empowerment Zone Business, the Owner shall <br />secure from each employee employed at the Project and shall deliver to the Qualified <br />Empowerment Zone (or any Compliance Agent) an Employee Certification in the form set forth <br />in Exhibit B hereto. In addition, each employee shall be required to provide whatever other <br />information, documents or certification are deemed necessary by the Owner, the Issuer and the <br />Qualified Empowerment Zone (or any Compliance Agent) to substantiate the Employee <br />Certification. During the Compliance Period, the Owner shall have each employee recertify the <br />Employee Certification at least once per taxable year but no later than the Annual Reporting <br />Date. <br />(c) As a condition of its status as an Empowerment Zone Business, the. Owner shall <br />deliver on each Annual Reporting Date during the Compliance Period a Zozi.e 'Resident ' <br />Employee Percentage' Certification in the form set forth in Exhibit C hereto to the Qualified <br />Empowerment Zone (or any Compliance Agent). The Zone Resident Employee Percentage <br />Certification shall be prepared by the Owner solely upon information contained in Employee <br />Certifications, received pursuant to paragraph (b) above, and shall be computed using the <br />Resident Employee Computation Requirements. <br />(d) During the Compliance Period, all certifications required by this Section shall be <br />maintained by the Owner on file at the Project. Copies of all certifications shall be furnished to <br />the Issuer and the Qualified Empowerment Zone (or any Compliance Agent) upon request. <br />Section 5. Qualited Zone Property Restrictions. The Owner represents, covenants <br />and warrants that: <br />(a) The Project will be maintained as Qualified Zone Property on a continuous basis <br />during the Compliance Period. On each Annual Reporting Date, the Owner will deliver a <br />Qualified Zone Property Certification in the form set forth in Exhibit D hereto to the Qualified <br />Empowerment Zone (or any Compliance Agent). <br />(b) The Owner will notify the Issuer and the Qualified Empowerment Zone (or any <br />Compliance Agent) prior to undertaking any change in use, ownership or abandonment of the <br />Project; provided, however, that no notification shall be required under this Section for disposed <br />of or abandoned personal property which is concurrently replaced with substantially similar <br />personal property. <br />Section 6. Prohibited Activities Restrictions. The Owner represents, covenants and <br />warrants that: <br />(a) It will not engage in any trade or business that is one of the Prohibited Activities <br />during the Bond Term. <br />(b) The Owner will notify the Issuer and the Qualified Empowerment Zone (or any <br />Compliance Agent). immediately prior to undertaking any change in its trade or business that <br />results in engaging in any of the Prohibited Activities. <br />Section 7. Intentionally Omitted. <br />06-4514.05 7 <br />