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Section 5. Subject to approval as to form by the Authority Attomey, the Chairman, Vice Chairman or Executive Director of the Authority, and each of them, ""'" acting alone, is hereby authorized and empowered to execute by manual or facsimile signature the Escrow Agreement, and the Secretary of the Authority is authorized to attest thereto, with such changes and insertions therein as may be necessary to cause the same to carry out the intent of this Resolution and as are approved by counsel to the Authority, such approval to be conclusively evidenced by the delivery thereof. Section 6. Subject to approval as to form by the Authority Attorney, the Chairman, Vice Chairman or Executive Director of the Authority, and each of them, acting alone, is hereby authorized and empowered to execute by manual or facsimile signature the Compliance Agreement, and the Secretary of the Authority is authorized to attest thereto, with such changes and insertions therein as may be necessary to cause the same to carry out the intent of this Resolution and as are approved by counsel to the Authority, such approval to be conclusively evidenced by the delivery thereof. Section 7 Subject to approval as to form by the Authority Attorney, the Chairman, Vice Chairman or Executive Director of the Authority, and each of them, acting alone, is hereby authorized and empowered to execute by manual or facsimile signature the Tax Regulatory Agreement, and the Secretary of the Authority is authorized to attest thereto, with such changes and insertions therein as may be necessary to cause the same to carry out the intent of this Resolution and' as are approved by counsel to the Authority, such approval to be conclusively evidenced by ""'" the delivery thereof. Section 8 The execution and delivery of the Loan Agreement, the Escrow Agreement, the Compliance Agreement and the Tax Regulatory Agreement by the Authority shall be subject to the receipt by the Authority of CIDFAC's approval of the Project in accordance with the Act. Section 9 Repayment of the principal of, premium, if any, and the interest on, the loan from the Lender to the Authority shall be made solely from the revenues to be received by the Authority from the Borrower pursuant to the Loan Agreement, and the loan from the Lender shall not be deemed to constitute a debt or liability of the State or any agency or instrumentality thereof other than the Authority. The loan from the Lender to the Authority and the Loan shall be payable on the dates and in the amounts and shall bear interest at the rate or rates set forth in the Loan Agreement. In no event shall the rate of interest on the loan from the Lender to the Authority and the Loan exceed twelve percent (12%) per annum or the maximum rate permitted by law. Section 10. Subject to approval as to form by the Authority Attorney, the Chairman, Vice Chairman or Executive Director of the Authority, and each of them, acting alone, is hereby authorized to execute all documents, certificates and instruments necessary or appropriate to this transaction and the borrowing of moneys from the Lender and Loan to the Borrower. ""'" IDA Resolution No. 2000-003 Page 4 of 5