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Section 5. The Loan Agreement (the "Loan Agreement") between the Authority <br />and the Borrower, in the form on file with the Secretary, is hereby approved. The <br />Authorized Officers are, and each of them acting alone is, hereby authorized, for and in <br />the name of and on behalf of the Authority, to execute and deliver the Loan Agreement <br />in said form, with such additions thereto or changes therein as are recommended or <br />approved by the Authorized Officer that executes the Loan Agreement upon <br />consultation with bond counsel to the Authority, including such additions or changes as <br />are necessary or advisable in accordance with Section 7 hereof, the approval of such <br />additions or changes to be conclusively evidenced by the execution and delivery by the <br />Authority of the Loan Agreement. <br />Section 6. The Regulatory Agreement and Declaration of Restrictive Covenants <br />(the "Regulatory Agreement") between the Authority and the Borrower, in the form on <br />file with the Secretary, is hereby approved. The Authorized Officers are, and each of <br />them acting alone is, hereby authorized, for and in the name of and on behalf of the <br />Authority, to execute and deliver a Regulatory Agreement with respect to each set of <br />contiguous sites for units comprising the Project (four such agreements in total) in said <br />form, with such additions thereto or changes therein as are recommended or approved <br />by the Authorized Officer that executes the Regulatory Agreements upon consultation <br />with bond counsel to the Authority, including such additions or changes as are <br />necessary or advisable in accordance with Section 7 hereof, the approval of such <br />additions or changes to be conclusively evidenced by the execution and delivery by the <br />Authority of the Regulatory Agreements. <br />Section 7. All actions heretofore taken by the officers and agents of the <br />Authority with respect to the financing contemplated by this Resolution, the Program <br />and the issuance and delivery of the Bonds are hereby approved, confirmed and <br />ratified, and the proper officers of the Authority, including the Authorized Officers, are <br />hereby authorized, for and in the name and on behalf of the Authority, to do any and all <br />things and take any and all actions and execute and deliver any and all certificates, <br />agreements and other documents which they, or any of them, may deem necessary or <br />advisable in order to consummate the lawful issuance and delivery of the Bonds in <br />accordance with this Resolution and resolutions heretofore adopted by the Authority <br />and in order to carry out the proposed financing and the Program, including but not <br />limited to those certificates, agreements and other documents described in the <br />Indenture, the Loan Agreement, the Regulatory Agreements and any certificates, <br />agreements or documents as may be necessary to further the purpose hereof, evidence <br />credit support or additional security for the Bonds, or evidence an obligation to purchase <br />Bonds upon tender by the Bondholders, but which shall not create any obligation or <br />liability of the Authority other than with respect to the revenues and assets derived from <br />the proceeds of the Bonds or otherwise pledge to the repayment of the Bonds under the <br />Indenture. <br />HA Resolution 2011-001 <br />Page 3 of 4