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(b) If an event of default exists hereunder or under any Borrower Loan Document, the Fiscal <br />Agent shall exercise such of the rights and powers vested in it by this Funding Loan Agreement, and <br />subject to Section 11.2(c)(iii) hereof, use the same degree of care and skill in their exercise, as a prudent <br />corporate trust officer would exercise or use under the circumstances in the conduct of corporate trust <br />business. <br />(c) No provision of this Funding Loan Agreement shall be construed to relieve the Fiscal <br />Agent from liability for its own negligent action, its own negligent failure to act, or its own willful <br />misconduct, in each case, as finally adjudicated by a court of law, except that: <br />(1) This subsection shall not be construed to limit the effect of subsection (a) of this Section; <br />(2) The Fiscal Agent shall not be liable for any error of judgment made in good faith, unless <br />it shall be proved that the Fiscal Agent was negligent in ascertaining the pertinent facts; <br />(3) The Fiscal Agent shall not be liable with respect to any action taken or omitted to be <br />taken by it in accordance with the direction of the Funding Lender relating to the time, method and place <br />of conducting any proceeding for any remedy available to the Fiscal Agent, or exercising any trust or <br />power conferred upon the Fiscal Agent under this Funding Loan Agreement; and <br />(4) No provision of this Funding Loan Agreement shall require the Fiscal Agent to expend or <br />risk its own funds or otherwise incur any financial liability in the performance of any of its duties <br />hereunder, or in the exercise of any of its rights or powers, if it shall have reasonable grounds for <br />believing that repayment of such funds or adequate indemnity against such risk or liability is not assured <br />to it in its sole discretion. <br />Subject to its rights to indemnification pursuant to Section 11.4 hereof, the Fiscal Agent is <br />directed to enter into the Borrower Loan Documents to which it is a party and other related documents, <br />solely in its capacity as Fiscal Agent. <br />(d) Whether or not therein expressly so provided, every provision of this Funding Loan <br />Agreement and the other Funding Loan Documents relating to the conduct or affecting the liability of or <br />affording protection to the Fiscal Agent shall be subject to the provisions of this Section. <br />(e) The Fiscal Agent may conclusively rely, as to the truth of the statements and the <br />correctness of the opinions expressed therein, upon certificates or opinions furnished to the Fiscal Agent <br />and conforming to the requirements of this Funding Loan Agreement; but in the case of any such <br />certificates or opinions which by any provision hereof are specifically required to be furnished to the <br />Fiscal Agent, the Fiscal Agent shall be under a duty to examine the same to determine whether or not they <br />conform to the requirements of this Funding Loan Agreement. <br />(fl The permissive rights of the Fiscal Agent to do things enumerated in this Funding Loan <br />Agreement shall not be construed as a duty. <br />(g) The rights of the Fiscal Agent and limitations of liability enumerated herein and in <br />Section 11.4 shall extend to actions taken or omitted in its role as assignee of the Governmental Lender <br />under the Borrower Loan Agreement and the other Funding Loan Documents. <br />Section 11.3. Notice of Defaults. Upon the occurrence of any default hereunder or under any <br />Borrower Loan Document and provided that a Responsible Officer of the Fiscal Agent is aware of or has <br />received Written Notice of the existence of such default, promptly, and in any event within 15 days, the <br />C:ILlsersltadlDesktoplSantaAna 1-lA V~ashington Place 35 <br />FLA.doc <br />DRAFT 11/28/12 8:39AM <br />