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15. OTHER AFFIRMATIVE COVENANTS <br />While any obligation of Developer under the City Loan Note or Deed of Trust <br />remain outstanding, the following provisions shall apply, except to the extent that <br />Executive Director otherwise consents in writing: <br />15.1 Existence. Developer's managing general partner (OHDC) shall maintain <br />its existence in good standing under the laws of the State of California, and <br />Developer shall provide documentation of such status annually to the City. <br />15.2 Protection of Lien. Developer shall maintain the lien of the City <br />Deed of Trust as a valid second priority deed of trust on the Property and take all <br />actions, and execute and deliver to City all documents, reasonably required by <br />City from time to time in connection therewith. <br />15.3 Notice of Certain Matters. Developer shall give notice to City, within ten <br />(10) days of Developer's learning thereof, of each of the following: <br />(a) any filed litigation or claim affecting or relating to the <br />Property and involving an amount in excess of $5,000; and any litigation or claim that <br />might subject Developer or any general partner to liability in excess of $5,000, whether <br />covered by insurance or not; <br />(b) any dispute between Developer and a Governmental <br />Authority relating to the Property, the adverse determination of which might materially <br />affect the Property; <br />(c) any change in Developer's principal place of business; <br />(d) any aspect of the Improvements that is not in <br />substantial conformity with the plans or code; <br />(e) any Event of Default or event which, with the giving of <br />notice or the passage of time or both, would constitute an Event of Default; <br />(f) any material default by Developer or any other party under <br />any Senior Loan document, or the receipt by Developer of any notice of default under <br />any Senior Loan document; <br />(g) the creation or imposition of any mechanics' or <br />materialmans' lien or other lien against the Property which might materially affect the <br />Property; and /or <br />(h) any material adverse change in the financial condition of <br />Developer. <br />29 <br />