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9.2 Execution and Performance of Loan Documents. 9.2.1 Vista Del Rio has all requisite authority to execute and perform its obligations under the Loan Documents. 9.2.2 The execution and delivery of Vista Del Rio of, and the performance by Vista Del Rio of its obligations under, each Loan Document has been authorized by all necessary action and does not and will not: (a) require any consent or approval not heretofore obtained of any person having any interest in Vista Del Rio; (b) violate any provision of, or require any consent or approval not heretofore obtained under, any articles of incorporation, by -laws or other governing document applicable to Vista Del Rio; (c) result in or require the creation of any lien, claim, charge or other right of others of any kind (other than under the Loan Documents) on or with respect to any property now or hereafter owned or leased by Vista Del Rio; (d) violate any provision of any law presently in effect; or (e) constitute a breach or default under, or permit the acceleration of obligations owed under, any contract, loan agreement, lease or other agreement or document to which Vista Del Rio is a party or by which Vista Del Rio or any of its property is bound. 9.2.3 Vista Del Rio is not in default, in any respect that is materially adverse to the interests of City or Successor Agency under the Loan Documents or that would have any material adverse effect on the financial condition of Vista Del Rio or the conduct of its business, under any law, contract, lease or other agreement or document described in sub - paragraph (d) or (e) of the previous subsection. 9.2.4 Other than for building permits relating to the Project, no approval, license, exemption or other authorization from, or filing, registration or qualification with, any Governmental Authority is required which has not been previously obtained in connection with: (a) the execution of Vista Del Rio of, and the performance by Vista Del Rio of its obligations under, the Loan Documents; and (b) the creation of the liens described in the Loan Documents. 9.3 Financial and Other Information. To the best of Vista Del Rio's knowledge, all financial information furnished to City and Successor Agency with respect to Vista Del Rio in connection with the Loans (a) is complete and correct in all material respects as of the date of preparation thereof, (b) accurately presents the financial condition of Vista Del Rio, and (c) to the extent applicable, has been prepared in accordance with generally accepted accounting principles consistently applied or in accordance with such other principles or methods as are reasonably acceptable to City. To the best of Vista Del Rio's knowledge, all other documents and information furnished to City and Successor Agency with respect to Vista Del Rio, in connection with the Loans, are correct and complete insofar as completeness is necessary to give the City accurate knowledge of 21 DOCSOG1475221v 1 0/200272 -0004