25B - AGMT - 815 N HARBOR LOAN - Laserfiche WebLink

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applied or in accordance with such other principles or methods as are reasonably acceptable to City, To the best of Developer's knowledge, all rather documents and information furnished to City with respect to Developer, in cutinactton with the Loans, are Qorreet and complete insofar as completeness is necess €n�y to give the City accurate knowledge of the subject matter; To the hest of Developer's knowledge Developer has no material liability or contingent liability not disclosed to City in writing and there is no material lien, claim, charge or other right of others Of any kinds {including liens or retainer) security titles of conditional vendors) on any property of Developer not disclosed in such financial statements or otherwise disclosed to City in writing. 7.4 No Material Adverse Change. There has been no material adverse change in the condition, fimmchd or otherwise; of Developer since the dates of the latest financial statements fitrnishcd to City, Since those dates, Developer has not entered into any material transaction not disclosed in Such financial statements or otherwise disclosed to City in writing; 7.5 TaxUability, Developer has tiled all required federal, state and local tax returns and has paid all taxes (including interest and penalties; but subject to lawful extensions disclosed to city in writing) rather than taxes being promptly aril actively contested in good faith and by appropriate proceedings. Developer is maintaining adequate reserves for tax liabilities (including contested liabilities) in accordance with ,generally accepted accounting principles or in accordance with such other principles or inetthods as are reasonably acceptable to City.. 7.6 Governmental I;te€tuir ments. Developer is ill compliance with all laws relating to the Property and all Governmental Authority approvals, including zoning, land rise, planning requirements, and requirements arising from or relating to the adoption fir amendment of, any applicable general plan, subdivision and parcel map requirement; environmental requirements, including the requirements of the C'alirornia Fnvirorunental Quality Act and the National Environmental Policy Act and the preparation and approval of all required environmental impact statements and reporis, use, occupancy and building permit requirements; and public utilities requirement& 7.7 Right of t3tltera, Developer is in compliance with all covenants, conditions, restrictions, easements, rights of way and other rights of third parties relating to the Property: 7;8 Litigation. There are no inuterial actions or proceedings pending or, to the best of the Developer's knowledge, threatened against or affecting Developer or any property o Developer before any Governmental Authority, except its disclosed to City in writing prior to the execution of this Agreement, 7.9 Banhrnaatcy To the best of Developer's knowledge, no attael urents, execution proceedings, assignments for the benefit of creditors, insolvency, bankruptcy, reorganization or other proceedings are pending or threatened against Developer, nor are any of such proceedings contemplated by Developer. 17 25B -23