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9.1 Forniatinrr, Qualification and C'ompliancat. Ill. Guest llousc Santa Ana, L,LC, <br />the managing g;erlcaal partner ell DGvOop er (aa) is a non-profit 17ubfiti be uefil carp or41 ioll, <br />validly existing; and ram good standing; uitidea• the laws Of the SLa tQ of f.aliforamia. (b) has all <br />realtui;ii-te authority to (;onduct its 'business and own aand h.ase its properties, and (e) is <br />qualified and in good standing; in every jur sdiction ill which the nature of its businQss <br />rnakc.s qualification necessary or wlicrc t'aihrre; to qualify could have a rnaatcrial adverse <br />eftuct oil its finaarrcial r.cinditwrm or the performance of its obligations, under the Loan <br />Doctinu mlv Developer is ill compliance with afl laws applicable to its'bnsiness and Naas <br />obtained all approvals, licewses, exemptions nand other authorizations firom, arid luaus <br />accomplished ,all filings, rcg?istiatiarns and qualifications with, ally Governmmentad <br />Authority than are nca essaary lbr the transaction of ns'husirress- <br />9.2 Execution and Performance of Loan Documents. <br />92 -1 E)ew-ehrper has all requisite audwrity to exvcaute and <br />pc liaa-nm its urhlidattions ender the Loan Documents. <br />9.2.2 Tile exeearti0n and deliveay of Developer of, and the <br />performance by Developer of it Ohljg;ations Under, caach Luani Docuvm2it has been <br />aU lraariZCd by all necessary action and does not and will not: <br />(a) rUCpnii -e any QOoSent car al7prartlat not heiretoafGrr'e <br />obtained of any person having, ally intei est ill Developer; <br />(b) viohate any provision (if- or ruapuire any consent ov <br />approval not hevooforQ obtained under, ally articles of incirrporaticin, by -laws or other <br />governingz, docuirlont applicable to Developer <br />(c) a-c;su h ill or requtaic the creation A Lilly lien, claim. <br />charge, or odrer right of` of ers of any kind (other tharra aarieter ihv 010 (Alarm 1)ocatnmetmt -s) <br />on or with respect to rniy paoperty now or hereafter owwneat or 1r used by Developer, <br />(d) vurLric any provision ofany'law presently in efTect; <br />or <br />(c) eonsiiwte as breach or default under, or permit the <br />ac.c.etenit'ion of obligations eaw'ocl under, any contract, Taman agreermacnt, lcaasc or otha;l, <br />agreement or document to ww�hiell Dcvclerl,ie;r is a party or by which Developer er or anm;y° cif its <br />property is bartnad. <br />9.2.3 Developer is not nr delhuull. in ally respect that is materially iMvease <br />to time interests of City under the Loan Doennients air• that would have array nmalenial . <br />adverse clfw on the Imarrcaaal condition of Developer arr, lire conduct of its hush Ass, <br />undeil arty law, Collirauet, lcase arr other agree mull or slrrcar ment described in strli- <br />p;n,ag;r°aph (d) or (e) of "the previous stihsuction. <br />9,2.4 No app oval. heensc, exemption or ollm':anthorization fioma, or <br />17 <br />25H -25 <br />