Nashua Performing Arts Center — NMTC Term Sheet Confidential
October 14, 2020
i Deposit actually paid by Borrower and/or Project Sponsor to
Investor.
3. The parties to this letter agree and acknowledge that the
foregoing provisions of this letter shall be the sole and exclusive remedy
available to the parties to this letter upon a termination of this letter and that no
other damages or remedies (whether at law or equity) shall be available to
them.
| QALICB and
Gasrantor
In addition to any reporting requiroments of Allocatce and Sub-CDE, Borrower
and guarantors) will be required to satisfy these reporting requirements
throughout the investment term and such requirements will be incosporated in the
QLICI Loan Documentation. These reposting requirements will include, at a
minimum:
1. Annus! GAAP basis financial statements of Borrower and financial
statements of Project Sponsor under the governmental accounting standards
applicable, including supplemental schedules, within such time periods as
required by Investor and MCD
2 IRS Tax Return of Borrower within such time periods as required by Investor
and MCD.
bee Catent” 4
3. Annual delivery of & copy of the Project Sponsor’s"S&P, Fie and/or
Moody’s bond rating report.
4. Quarterly financial statements including a balance sheet, income statement,
cash flows, and equity statement (if application) of Borrower within such
time periods as required by Investor and MCD.
6. Other information reasouably requested by Investor and/or SubCDE to
evaluate the financial condition and cash flow of Bomower and Project
33231395
