12 CFR §1808.611 — Covenants of Eligible CDFI with respect to Bond and each Bond Loan.

1. (a)Furnish to the Qualified Issuer, at the Eligible CDFI's expense, certain annual and periodic financial and performance reporting;
2. (b)Maintain books and records related to the Bond Loan and Secondary Loans, the collateral and the project that is to be financed by Bond Loan proceeds, and allow inspection thereof;
3. (c)Preserve its corporate existence and Certified CDFI status;
4. (d)Comply with all laws to which it is subject;
5. (e)Maintain insurance, as required by the Qualified Issuer, against such risks as would customarily be maintained by commercially reasonable companies in a similar line of business;
6. (f)Pay and discharge all Federal, State and local taxes;
7. (g)Ensure proper use of proceeds of the Bond Loan;
8. (h)Pay all required administrative expenses;
9. (i)Indemnify the Guarantor, the CDFI Fund, the Qualified Issuer and the Master Servicer/Trustee and their Affiliates;
10. (j)Collaterally assign all rights, title, and interest in and to Secondary Loan collateral to the Master Servicer/Trustee;
11. (k)Maintain the collateral;
12. (l)Enforce the covenants against the Secondary Borrowers;
13. (m)Be bound, to the extent applicable, to provisions of the Bond Trust Indenture;
14. (n)Periodically, as directed by the CDFI Fund, furnish certain information designed to measure the impacts of the Bond Loan and the CDFI Bond Guarantee Program;
15. (o)Periodically, as directed by the CDFI Fund, furnish to the Qualified Issuer and/or the CDFI Fund updates to the Capital Distribution Plan; and
16. (p)Comply with all other representations and warranties set forth in the Bond Loan documents.