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covenants that it will cooperate with the Borrower, at the Borrower's expense and at its direction, <br /> in connection with such examination. <br /> Section 2.05. Financial Statements, Etc. The Borrower covenants that it will keep proper <br /> books of records and accounts in which full, true and correct entries will be made of all dealings <br /> or transactions of or in relation to the business and affairs of the Borrower, in accordance with <br /> generally accepted accounting principles consistently maintained;provided, however, that internal <br /> interim books of records and accounts of the Borrower need not be kept in accordance with <br /> generally accepted principles of accounting. In addition, an Authorized Officer will furnish the <br /> items referred to in the following clauses (a), (b) and (c) below, to the City, the Trustee and the <br /> Initial Purchaser Representative: <br /> (a) within 210 days after the end of each Fiscal Year of the Borrower, <br /> commencing with Fiscal Year 2026, the financial statements of the Borrower certified by <br /> Sikich CPA LLC, independent certified public accountants, or by another Accountant of <br /> for such Fiscal Year and containing those financial statements customarily prescribed for <br /> similar educational institutions, including a balance sheet as at the end of such Fiscal Year, <br /> together with a separate written statement of the Accountants certifying such report that <br /> such Accountants have obtained no knowledge of any default by the Borrower in the <br /> fulfillment of any of the terms,covenants,provisions or conditions of this Loan Agreement <br /> relating to financial matters, or, if such Accountants shall have obtained knowledge of any <br /> such default or defaults and the nature thereof, they shall disclose the same; but such <br /> Accountants shall not be liable directly or indirectly to anyone for failure to obtain <br /> knowledge of any default; <br /> (b) for each year that this Loan Agreement remains in effect,the Borrower will <br /> furnish to the Trustee and the Initial Purchaser Representative annually no later than 210 <br /> days after the end of the Borrower's Fiscal Year, commencing with Fiscal Year 2026, a <br /> Certificate of the Borrower, signed by an Authorized Officer, stating that(i) the Borrower <br /> has made a review of its activities during the preceding calendar year for the purpose of <br /> determining whether or not the Borrower has complied with all federal tax and federal <br /> securities law requirements relating to the bond issue and has determined that the Borrower <br /> is in compliance with all requirements,(ii)the Borrower's post issuance compliance policy <br /> contains at least: (a) an identification of a responsible officer or officers for bond <br /> compliance, (b)procedures for record retention, including a requirement to maintain <br /> records for the entire record retention period(generally, four years after the date on which <br /> the last bond of the issue is retired), (c)procedures to assure that the arbitrage yield <br /> restriction and rebate requirements are met, and (d)procedures to take remedial action, if <br /> required, including acknowledgement of the voluntary closing agreement program of the <br /> Internal Revenue Service, (iii)the Borrower is in compliance with its post issuance <br /> compliance policy, (iv)the Borrower has made a review of its activities during the <br /> preceding calendar year for the purpose of determining whether or not the Borrower has <br /> complied with all of the terms, provisions and conditions of this Loan Agreement; (v) the <br /> Borrower has kept, observed, performed and fulfilled each and every covenant, provision <br /> and condition of this Loan Agreement on its part to be performed; and(vi)the Borrower is <br /> not in default in the performance or observance of any of the covenants, provisions or <br /> -8- <br />