2026-35 An Ordinance Authorizing the Issuance and Sale of Revenue Bonds (Millikin University), Series 2026A of the City of Decatur, Macon County, Illinois, in an Aggregate Principal Amount not to Exceed $18,000,000; Authorizing the Execution

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conditions hereof, or if the Borrower shall be in default, such certificate shall specify all such defaults and the nature thereof; and (c) as promptly as possible, such additional information as the City, the Initial Purchaser Representative or the Trustee may reasonably request concerning the Borrower in order to enable the City,the Initial Purchaser Representative or the Trustee to determine whether the covenants, terms and provisions of this Loan Agreement and the Tax Agreement have been complied with by the Borrower, and to evaluate the financial condition,operations, indebtedness or liquidity of the Borrower, and for those purposes all pertinent financial books, documents and vouchers (other than personnel records and such other records which the Borrower is not permitted by law to disclose) relating to its business,affairs and properties shall at all times upon reasonable prior written notice during regular business hours be open to the inspection of such accountant or other agent (who may make copies of all or any part thereof) as shall from time to time be designated and compensated by the City, the Initial Purchaser Representative or the Trustee, as the case may be; The Trustee shall have no duty to review or analyze such financial statements and shall hold such financial statements solely as a repository for the benefit of the Bondholders;the Trustee shall not be deemed to have notice of any information contained therein or event of default that may be disclosed therein in any manner. Without limiting the foregoing, the Borrower will permit the City, the Initial Purchaser Representative and the Trustee (or such persons as the City, the Initial Purchaser Representative or the Trustee may designate)to visit and inspect, at the expense of the City, the Initial Purchaser Representative or the Trustee, as the case may be, any of the properties of the Borrower and to discuss the affairs, finances and accounts of the Borrower with its trustees, officers and independent accountants, all upon reasonable prior written notice at such reasonable times and as often as the City, the Initial Purchaser Representative or the Trustee may reasonably desire. Section 2.06. Taxes, Charges and Assessments. Subject to the provisions of Section 2.08 hereof, to the extent that the Borrower or its properties are or become liable to taxation, the Borrower covenants and agrees to pay or cause to be paid (when the same shall become due and payable)all lawful taxes,charges, impositions,assessments and other governmental levies against the Borrower or its properties. If under applicable law any such tax, charge, imposition, assessment or other governmental levy may at the option of the taxpayer be paid in installments, the Borrower may exercise such option. Nothing contained herein shall be deemed to constitute an admission by either the City or the Borrower that either the City or the Borrower is liable for any tax, charge, imposition, assessment or other governmental levy. Section 2.07. Compliance with Laws The Borrower shall, through the term of this Loan Agreement and at no expense to the City,promptly comply or cause compliance with all applicable laws,ordinances, orders,rules,regulations and requirements of duly constituted public authorities which may be applicable to the Borrower, its operations or the Financed Property, or to the repair -9-