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JUL-25-02 THU 16� 11 IEPA WATER FAX N0. 2177851225 P, 11 <br /> (b) Tha Recipient aclrnowlcdgcs that if Loan-financed property is sold or othcrwise <br /> dispoxed of in a manner con�ary to (a) above, such sale or disposition may consrilutc a <br /> "deliberate action" within the meaning of the Re�u.la�ions that may require r�medial actions to <br /> prcvcnt boncis �ina�acin� the Loan from becoming private activity boncis. Tlze Recipient shall <br /> promptly contact the Agtncy if a sale or other disposition of i..oan-finaneed property is <br /> considcrcd by the Recipient. <br /> Appendix A, Section 11. Mainte�cance of Tax Fxemptton. ?he Recipient recognizcs that <br /> investors in taac-cxempt bonds are rclyin�oa th�se covenants, and r�vill contact the Agency if the <br /> Recipient deterinincs that it may have violated any covenazit or if it is unsure of any aetion <br /> required of it. The Agency may undet such circumstances provide the Recipier�t with addittonal <br /> instivctions. <br /> Thc�c tax oov�nnonts may be supplemented or amanded by the Racipioat and the Agtncy, <br /> and covcnants contained herein ueed not be observed if such supplementation. amendment, or <br /> non-observance wilI not adversely affa;t the tax status of any bands of the State of IIlinois or its <br /> agencies or authoritics�cing the cic�a water and safe drinkiag water prograams af the State of <br /> Illinois intended tv bc tax cxcmpt, aud the R�cipient abtains an opinion of Bond Counsel <br /> addressed to the Agency and thc State of IlIinois to that effecK. . <br /> A-5 <br /> o c�,,,�„rro cun.�,,vr�u.,200►�v�w,tM.ot� <br />