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

Furnish to the Qualified Issuer, at the Eligible CDFI's expense, certain annual and periodic financial and performance reporting;

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;

Preserve its corporate existence and Certified CDFI status;

Comply with all laws to which it is subject;

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;

Pay and discharge all Federal, State and local taxes;

Ensure proper use of proceeds of the Bond Loan;

Pay all required administrative expenses;

Indemnify the Guarantor, the CDFI Fund, the Qualified Issuer and the Master Servicer/Trustee and their Affiliates;

Collaterally assign all rights, title, and interest in and to Secondary Loan collateral to the Master Servicer/Trustee;

Maintain the collateral;

Enforce the covenants against the Secondary Borrowers;

Be bound, to the extent applicable, to provisions of the Bond Trust Indenture;

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;

Periodically, as directed by the CDFI Fund, furnish to the Qualified Issuer and/or the CDFI Fund updates to the Capital Distribution Plan; and