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the Indenture, as provision of and security for the payment of the principal of and interest on the Bonds,
and to similarly pledge all money, securities and earnings held in the funds and accounts held under the
Indenture, all in the manner described in the Bond Resolution, the Indenture and the Loan Agreement; (iv)
to loan the proceeds of the Bonds to the Borrower for the purpose set forth in the Official Statement; and
(v) to carry out and consummate the transactions contemplated by the Official Statement and the Issuer
Documents.
(b) The Issuer, with respect to the Bonds, has complied and will, at the Closing Date, be in
compliance in all material respects, with the Issuer Documents and the relevant laws of the Commonwealth;
(c) At or prior to the Closing, (i) the Issuer will have taken all action required to be taken by it
to authorize the issuance and sale of the Bonds and the performance of its obligations hereunder, including,
without limitation, the due and valid adoption of the Bond Resolution; (ii) the execution and delivery of,
and the performance by the Issuer of the obligations contained in the Bonds, this Bond Purchase Agreement
(as of the date hereof) and the Issuer Documents shall have been duly authorized, and when executed this
Bond Purchase Agreement, and the Issuer Documents (assuming the due authorization, execution and
delivery by the other parties thereto) will constitute valid and legally binding obligations of the Issuer
enforceable against the Issuer in accordance with their respective terms, subject to any applicable
bankruptcy, insolvency, reorganization or similar laws affecting the enforcement of creditors’ rights
generally and the application of equitable principles where equitable remedies are sought and limitations
on the enforcement of judgments against public bodies; (iii) the Issuer will have duly authorized the
consummation by it of all transactions contemplated by this Bond Purchase Agreement; and (iv) the Issuer
Documents will have been duly and validly authorized by the Issuer and will be at Closing in full force and
effect;
(d) Between the date hereof and the Closing, the Issuer will not, except with respect to the
issuance of the Multifamily Housing Revenue Bonds (Stuart Gardens II Apartments) Series 2026, without
notifying the Underwriter in writing, issue any bonds, notes or other obligations for borrowed money on
behalf of the Borrower except for such borrowings as may be described in or contemplated by the Official
Statement;
(e) To its actual knowledge, no further consent, approval, authorization or order of, or filing,
registration or declaration with, any court or governmental agency or body which shall not have been
obtained on or prior to Closing is required for the issuance, delivery or sale of the Bonds, or the
consummation of the other transactions effected or contemplated herein or hereby except for such actions
as may be necessary to be taken to qualify the Bonds for offer and sale under the Blue Sky or other securities
laws and regulations of such states and jurisdictions of the United States as the Underwriter shall designate;
(f) The information in the Issuer Portion of the Preliminary Official Statement, as of its date
and the date hereof, and in the Issuer Portion of the Official Statement, as of its date and the Closing Date
(including any supplements and amendments thereto), does not and will not contain any untrue statement
of a material fact or omit to state any material fact required to be stated therein necessary to make the
statements therein, in light of the circumstances under which they were made, not misleading;
(g) To its actual knowledge, the Issuer, with respect to the Bonds, is not in material breach of
or default under any applicable law or administrative regulation of the Commonwealth, any department,
division, agency or instrumentality thereof, or the United States or any applicable judgment or decree or
any loan agreement, note, resolution, certificate, agreement or other instrument to which the Issuer is a
party or is otherwise subject; and the adoption of the Bond Resolution and the execution and delivery of
this Bond Purchase Agreement, the Bonds, the other Issuer Documents and all other documents to be
executed by the Issuer in connection with the issuance of the Bonds, and compliance with the provisions of
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