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NO LITIGATION
The Issuer
To the actual knowledge of the Issuer, there is no action, suit, proceeding, inquiry or investigation,
at law or in equity, before or by any court, governmental agency, public board or body, pending or
threatened against the Issuer in any way affecting the organization of the Issuer, or the legal or corporate
existence of the Issuer, or the title of the members of the Issuer to their respective offices, or any powers of
the Issuer under the Constitution or the laws of the Commonwealth pursuant to which the Issuer was
created; seeking to prohibit, restrain or enjoin the issuance, sale or delivery of the Bonds or the collection
of revenues from the Borrower derived from payments under the Loan Agreement, or the pledge thereof;
contesting or affecting the validity or enforceability of the Bonds or any of the documents entered into by
the Issuer in connection with the transaction described in this Official Statement (the “Issuer Documents”);
contesting the power of the Issuer to enter into, execute and deliver the Issuer Documents or to consummate
the transactions contemplated by such documents and this Official Statement; contesting in any way the
completeness or accuracy of the information in this paragraph or under “THE ISSUER” herein or any
amendment or supplement hereto or thereto (nor to the actual knowledge of the Issuer, is there any basis
therefor); or wherein an unfavorable decision, ruling or finding would materially adversely affect the
validity or enforceability of the Issuer Documents, or the exclusion from gross income for federal income
tax purposes of the interest on the Bonds.
The Borrower
There is no action, suit, proceeding, inquiry or investigation of which the Borrower has been
notified, at law or in equity, before or by any judicial or administrative court or governmental agency or
body, state, federal or other, pending or, to the best knowledge of the Borrower, threatened against the
Borrower or the General Partner, affecting the existence of the Borrower or the General Partner or the titles
of their respective officers to their respective offices, or contesting or affecting as to the Borrower or the
General Partner, as applicable, the validity or enforceability of the Bonds, any of the documents entered
into by the Borrower in connection with the transaction described in this Official Statement (the “Borrower
Documents”) or the execution and delivery or adoption by the Borrower of any Borrower Document, or in
any way contesting or challenging the completeness or accuracy of this Official Statement or the powers of
the Borrower or the General Partner or their respective authority with respect to the Borrower Documents
or the consummation of the transactions contemplated hereby or thereby; nor, to the best knowledge of the
Borrower, is there any basis for any such action, suit, proceeding, inquiry or investigation, wherein an
unfavorable decision, ruling or finding would materially adversely affect the Borrower’s or the General
Partner’s financial condition or operations or the validity of the authorization, execution, delivery or
performance by the Borrower or the General Partner, as applicable, of any Borrower Document.
UNDERWRITING
The Bonds are being purchased by Colliers Securities LLC (the “Underwriter”) at the price listed
on the cover page hereof. As consideration for its underwriting of the Bonds, the Underwriter will be paid
an aggregate fee equal to $________, plus $________ to reimburse the Underwriter for certain fees and
expenses.
The Underwriter has committed to purchase all of the Bonds if any of such Bonds are purchased,
the obligation to make such purchase being subject to certain terms and conditions set forth in the Bond
Purchase Agreement, the approval of certain legal matters by counsel, and certain other information, and
to use its best efforts to sell the Bonds. The Bonds are being offered for sale at the price set forth on the
cover page of this Official Statement, which price may be lowered by the Underwriter from time to time
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