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(e) The Trustee shall retain $_____ in the Project Fund for the payment of costs of the Project
not yet due or for liabilities which the Borrower is contesting or which otherwise should be retained, for
the following reasons: ____________________________________.
(f) This Certificate is given without prejudice to any rights against third parties that now exist
or subsequently may come into being.
IN WITNESS WHEREOF, the Authorized Borrower Representative has set his or her hand as of
the ___ day of __________, 20__.
Authorized Borrower Representative
By:
Its:
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