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9.2.1 Developer has all requisite authority to execute and perform its <br />obligations under the Agency Loan Documents. <br />9.2.2 The execution and delivery by Developer of, and the performance <br />by Developer of its obligations under, each Loan Document that has been authorized by all <br />necessary action and does not and will not: <br />(a) require any consent or approval not heretofore <br />obtained of any person having any interest in Developer; <br />(b) violate any provision of, or require any consent or <br />approval not heretofore obtained under, any articles of incorporation, by-laws or other <br />governing document applicable to Developer; <br />(c) result in or require the creation of any lien, claim, <br />charge or other right of others of any kind (other than under the Agency Loan Documents) <br />on or with respect to any property now or hereafter owned or leased by Developer; <br />(d) to the best of its knowledge, violate any provision of <br />any law presently in effect; or <br />(e) constitute a breach or default under, or permit the <br />acceleration of obligations owed under, any contract, loan agreement, lease or other <br />agreement or document to which Developer is a party or by which Developer or any of its <br />property is bound. <br />9.2.3 Developer is not in default, in any respect that is materially adverse <br />to the interests of Agency under the Agency Loan Documents or that would have any <br />material adverse effect on the financial condition of Developer or the conduct of its <br />business, under any law, contract, lease or other agreement or document described in sub- <br />paragraph (d) or (e) of the previous subsection. <br />9.2.4 No approval, license, exemption or other authorization from, or <br />filing, registration or qualification with, any Governmental Authority is required which has <br />not been previously obtained in connection with: <br />(a) the execution by Developer of, and the performance <br />by Developer of its obligations under, the Agency Loan Documents; and <br />(b) the creation of the liens described in the Agency <br />Loan Documents. <br />9.3 Financial and Other Information. To the best of Developer's knowledge, <br />all financial information furnished to Agency by the Developer or any affiliate thereof with <br />respect to Developer in connection with the Loan (a) is complete and correct in all material <br />respects as of the date of preparation thereof, (b) accurately presents the financial condition <br />of Developer, and (c) has been prepared in accordance with generally accepted accounting <br />80A-110 <br />