80A - JT PH VISTA DEL RIO HOUSING

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(a) any filed litigation or claim affecting or relating to the Property and involving an amount in excess of $5,000; and any litigation or claim that might subject Vista Del Rio or any general partner to liability in excess of $5,000, whether covered by insurance or not; (b) any dispute between Vista Del Rio and a Governmental Authority relating to the Property, the adverse determination of which might materially affect the Property; (c) any change in Vista Del Rio's principal place of business; (d) any aspect of the Improvements that is not in substantial conformity with the plans or code; (e) any Event of Default or event which, with the giving of notice or the passage of time or both, would constitute an Event of Default; (f) any material default by Vista Del Rio or any other party under any Senior Loan document, or the receipt by Vista Del Rio of any notice of default under any Senior Loan document; (g) the creation or imposition of any mechanics' or materialmans' lien or other lien against the Property which might materially affect the Property; and/or Vista Del Rio. (h) any material adverse change in the financial condition of 15.4 Further Assurances. Vista Del Rio shall execute and acknowledge (or cause to be executed and acknowledged) and deliver to City all documents, and take all actions, reasonably required by City from time to time to confirm the rights created or now or hereafter intended to be created under the Loan Documents; to protect and further the validity, priority and enforceability of the City Deeds of Trust; to subject to the Deed(s) of Trust any property intended by the terms of any Loan Document(s) to be covered by the City Deeds of Trust or otherwise to carry out the purposes of the Loan Documents and the transactions contemplated thereunder . 15.5 Annual Financial Statements. Vista Del Rio shall deliver to City, within one hundred twenty (120) days after the end of each Calendar Year, (a) a certified public accountant reviewed balance sheet for Vista Del Rio as of the end of such Calendar Year and a certified public accountant reviewed statement of profit and loss for Vista Del Rio and for Vista Del Rio's operations in connection with the Property for such Calendar Year, together with all supporting schedules, (b) a certificate of such certified public accountant that such documents were reviewed by such certified public accountant in accordance with generally accepted accounting principles and otherwise comply with generally accepted accounting principles review 30 80A-106