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(d) Developer will construct, or cause to be constructed, the Developer's Minimum <br /> Improvements in accordance with all local, county, state or federal energy-conservation laws or <br /> regulations. <br /> (e) For the Developer's Minimum Improvements, Developer will timely apply for <br /> and diligently pursue all required permits, licenses and approvals, and will meet, in a timely <br /> manner, all requirements of all applicable local, county, state and federal laws and regulations <br /> which must be obtained or met before the Developer's Minimum Improvements may be lawfully <br /> constructed. <br /> (f) To the best of Developer's knowledge and belief, neither the execution and <br /> delivery of this Agreement, the consummation of the transactions contemplated hereby, nor the <br /> fulfillment of or compliance with the terms and conditions of this Agreement is prevented, <br /> limited by or conflicts with or results in a breach of, the terms, conditions or provisions of any <br /> partnership or company restriction or any evidences of indebtedness, agreement or instrument of <br /> whatever nature to which Developer is now a party or by which it is bound, or constitutes a <br /> default under any of the foregoing. <br /> 7 <br /> 512017v5 JSB BL185-52 <br />