6.3. EDSR 09-04-2018 - Laserfiche WebLink

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products and any other chemical or substance determined to be a hazard to human health or the environment. (m) Program Fee. Deliver to Lender the program fee of $2,000. (n) Indemnity. Deliver to Title any indemnity agreement in favor of Title in the form required by Title in order for Title to issue the title insurance policies referred to above. (o) Expend Funds, Lien Waivers; Property Documents. Not later than 15 days after the issuance of the certificate of occupancy for the Loan Property, Borrower shall deliver to Lender: (i) a copy of the certificate of occupancy for the Loan Property; (ii) a final Project Cost Certificate; and (iii) evidence acceptable to Lender that Borrower has paid all costs of the Project. (p) Lease. Deliver to Lender a copy of the lease agreement for the use of the Loan Property, executed no later than the date of this Agreement, by and between Borrower, as landlord, and the Entity Guarantor, as tenant (the "Lease"). Lender may waive any of the above requirements in its sole discretion. 5. Disbursement of Loan. Upon receipt by Lender of all of the items required pursuant to Section 4 above, with the exception of item (o) which shall be delivered after construction has been completed, in the form and condition required therein and confirmation from Title that Title is prepared to issue the mortgagee's title insurance policy as required herein, Lender agrees to disburse the Loan proceeds to Borrower. 6. Forgivable Loan Requirements and Covenants. (a) Loan Forgiveness Program. This Loan is made pursuant to the Lender's Forgivable Loan Program. From and after the Closing Date through and until the Conversion Date (as defined below), Borrower shall not be required to make any payments of principal or interest, though interest shall accrue at the interest rate set forth in the Note. (b) Reporting. On each anniversary of the Closing Date, Borrower shall provide an annual report in a form acceptable to Lender, certified by an officer of Borrower, reporting: (i) the number of jobs created by Borrower; (ii) the hourly wage paid to each position; (iii) average weekly hours worked by each employee; and (iv) the location of the business, and each annual reports shall have the pay stubs for each employee attached. (c) Guidelines. The Loan will be forgiven as set forth below if Borrower meets all of the following requirements: