2.6.6 Certification

A. The MAP Lender must certify and agree that it:

1. Does not have outstanding loans or advances to the Borrower’s Team or to any of the Sponsors, the General Contractor or the Architect for any purpose directly or indirectly related to the MAP transaction without prior written approval of HUD;

2. Will not make any loans or advances to the aforementioned parties for any purpose directly or indirectly related to the MAP transaction without prior written approval of HUD; and

3. Has not made or offered, and shall not make or offer, any guarantees, pledges, reservations of sums to become due or other inducements to any entity or person associated with the MAP transaction.

B. In the following circumstances, certification is not required: a) loan advances made in accordance with Program Obligations; b) notes given to evidence additional financing charges owed by Borrower to the MAP Lender as authorized in the MAP Guide and as disclosed pursuant to the Lender’s Certificate (form HUD-92434M or later designation) or the Certificate of Lender contained in the Request for Endorsement of Credit Instrument (form HUD-92455M or later designation), as applicable; or c) Lender advances made pursuant to the Security Instrument (form HUD-94000M or later designation).