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made or tendered by Assignee. Copies of all notices which are sent to Assignee under the Loan Documents shall also be sent to Assignee's limited partner at: U.S. Bancorp Community Development Corporation 1307 Washington Avenue, Suite 300 Mail Code: SL MO RMCD St. Louis, MO 63103 Attn.: Director of Project Management Phone: (314) 335-2600 Fax: (314) 335-2601 with a copy to: Kutak Rock LLP 1650 Farnam Street Omaha, NE 68102 Attn: Jill H. Goldstein 11.2 Each of following transfers shall be permitted under the Loan Documents and shall not constitute a default thereunder: (a) transfers of the respective interests of Assignee's limited partner to any ' entity which is either(a) an affiliate of the limited partner or(b) which is controlled, directly or indirectly,by Assignee's limited partner or an affiliate thereof. (b) transfers of interests within Assignee's limited partner. (c) the removal or withdrawal in lieu of removal of a general partner of Assignee by its limited partner for cause in accordance with Assignee's partnership agreement and the replacement thereof by Assignee's limited partner or an affiliate thereof without the consent of the City or by another entity with the prior written consent of the City, which consent shall not be unreasonably withheld. (d) execution of a purchase option and/or right of first refusal agreement by the Assignee's general partner or an affiliate, to be exercised following expiration of the fifteen- year"compliance period" as defined in and determined in accordance with Section 42(i) of the Internal Revenue Code of 1986, as amended("Code"). 11.3 Assignee intends to enter into an extended use agreement, which constitutes the extended low-income housing commitment described in Code Section 42(h)(6)(B). As of the date hereof Code Section 42(h)(6)(E)(ii) does not permit the eviction or termination of tenancy (other than for good cause) of an existing tenant of any low-income unit or any increase in the gross rent with respect to such unit not otherwise permitted under Code Section 42 for a period of three (3) years after the date the building is acquired by foreclosure or by instrument in lieu of foreclosure. In the event the requisite extended use agreement is recorded against the Project, City agrees to comply with the provisions set forth in Code Section 42(h)(6)(E)(ii). 4 Assignment and Modification—750k HOME