06-08-2022 Council Packet - Laserfiche WebLink

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73495086v3 iii Section 7.8 Default Rate; Acceleration Premium .................................................................. 37 Section 7.9 Reserved Rights; Regulatory Agreement Defaults ............................................. 37 ARTICLE 8 DEPOSITS ................................................................................................................ 39 Section 8.1 Deposits to and Disbursements from the Replacement Reserve Account .......... 39 Section 8.2 Deposits to Tax and Insurance Escrow Account ................................................ 39 Section 8.3 [Intentionally Omitted.] ...................................................................................... 39 Section 8.4 Deposits to Operating Reserve Account ............................................................. 39 Section 8.5 Investment. Funds in the Accounts shall be invested in Permitted Investments upon the direction of the Borrower with the consent of the Controlling Person, as set forth in Section 4.7 of the Funding Loan Agreement ........................................................................................................... 39 Section 8.6 Security Interest in Accounts .............................................................................. 40 Section 8.7 Liability of Funding Lender ................................................................................ 40 ARTICLE 9 CONSTRUCTION AND FUNDING OF ADVANCES ........................................... 40 Section 9.1 Construction of Project Facilities; Completion and Stabilization ....................... 40 Section 9.2 Making The Advances ........................................................................................ 40 Section 9.3 Advances to Contractors; to Others .................................................................... 41 Section 9.4 Requisition .......................................................................................................... 41 Section 9.5 Project Costs ....................................................................................................... 41 Section 9.6 Retainage ............................................................................................................ 41 Section 9.7 Contingency Reserve .......................................................................................... 41 Section 9.8 Stored Materials; Removal of Materials ............................................................. 41 Section 9.9 Cost Overruns and Savings ................................................................................. 42 Section 9.10 Right to Retain the Engineering Consultant ....................................................... 42 Section 9.11 Inspections .......................................................................................................... 43 Section 9.12 Initial Advances .................................................................................................. 43 Section 9.13 Subsequent Advances ......................................................................................... 43 Section 9.14 Construction Information and Verification ......................................................... 43 Section 9.15 Effect of Approval .............................................................................................. 44 ARTICLE 10 MISCELLANEOUS .................................................................................................. 44 Section 10.1 Notices ................................................................................................................ 44 Section 10.2 Successors and Assigns; Third Party Beneficiaries ............................................ 46 Section 10.3 Survival of Covenants ......................................................................................... 46 Section 10.4 Counterparts; Electronic Signature ..................................................................... 46 Section 10.5 Costs, Expenses and Taxes ................................................................................. 46 Section 10.6 Severability; Interest Limitation ......................................................................... 47 Section 10.7 Conflicts .............................................................................................................. 47 Section 10.8 Complete Agreement .......................................................................................... 47 Section 10.9 Consent to Jurisdiction; Venue; Waiver of Jury Trial ........................................ 47 Section 10.10 Governing Law ................................................................................................... 48 Section 10.11 Headings ............................................................................................................. 48 Section 10.12 Sale of Governmental Notes and Secondary Market Transaction ...................... 48 Section 10.13 Nonrecourse ........................................................................................................ 50 Section 10.14 Publicity .............................................................................................................. 53 Section 10.15 Determinations by the Funding Lender and Controlling Person ........................ 54 Section 10.16 Further Assurances ............................................................................................. 54