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73850847v2 <br /> <br /> <br />i <br /> <br />TABLE OF CONTENTS <br />Page <br />Article 1 Definitions ........................................................................................................................1 <br />Section 1.01. Definitions......................................................................................................1 <br /> <br />Article 2 The TIF Loan ....................................................................................................................4 <br />Section 2.01. Loan ...............................................................................................................4 <br />Section 2.02. Authorized Use of Loan Proceeds .................................................................4 <br />Section 2.03. Repayment .....................................................................................................4 <br />Section 2.04. Prepayment ....................................................................................................4 <br /> <br />Article 3 Disbursement ....................................................................................................................5 <br />Section 3.01. Conditions Precedent to Disbursement ..........................................................5 <br />Section 3.02. Disbursement of TIF Loan Proceeds .............................................................6 <br /> <br />Article 4 Covenants, Warranties, Representations and Agreements of Borrower ...........................6 <br />Section 4.01. Enforceable Documents .................................................................................6 <br />Section 4.02. Ownership ......................................................................................................6 <br />Section 4.03. Financial Statements ......................................................................................6 <br />Section 4.04. Project Construction.......................................................................................6 <br />Section 4.05. Use of TIF Loan Proceeds .............................................................................7 <br />Section 4.06. Performance ...................................................................................................7 <br />Section 4.07. Refinancing ....................................................................................................7 <br />Section 4.08. Compliance with Low and Moderate Income Requirements ........................7 <br />Section 4.09. Books and Records ........................................................................................7 <br />Section 4.10. Prohibition Against Transfer of Project and Assignment of <br />Agreement ...............................................................................................................8 <br />Section 4.11. Taxes and Assessments ..................................................................................8 <br />Section 4.12. Expenses of the Project ..................................................................................8 <br />Section 4.13. Evidence of Insurance ....................................................................................8 <br />Section 4.14. Commencement and Completion of Construction .........................................8 <br />Section 4.15. Guaranty .........................................................................................................9 <br /> <br />Article 5 Defaults and Remedies .....................................................................................................9 <br />Section 5.01. Events of Default ...........................................................................................9 <br />Section 5.02. Notice of Default..........................................................................................10 <br />Section 5.03. Remedies ......................................................................................................10 <br />Section 5.04. Remedies Not Exclusive ..............................................................................10 <br />Section 5.05. Waiver; Forbearance ....................................................................................10 <br />Section 5.06. Attorneys' Fees .............................................................................................11 <br /> <br />Article 6 Additional Provisions .....................................................................................................11 <br />Section 6.01. Indemnification by Borrower .......................................................................11 <br />Section 6.02. Damage, Destruction and Condemnation ....................................................11