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04-26-2023 Council Packet
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04-26-2023 Council Packet
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8/24/2023 5:08:29 PM
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77060900v2 <br /> <br /> <br /> iii <br /> <br />ARTICLE 8 DEPOSITS ................................................................................................................ 39 <br />Section 8.1 Deposits to and Disbursements from the Replacement Reserve Account .......... 39 <br />Section 8.2 Deposits to Tax and Insurance Escrow Account ................................................ 39 <br />Section 8.3 [Intentionally Omitted.] ...................................................................................... 39 <br />Section 8.4 Establishment of Operating Reserve Account .................................................... 39 <br />Section 8.5 Investment ........................................................................................................... 40 <br />Section 8.6 Security Interest in Accounts .............................................................................. 40 <br />Section 8.7 Liability of Funding Lender ................................................................................ 40 <br />ARTICLE 9 CONSTRUCTION AND FUNDING OF ADVANCES ........................................... 40 <br />Section 9.1 Construction of Project Facilities; Completion and Stabilization ....................... 40 <br />Section 9.2 Making The Advances. ....................................................................................... 41 <br />Section 9.3 Advances to Contractors; to Others .................................................................... 41 <br />Section 9.4 Requisition .......................................................................................................... 41 <br />Section 9.5 Project Costs ....................................................................................................... 41 <br />Section 9.6 Retainage ............................................................................................................ 41 <br />Section 9.7 Contingency Reserve .......................................................................................... 42 <br />Section 9.8 Stored Materials; Removal of Materials ............................................................. 42 <br />Section 9.9 Cost Overruns and Savings ................................................................................. 42 <br />Section 9.10 Right to Retain the Engineering Consultant ....................................................... 43 <br />Section 9.11 Inspections .......................................................................................................... 43 <br />Section 9.12 Initial Advances .................................................................................................. 43 <br />Section 9.13 Subsequent Advances ......................................................................................... 43 <br />Section 9.14 Construction Information and Verification ......................................................... 44 <br />Section 9.15 Effect of Approval .............................................................................................. 45 <br />ARTICLE 10 MISCELLANEOUS .................................................................................................. 45 <br />Section 10.1 Notices ................................................................................................................ 45 <br />Section 10.2 Successors and Assigns; Third Party Beneficiaries ............................................ 46 <br />Section 10.3 Survival of Covenants ......................................................................................... 47 <br />Section 10.4 Counterparts; Electronic Signature ..................................................................... 47 <br />Section 10.5 Costs, Expenses and Taxes ................................................................................. 47 <br />Section 10.6 Severability; Interest Limitation ......................................................................... 47 <br />Section 10.7 Conflicts .............................................................................................................. 47 <br />Section 10.8 Complete Agreement .......................................................................................... 48 <br />Section 10.9 Consent to Jurisdiction; Venue; Waiver of Jury Trial ........................................ 48 <br />Section 10.10 Governing Law ................................................................................................... 48 <br />Section 10.11 Headings ............................................................................................................. 48 <br />Section 10.12 Sale of Governmental Notes and Secondary Market Transaction. ..................... 48 <br />Section 10.13 Nonrecourse. ....................................................................................................... 51 <br />Section 10.14 Publicity .............................................................................................................. 54 <br />Section 10.15 Determinations by the Funding Lender and Controlling Person ........................ 54 <br />Section 10.16 Further Assurances ............................................................................................. 55 <br /> <br /> <br />EXHIBIT A FORM OF BORROWER NOTE ....................................................................... A-1 <br />EXHIBIT B FORM OF WRITTEN REQUISITION OF THE BORROWER ...................... B-1 <br />EXHIBIT C MOLD/MILDEW ADDENDUM ...................................................................... C-1 <br />SCHEDULE 1 SCHEDULE OF LITIGATION ........................................................................ S1-1 <br />SCHEDULE 2 SCHEDULE OF OBLIGATIONS AND MATERIAL CONTRACTS ............ S2-1
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