04-26-2023 Council Packet - Laserfiche WebLink

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77060900v2 i ARTICLE 1 DEFINITIONS ............................................................................................................ 1 Section 1.1 Definitions ............................................................................................................ 1 Section 1.2 Rules of Construction; Time of Day ..................................................................... 1 ARTICLE 2 LOAN AND PROVISIONS FOR REPAYMENT ...................................................... 2 Section 2.1 Basic Loan and Repayment Terms ....................................................................... 2 Section 2.2 Fees ....................................................................................................................... 3 Section 2.3 Termination and Prepayment ................................................................................ 3 Section 2.4 Obligations Absolute ............................................................................................ 4 Section 2.5 Indemnification ..................................................................................................... 4 Section 2.6 Amounts Remaining on Deposit Upon Payment of the Governmental Note ....................................................................................................................... 6 ARTICLE 3 SECURITY ................................................................................................................. 6 Section 3.1 Mortgage and Other Funding Loan Documents. .................................................. 6 Section 3.2 Financing Statements. ........................................................................................... 6 ARTICLE 4 REPRESENTATIONS OF GOVERNMENTAL LENDER ....................................... 7 Section 4.1 Representations by the Governmental Lender. ..................................................... 7 Section 4.2 No Liability of Governmental Lender; No Charge Against Governmental Lender’s Credit ..................................................................................................... 8 ARTICLE 5 REPRESENTATIONS AND WARRANTIES OF THE BORROWER ..................... 9 Section 5.1 Existence ............................................................................................................... 9 Section 5.2 Power, Authorization and No Conflicts ................................................................ 9 Section 5.3 Governmental Authorizations and Other Approvals ............................................ 9 Section 5.4 Validity and Binding Effect ................................................................................ 10 Section 5.5 No Litigation ....................................................................................................... 10 Section 5.6 No Violations ...................................................................................................... 10 Section 5.7 Compliance ......................................................................................................... 10 Section 5.8 Title to Properties; Liens and Encumbrances ..................................................... 11 Section 5.9 Utilities and Access ............................................................................................ 11 Section 5.10 Financial Information. ........................................................................................ 11 Section 5.11 ERISA ................................................................................................................. 11 Section 5.12 Environmental Representations .......................................................................... 12 Section 5.13 Outstanding Obligations and Material Contracts ................................................ 12 Section 5.14 Solvency ............................................................................................................. 13 Section 5.15 Full Disclosure .................................................................................................... 13 Section 5.16 Funding Loan Documents ................................................................................... 13 Section 5.17 Illegal Activity .................................................................................................... 13 Section 5.18 Executive Order 13224 ....................................................................................... 13 Section 5.19 No Broker ........................................................................................................... 14 Section 5.20 Construction Contract; Architect’s Agreement .................................................. 14 Section 5.21 Development Budget .......................................................................................... 14 Section 5.22 Plans and Specifications ..................................................................................... 14 Section 5.23 Survey. ................................................................................................................ 14 Section 5.24 Flood Plain .......................................................................................................... 14 Section 5.25 [Intentionally Omitted.] ...................................................................................... 14 Section 5.26 Requisition .......................................................................................................... 14