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11-13-2024 Council Packet
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11-13-2024 Council Packet
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12/12/2024 5:24:06 PM
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135242317v3 <br /> <br />TABLE OF CONTENTS <br /> <br />Page <br /> <br /> -i- <br /> <br />ARTICLE I DEFINITIONS; INTERPRETATION............................................................. 3 <br />Section 1.01 Definitions............................................................................................ 3 <br />Section 1.02 Interpretation ........................................................................................ 5 <br />ARTICLE II REPRESENTATIONS, WARRANTIES AND COVENANTS ..................... 5 <br />Section 2.01 Representations, Warranties and Covenants of Governmental <br />Lender .................................................................................................. 5 <br />Section 2.02 Representations, Warranties and Covenants of Borrower ................... 7 <br />Section 2.03 Representations and Warranties of Fiscal Agent ............................... 10 <br />Section 2.04 Arbitrage and Rebate Fund Calculations ........................................... 12 <br />Section 2.05 Tax Covenants of Borrower ............................................................... 12 <br />ARTICLE III THE PROJECT LOAN .................................................................................. 13 <br />Section 3.01 Conditions to Funding the Project Loan ............................................ 13 <br />Section 3.02 Terms of the Project Loan; Servicing ................................................ 14 <br />Section 3.03 Deposits.............................................................................................. 16 <br />Section 3.04 Pledge and Assignment to Fiscal Agent ............................................ 16 <br />Section 3.05 Investment of Funds ........................................................................... 16 <br />Section 3.06 Damage; Destruction and Eminent Domain ...................................... 16 <br />Section 3.07 Enforcement of Financing Documents .............................................. 16 <br />ARTICLE IV LOAN PAYMENTS ...................................................................................... 17 <br />Section 4.01 Payments Under the Project Note; Independent Obligation of <br />Borrower ............................................................................................ 17 <br />Section 4.02 Additional Payments Under the Project Note and Project Loan <br />Agreement. ......................................................................................... 18 <br />Section 4.03 Payments to Rebate Fund................................................................... 20 <br />Section 4.04 Prepayment. ....................................................................................... 20 <br />Section 4.05 Borrower’s Obligations Upon Prepayment ........................................ 21 <br />Section 4.06 Limits on Personal Liability............................................................... 21 <br />ARTICLE V SPECIAL COVENANTS OF BORROWER ................................................ 22 <br />Section 5.01 Performance of Obligations ............................................................... 22 <br />Section 5.02 Compliance with Applicable Laws .................................................... 22 <br />Section 5.03 Funding Loan Agreement Provisions ................................................ 22
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