11-13-2024 Council Packet - Laserfiche WebLink

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135242345v3 TABLE OF CONTENTS (continued) Page -ii- Section 5.01 Payment of Principal and Interest ...................................................... 35 Section 5.02 Performance of Covenants ................................................................. 35 Section 5.03 Instruments of Further Assurance ...................................................... 35 Section 5.04 Inspection of Project Books ............................................................... 36 Section 5.05 No Modification of Security; Additional Indebtedness ..................... 36 Section 5.06 Damage, Destruction or Condemnation ............................................. 37 Section 5.07 Tax Covenants. .................................................................................. 37 Section 5.08 Representations and Warranties of Governmental Lender ................ 38 ARTICLE VI DEFAULT PROVISIONS AND REMEDIES OF FISCAL AGENT AND FUNDING LENDER. .......................................................................... 39 Section 6.01 Events of Default ............................................................................... 39 Section 6.02 Acceleration; Other Remedies Upon Event of Default ...................... 40 Section 6.03 Funding Lender Representative Control of Proceedings ................... 41 Section 6.04 Waiver by Governmental Lender ....................................................... 41 Section 6.05 Application of Money After Default .................................................. 41 Section 6.06 Remedies Not Exclusive .................................................................... 42 Section 6.07 Fiscal Agent May Enforce Rights Without Governmental Note ....... 42 Section 6.08 Termination of Proceedings ............................................................... 43 Section 6.09 Waivers of Events of Default ............................................................. 43 Section 6.10 Interest on Unpaid Amounts and Default Rate for Nonpayment ....... 43 Section 6.11 Assignment of Project Loan; Remedies Under the Project Loan. .................................................................................................. 43 Section 6.12 Substitution ........................................................................................ 44 ARTICLE VII CONCERNING FISCAL AGENT. ............................................................... 44 Section 7.01 Standard of Care ................................................................................ 44 Section 7.02 Reliance Upon Documents ................................................................ 45 Section 7.03 Use of Proceeds.................................................................................. 48 Section 7.04 Trust Imposed .................................................................................... 49 Section 7.05 Compensation of Fiscal Agent ........................................................... 49 Section 7.06 Qualifications of Fiscal Agent ........................................................... 50 Section 7.07 Merger of Fiscal Agent ...................................................................... 50 Section 7.08 Resignation by Fiscal Agent .............................................................. 50 Section 7.09 Removal of Fiscal Agent ................................................................... 51 Section 7.10 Appointment of Successor Fiscal Agent. ........................................... 51 Section 7.11 Concerning Any Successor Fiscal Agent ........................................... 51 Section 7.12 Successor Fiscal Agent ...................................................................... 52 Section 7.13 Appointment of Co-Fiscal Agent or Separate Fiscal Agent .............. 52 Section 7.14 Notice of Certain Events .................................................................... 54 Section 7.15 Filing of Financing Statements .......................................................... 54 Section 7.16 USA Patriot Act Requirements of Fiscal Agent ................................ 55