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TABLE OF CONTENTS <br />Page <br />ARTICLE 1 DEFINITIONS AND RULES OF INTERPRETATION 1 <br />Section 1.1 Definitions 1 <br />Section 1.2 Rules of Interpretation 3 <br />ARTICLE 2 REPRESENTATIONS 5 <br />Section 2.1 Representations by the City 5 <br />Section 2.2 Representations by the Borrower 6 <br />ARTICLE 3 THE LOAN 9 <br />Section 3.1 Amount and Source of Loan 9 <br />Section 3.2 Documents Required to be Delivered at Closing 9 <br />Section 3.3 Disbursement of the Loan 9 <br />Section 3.4 Repayment 10 <br />Section 3.5 Borrower's Obligations Unconditional 10 <br />Section 3.6 City's Fee 10 <br />Section 3.7 Bank Qualified Bonds 10 <br />ARTICLE 4 BORROWER'S COVENANTS 12 <br />Section 4.1 Indemnity 12 <br />Section 4.2 Continuing Existence and Qualification 12 <br />Section 4.3 Reports to Governmental Agencies 13 <br />Section 4.4 Security for the Loan 13 <br />Section 4.5 Preservation of Tax Exemption 13 <br />Section 4.6 Lease or Sale of Project 16 <br />Section 4.7 Project Operation and Maintenance Expenses 16 <br />Section 4.8 Notification of Changes 16 <br />Section 4.9 Additional Covenants 17 <br />Section 4.10 Financial Reporting Covenants 19 <br />Section 4.11 Debt Service Ratio Covenant 20 <br />ARTICLE 5 <br />Section 5. <br />ARTICLE 6 <br />Section 6. <br />Section 6. <br />Section 6. <br />Section 6. <br />Section 6. <br />Section 6. <br />2110583v4 <br />PREPAYMENT OF LOAN 21 <br />l Prepayment at Option of Borrower 21 <br />EVENTS OF DEFAULT AND REMEDIES 22 <br />1 Events of Default 22 <br />2 Remedies 23 <br />3 Disposition of Funds 23 <br />4 Manner of Exercise 23 <br />5 Attorneys' Fees and Expenses 23 <br />6 Effect of Waiver 24 <br />- 1 7 - <br />