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05-27-2026 Council Packet
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05-27-2026 Council Packet
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199386222v3 <br /> <br /> <br /> ii <br /> <br />Section 4.8 Transfers Between Funds and Accounts; Use of Amounts in Funds and <br />Accounts ............................................................................................................. 34 <br />Section 4.9 Records. .............................................................................................................. 34 <br />Section 4.10 Investment of Funds............................................................................................ 34 <br />ARTICLE V DEFAULT PROVISIONS AND REMEDIES..................................................................... 35 <br />Section 5.1 Events of Default ................................................................................................ 35 <br />Section 5.2 Acceleration ........................................................................................................ 36 <br />Section 5.3 Other Remedies; Rights of Noteowners. ............................................................ 36 <br />Section 5.4 Right of Controlling Person to Direct Proceedings ............................................ 36 <br />Section 5.5 Discontinuance of Default Proceedings .............................................................. 36 <br />Section 5.6 Waiver ................................................................................................................. 37 <br />Section 5.7 Application of Moneys ....................................................................................... 37 <br />ARTICLE VI AMENDMENTS TO FUNDING LOAN AGREEMENT AND BORROWER <br />LOAN AGREEMENT ..................................................................................................... 38 <br />Section 6.1 Amendments to Funding Loan Agreement ......................................................... 38 <br />Section 6.2 Amendments to the Borrower Loan Agreement, the Borrower Note ................. 38 <br />ARTICLE VII THE FISCAL AGENT ...................................................................................................... 39 <br />Section 7.1 Appointment of Fiscal Agent .............................................................................. 39 <br />Section 7.2 Compensation and Indemnification of Fiscal Agent; Fiscal Agent’s Prior <br />Claim. .................................................................................................................. 43 <br />Section 7.3 Intervention in Litigation .................................................................................... 44 <br />Section 7.4 Resignation; Successor Fiscal Agents. ............................................................... 44 <br />Section 7.5 Removal of Fiscal Agent .................................................................................... 45 <br />ARTICLE VIII CONTROLLING PERSON; SERVICING ...................................................................... 45 <br />Section 8.1 Funding Lender to Appoint Controlling Person ................................................. 45 <br />Section 8.2 Servicing. ............................................................................................................ 46 <br />ARTICLE IX MISCELLANEOUS ........................................................................................................... 48 <br />Section 9.1 Right of Funding Lender to Pay Taxes and Other Charges ................................ 48 <br />Section 9.2 Limitation of Rights ............................................................................................ 48 <br />Section 9.3 Severability ......................................................................................................... 48 <br />Section 9.4 Notices ................................................................................................................ 48 <br />Section 9.5 Binding Effect ..................................................................................................... 50 <br />Section 9.6 Captions .............................................................................................................. 50 <br />Section 9.7 Governing Law ................................................................................................... 50 <br />Section 9.8 Limited Liability of Governmental Lender ......................................................... 50 <br />Section 9.9 Incorporation by Reference ................................................................................ 50
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