2025.07.07 CC Packet - Laserfiche WebLink

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172981943v5 Table of Contents Page i ARTICLE I DEFINITIONS, EXHIBITS AND RULES OF INTERPRETATION ............ 1 Section 1.1 Definitions............................................................................................ 1 Section 1.2 Rules of Interpretation ......................................................................... 5 ARTICLE II REPRESENTATIONS .................................................................................... 7 Section 2.1 Representations by the City ................................................................. 7 Section 2.2 Representations by the Borrower ......................................................... 8 ARTICLE III THE LOAN .................................................................................................... 12 Section 3.1 Amount and Source of Loan .............................................................. 12 Section 3.2 Documents and Payments Required Prior to Disbursement of the Loan ............................................................................................. 12 Section 3.3 Advance and Disbursement of the Loan ............................................ 13 Section 3.4 Repayment ......................................................................................... 15 Section 3.5 Borrower’s Obligations Unconditional .............................................. 15 ARTICLE IV BORROWER’S COVENANTS .................................................................... 16 Section 4.1 Indemnity ........................................................................................... 16 Section 4.2 Continuing Existence and Qualification ............................................ 16 Section 4.3 Reports to Governmental Agencies ................................................... 17 Section 4.4 Security for the Loan ......................................................................... 17 Section 4.5 Preservation of Tax Exemption ......................................................... 17 Section 4.6 Lease or Sale of Facility .................................................................... 20 Section 4.7 Facility Operation and Maintenance Expenses .................................. 21 Section 4.8 Notification of Changes ..................................................................... 21 Section 4.9 Financial Information and Reporting ................................................. 22 Section 4.10 Financial Covenants ........................................................................... 22 Section 4.11 Access to Land and Facility ............................................................... 23 Section 4.12 Access to Books and Inspection ........................................................ 23 Section 4.13 IRS Audit Expenses ........................................................................... 23 Section 4.14 Reports to City ................................................................................... 24 Section 5.1 Prepayment at Option of Borrower .................................................... 25 ARTICLE VI EVENTS OF DEFAULT AND REMEDIES ................................................ 26 Section 6.1 Events of Default ............................................................................... 26 Section 6.2 Remedies ............................................................................................ 27 Section 6.3 Disposition of Funds .......................................................................... 28 Section 6.4 Manner of Exercise ............................................................................ 28 Section 6.5 Attorneys’ Fees and Expenses ........................................................... 29 Section 6.6 Effect of Waiver ................................................................................. 29 ARTICLE VII GENERAL ..................................................................................................... 30