2003 RES R-03-03 - Laserfiche WebLink

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SECTION 5.09. Taxation of Leased Property ..................................................................19 SECTION 5.10. Assumption of Loan Agreement ............................................................19 SECTION 5.11. Completion of Project; Completion of Contracts ..................................19 SECTION 5.12. Payment from Tax-Exempt Debt ...........................................................20 SECTION 5.13. Further Assurances .................................................................................20 SECTION 5.14. Agreement to Complete .........................................................................20 SECTION 5.15. Borrower's General Responsibility ........................................................20 SECTION 5.16. Borrower's Assurances and Commitments ............................................20 SECTION5.17. ProjectAccess ........................................................................................21 SECTION 5.18. Performance and Payment Bonds ..........................................................21 SECTION 5.19. Continuing Disclosure ............................................................................21 SECTION 5.20. Notice of Default and Event of Default .................................................22 SECTION 5.21. �Compliance with State Contract Requirements .....................................22 SECTION 5.22. Statements of Indebtedness ....................................................................22 SECTION 5.23. Cumulative Tax Revenue Limit .............................................................22 ARTICLE VI NEGATIVE COVENANTS OF THE BORROWER ...........................................22 SECTION 6.01. Limitation on Additional Debt; No Additional Senior Debt ..................22 SECTION 6.02. Disposition of Property ..........................................................................22 SECTION 6.03. Nondiscrimination ..................................................................................23 SECTION 6.04. Amendment of Redevelopment Plan ................. ...............24 ..................... SECTION 6.05. Amendment to Pass-Through Agreements ............................................24 ARTICLE VII EVENTS OF DEFAiJI.,T AND REMEDIES .......................................................24 SECTION 7.01. Events of Default and Acceleration of Loan ..........................................24 SECTION 7.02. Remedies ................................................................................................26 SECTION 7.03. Application of Funds upon Default ........................................................26 SECTION7.04. No Waiver ..............................................................................................26 SECTION 7.05. Remedies Not Exclusive ........................................................................27 ARTICLE VIII MISCELLANEOUS ...........................................................................................27 SECTION8.01. Venue .....................................................................................................27 SECTION8.02. Assignment .............................................................................................27 SECTION 8.03. Benefits Limited to Parties .....................................................................28 SECTION8.04. Successor ................................................................................................28 SECTION 8.05. Discharge of Loan Agreement ...............................................................28 SECTION 8.06. Amendment ............................................................................................29 SECTION 8.07. Waiver of Personal Liability ..................................................................29 SECTION 8.08. Payment on Business Days ....................................................................30 SECTION8.09. Notices ...................................................................................................30 SECTION 8.10. Partial Invalidity .....................................................................................30 SECTION 5.11. Governing Law ......................................................................................30 SECTION 8.12. Indemnification ......................................................................................30 SECTION 8.13. Contact Person .......................................................................................31 SECTION 8.14. Effective Date; Execution ...................................................:..................31 EXHIBIT A1 FORM OF RESOLUTION OF BORROWER ................................................. A1-1 EXHIBIT A2 FORM OF RESOLUTION OF CITY ............................................................... A2-1 EXHIBIT B FORM OF CERTIFICATE OF BORROWER ......................................................B-1 EXHIBIT C CONDITIONS PRECEDENT TO DISBURSEMENT .........................................C-1