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Home My WebLink AboutC.054.93011_0438 (2)TABLE OF CONTENTS ARTICLE I DEFINITIONS SectionI.I. Definitions...................................................................................................................3 ARTICLE II REPRESENTATIONS AND COVENANTS Section 2.1. Representations and Covenants by the County...........................................................5 Section 2.2. General Tax Covenants...............................................................................................7 Section 2.3. Interest Rate and Payment Adjustment.......................................................................7 ARTICLE III IMPLEMENTATION OF THE PROJECT Section 3.1. Purpose of Agreement.................................................................................................7 Section 3.2. Agreement to Implement Project................................................................................7 Section 3.3. Payment of Project Costs............................................................................................8 Section3.4. Title.............................................................................................................................8 Section 3.5. Construction of Project...............................................................................................8 Section 3.6. Disclaimers of the Lender.........................................................................................10 Section 3.7. Installation of County's Personal Property...............................................................10 ARTICLE IV PAYMENTS; REPAYMENTS; MAINTENANCE; INSURANCE; TAXES Section 4.1. Financing of Project..................................................................................................1 l Section4.2. Term..........................................................................................................................1 l Section4.3. Payments...................................................................................................................11 Section4.4. Prepayments..............................................................................................................12 Section 4.5. Appropriations of Payments.....................................................................................12 Section4.6. Insurance...................................................................................................................12 Section4.7. Expenses; Taxes........................................................................................................13 Section 4.8. Proof of Payment of Taxes, Other Charges..............................................................13 Section 4.9. No Encumbrances.....................................................................................................13 Section 4.10. Performance by the Lender of the County's Responsibilities................................14 Section 4.11. Financial Statements...............................................................................................14 Section 4.12. Maintenance, Care and Use....................................................................................14 Section4.13. Inspection................................................................................................................14 Section 4.14. Limited Obligation of the County...........................................................................14 ARTICLE V DAMAGE, DESTRUCTION OR CONDEMNATION Section 5.1. Damage or Destruction.............................................................................................15 Section 5.2. Condemnation; Loss of Title....................................................................................15 ARTICLE VI EVENTS OF DEFAULT AND REMEDIES Section6.1. Events of Default......................................................................................................16 Section6.2. Remedies...................................................................................................................17 Section 6.3. No Deficiency Judgment...........................................................................................17 Section 6.4. Reinstatement after Event of Default........................................................................18 Section 6.5, No Remedy Exclusive.. ............. .......... ................................................................ 18 Section 6.6. No Additional Waiver Implied by One Waiver........................................................18 Section 6.7. Attorneys' Fees and Other Expenses........................................................................18 ARTICLE VII ASSIGNMENT Section 7.1. Assignment by the Lender........................................................................................18