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_ _ <br />TABLE OF CONTENTS <br />Page <br />ARTICLE I DEFINITIONS, EXHIBITS AND RULES OF iNTERPRETATION............ I <br />�5ection 1.1 Definiiions ............................. <br />............................................................... 1 <br />Section 1.2 Rules of Interpretation ......................................................................... 3 <br />ARTICLE II REPRESENTATIONS .................................................................................... 4 <br />Section 2.1 Representations by the City ................................................................. 4 <br />Seciion 2.2 Representations by the Borrower ......................................................... 5 <br />ARTTCLEIII THE LOAN ....................................................................................:................. 8 <br />Section 3.1 Amauni and Source of Loan....... ......................................................... $ <br />Section 3.2 Documents Required Priar to Disbursement of the Loan .................... 8 <br />Section 3.3 DisbursemEnt of the Loan .................................................................... 9 <br />Section3.4 Repayment ........................................................................................... 9 <br />Section 3.5 Borrower's Obiigations Unconditional............ .................................... 9 <br />Section 3.6 City's Administrative Fee .................................................................... 9 <br />A.RTTCLE IV BORROWER'S COVENANTS .................................................................... 10 <br />�ection 4.1 indemnity ........................................................................................... 10 <br />Seciion 4.2 Contin�ing Existence and Qualifica�ion ............................................ 10 <br />Seciion 4.3 Reports to Governmental Agencies ................................................... 1 J <br />5ection 4.4 Security �or the Loan ......................................................................... 11 <br />Section 4.5 Preservation of Tax Exemption ......................................................... 11 <br />Section 4.6 Lease or Sale of Praject ..................................................................... 14 <br />Section 4.7 Project Operation and Maintenat�ce Expenses ................................... 14 <br />�ectian 4.8 Notif cation of Charzges ..................................................................... 15 <br />Sectio�n 4.9 Financial Covenaz�ts ........................................................................... 15 <br />Section4.10 Access ................................................................................................ Z S <br />Section 4.11 Access to Books and Inspection ........................................................ 15 <br />ARTICLE V PREPAYMENT OF L4AN ........................................................................... 16 <br />Section 5.1 Prepayrnent at Option of Borrower .................................................... 16 <br />ARTICLE VI EVENTS OF DEFAULT AND REMEDIES ................................................ 17 <br />Section 6.1 Ev�nts of Default ............................................................................... 17 <br />Section6.2 Rernedies ............................................................................................ 18 <br />Seciion b.3 Disposition of Fizt�ds .......................................................................... 19 <br />Section �.4 Manner of Ex�rcise ............................................................................ 19 <br />Section 6.5 Attorneys' Fees and Expenses ........................................................... 19 <br />Section 6.6 Effect of Waiver ................................................................................. 19 <br />ARTICLEVII GENERAL ..................................................................................................... 24 <br />�ection 7.1 Noiices ............................................................................................... 20 <br />Section 7.2 Binding Effeci .................................................................................... 20 <br />Section7.3 Severability ........................................................................................ 20 <br />Section 7.4 Amendments, Cha�ges and Modifications ........................................ 20 <br />Section 7.S Exec�xtion Counterparts ...................................................................... 20 <br />2208845v4 <br />-1- <br />