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<br />TABLE OF CONTENTS <br /> <br />PAGE <br /> <br />PARTIES AND RECITALS.......................... ........................................................................... 1 <br /> <br />ARTICLE I DEFINITIONS................................................................................................... 3 <br />Section 1.1. Definitions............................................ ............................. ........ ..... .................. 3 <br /> <br />ARTICLE II REPRESENTATIONS, COVENANTS AND WARRANTIES................... 5 <br />Section 2.1. Representations, Covenants and Warranties of the City ....................................5 <br />Section 2.2. Representations, Covenants and Warranties of ACHRA................................. 5 <br /> <br />ARTICLE III OPERATING DEFICIT AMOUNTS........................................................... 6 <br />Section 3.1. Cash Flow Proi ections..................... ............................................... .................. 6 <br />Section 3.2. City to Budget.........................................................................................,........ 6 <br />Section 3.3. Payment of Operating Deficit Amounts ..................... .................... .................. 6 <br />Section 3.4. Source of Operating Deficit Amounts.............................................................. 7 <br /> <br />ARTICLE IV ADMINISTRATIVE PROVISIONS......................................... ..............;.... 8 <br /> <br />Section 4.1. Notices........... .................. ~.................. .......... .................................................... 8 <br /> <br />Section 4.2. Binding Effect ........................................................ ......................... ....... .......... 8 <br /> <br />Section 4.3. Severability.....................................................................................,'................. 8 <br /> <br />Section 4.4. Amendments, Changes and Modifications....................................................... 8 <br />Section 4.5. Further Assurances and Corrective Instruments .............................................. 8 <br />Section 4.6. Execution in Counterparts.................................... ~................. ................. ......... 9 <br />Section 4.7. Applicable Law................................................................................................ 9 <br />Section 4.8. Authorized Officers..........................................................;............................... 9 <br /> <br />Section 4.9. Captions............................................................................................................ 9 <br /> <br />TESTIMONIUM <br />SIGNATURES <br /> <br />1 <br /> <br />OPERATING DEFICIT AGREEMENT <br />CITY OF RAMSEY <br /> <br />-209- <br />