Agenda - Council - 07/12/2022 - Laserfiche WebLink

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TABLE OF CONTENTS (continued) Page Section 6.3 Insufficiency of Net Proceeds............................................................ 25 Section 6.4 Cooperation of the Issuer................................................................... 26 ARTICLE VII SPECIAL COVENANTS.............................................................................. 27 Section 7.1 No Warranty of Condition or Suitability by the Issuer...................... 27 Section 7.2 Access to the School Facilities .......................................................... 27 Section 7.3 Further Assurances and Corrective Instruments................................ 27 Section 7.4 The Issuer and the Company Representatives ................................... 27 Section 7.5 Covenant Against Liens or Encumbrances........................................ 27 Section 7.6 The Issuer and the Company to Grant Security Interest to Trustee................................................................................................ 27 Section 7.7 Consent to Trustee's Access to Information ...................................... 29 Section 7.8 Election to Contest Determination of Taxability............................... 29 Section 7.9 Assurance of Tax Exemption............................................................. 29 Section 7.10 Financial Statements.......................................................................... 29 Section 7.11 Additional Indebtedness..................................................................... 29 Section 7.12 Covenants of the Charter School ....................................................... 30 Section 7.13 Capital Assessment Plan.................................................................... 30 Section 7.14 Post-Issuance Compliance................................................................. 30 ARTICLE VIII ASSIGNMENT, LEASING, INDEMNIFICATION, AND REDEMPTION.............................................................................................. 31 Section 8.1 Assignment and Leasing.................................................................... 31 Section 8.2 Release and Indemnification Covenants............................................ 31 Section 8.3 Redemption of Bonds ........................................................................ 33 Section 8.4 Maintenance of Security Interest....................................................... 33 Section 8.5 Release of Property............................................................................ 34 ARTICLE IX EVENTS OF DEFAULT AND REMEDIES ................................................ 36 Section 9.1 Events of Default Defined ................................................................. 36 Section 9.2 Remedies on Event of Default........................................................... 37 Section 9.3 No Remedy Exclusive........................................................................ 37 Section 9.4 Agreement to Pay Attorneys' Fees and Expenses.............................. 37 Section 9.5 No Additional Waiver Implied by One Waiver; Delay or Omission Not a Waiver...................................................................... 38 Section 9.6 Proofs of Claim.................................................................................. 38 Section 9.7 Treatment of Funds in Bankruptcy.................................................... 39 ARTICLE X OPTIONS; PREPAYMENT OF LOAN........................................................40 Section 10.1 Option to Prepay Loan and Terminate at Any Time..........................40 Section 10.2 Option to Redeem Bonds Upon the Occurrence of Certain Events.................................................................................................40 Section 10.3 Relative Position of Options and Indenture.......................................41 -ii- 730911770