Contracts & Agreements_150-2016 - Laserfiche WebLink

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SECTION 4.14. No Challenge to Purchaser's Rates, Fees and Charges.....................212 SECTION 4.15. Purchaser's Compliance with Conditions Precedent to Parity Debt Set Forth in Parity Debt Instruments........................................212 SECTION 4.16. Facility Construction Constitutes Capital Improvemetns. ................ 212 SECTION 4.17. Continuing Validity of Representations and Warranties......... ........22 ARTICLE V AFFIRMATIVE COVENANTS OF THE PURCHASER...................................22 SECTION 5.01. Punctual Payment................................................................................ 22 SECTION 5.02. Payment of Claims.............................................................................. 22 SECTION 5.03. Books and Accounts; Financial Statements........................................ 23 SECTION 5.04. Protection of IBanh's Security and Rights..........................................24 SECTION 5.05. Payments of Taxes and Other Charges. .............................:................24 SECTION 5.06. Maintenance of System Revenues; Rate Covenant.............................25 SECTION 5.07. Tax Covenants.....................................................................................26 SECTION 5.08. Maintenance and Operation of System. .............................................. 30 SECTION 5.09. Assumption of Obligations. ................................................................30 SECTION 5.10. Damage, Destruction, Title Defect and Condemnation; Use of NetProceeds........................................................................................30 SECTION 5.11. Entry into Replacement Agreement....................................................32 SECTION 5.12. Further Assurances.............................................................................. 32 SECTION 5.13. Agreement to Complete Facility Delivery and the Project................. 32 SECTION 5.14. Collection of Rates, Fees and Charges................................................ 33 SECTION 5.15. The Purchaser's General Responsibility............................................. 34 SECTION 5.16. The Purchaser's Assurances and Commitments. ................................ 34 SECTION 5.17. Facility Access. ...................................................................................34 SECTION 5.18. Operation and Maintenance of the Facility and the Project................ 34 SECTION 5.19. Performance and Payment Bonds. ......................................................35 SECTION 5.20. Continuing Disclosure......................................................................... 35 SECTION 5.21. Notice of Purchaser Event of Default. ................................................ 35 SECTION 5.22. Maintenance of Insurance................................................................... 36 SECTION 5.23. Reserved..............................................................................................36 SECTION 5.24. Compliance with Contracts................................................................. 36 SECTION 5.25. Facility Useful Life Certification... ......................... ...............36 SECTION 5.26. Maintenance of Lien Parity...... ..................... ......................36 SECTION 5.27. Covenant to Comply with Prop 218 Law............ ...................36 ARTICLE VI NEGATIVE COVENANTS OF THE PURCHASER......................................... 37 SECTION 6.01. Limitation on Additional Obligations; No Senior Debt...................... 37 SECTION 6.02. Disposition of Property....................................................................... 37 ARTICLE VII EVENTS OF DEFAULT AND REMEDIES...................................................388 SECTION 7.01. Events of Default and Acceleration. ................................................. 388 SECTION7.02. Remedies............................................................................................. 39 SECTION 7.03. Application of Funds upon Default..................................................... 39 SECTION 7.04. No Waiver...........................................................................................40 2