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DOCUMENT TITLE:
LOAN AGREEMENT
.
ACTIONS:
Here are the clause headings in the document. To view the clause, click the clause heading.To view the full document, click the "View Document" button.
Clause Heading
SECTION 2.1 - Representations and Findings of Issuer.
(a) - Organization.
(b) - Pending Litigation.
(c) - Economic Findings.
(d) - Public Purpose Findings.
(e) - Private Activity Bond Allocations.
(f) - Project Approvals.
(g) - No Other Pledges.
(h) - No Conflicts.
(i) - Agreements Are Legal and Authorized.
(j) - Governmental Consents.
(k) - No Defaults.
(l) - Limited Obligations.
(m) - Requirements Satisfied.
SECTION 2.2 - Representations by the Company.
(a) - Corporate Organization and Power.
(c) - Agreements Are Valid and Authorized.
(d) - Governmental Consents.
(e) - No Defaults.
(f) - Tax Documents.
(g) - Project Benefits.
(h) - Operation of Project.
(i) - Tax Information.
(j) - Commencement of Project.
(k) - Disqualified Contractors.
SECTION 3.1 - Acquisition and Construction.
SECTION 3.2 - Construction Fund.
SECTION 3.3 - Establishment of Completion Date.
SECTION 4.1 - Loan of Bond Proceeds.
SECTION 4.2 - Repayment of Loan.
SECTION 4.3 - Operation.
SECTION 4.4 - Insurance.
SECTION 4.5 - Maintenance and Repair.
SECTION 4.6 - Right to Discontinue Operation of Project.
SECTION 4.7 - Insurance and Condemnation Awards.
SECTION 4.8 - Workers' Compensation Coverage.
SECTION 4.9 - Taxes, Claims for Labor and Materials, Compliance with Laws.
SECTION 4.10 - Issuer's Limited Liability.
SECTION 4.11 - Right of Inspection.
SECTION 5.1 - Issuance of Bonds.
SECTION 5.2 - Security for the Bonds.
SECTION 5.4 - Investment of Funds.
SECTION 6.1 - Company Approval of Issuance of Bonds.
SECTION 6.2 - Refunding of Bonds.
SECTION 6.3 - Redemption of Bonds.
SECTION 6.6 - Payments to Issuer and Local IDA.
SECTION 6.10 - Covenants Regarding Tax Exemption.
SECTION 6.4 - Installment Loan Payments.
SECTION 6.5 - Administrative Expenses.
SECTION 6.7 - Obligations of the Company Absolute and Unconditional.
SECTION 6.8 - Option to Prepay Amounts Under Loan Agreement in Certain Events.
SECTION 6.9 - Company's Performance Under Indenture.
SECTION 6.11 - Company's Option to Remarket Bonds Purchased in Lieu of Redemption.
SECTION 6.12 - Nondiscrimination Sexual Harassment.
SECTION 7.1 - Indemnified Party's Release and Indemnification Provisions.
SECTION 7.2 - Maintenance of Corporate Existence.
SECTION 7.3 - Financial Information.
(a) - Quarterly Statements.
(b) - Annual Statements.
(c) - Audit Reports.
(d) - SEC and Other Reports.
(e) - Officers' Certificates.
SECTION 7.4 - Agreement of Issuer Not to Assign or Pledge.
SECTION 7.5 - Reference to Bonds Ineffective after Bonds Paid.
SECTION 7.6 - Assignment, Sale or Lease of Project.
SECTION 7.7 - Amendment of Loan Agreement or Indenture.
SECTION 7.8 - Waiver of Vendors Lien.
SECTION 7.9 - Limitations on Indebtedness.
SECTION 7.10 - Limitation on Liens.
SECTION 7.11 - Dividends, Stock Purchases.
SECTION 7.12 - Termination of Pension Plans.
SECTION 8.1 - Defaults and Remedies.
SECTION 8.2 - Annulment of Acceleration.
SECTION 8.3 - Agreement to Pay Attorneys Fees and Expenses.
SECTION 8.4 - General Enforcement Provisions.
SECTION 8.5 - Notice of Default.
SECTION 8.6 - Unassigned Issuers Rights.
SECTION 9.1 - Term of Loan Agreement.
SECTION 9.2 - Notices.
SECTION 9.3 - Benefit of Parties.
SECTION 9.4 - Severability.
SECTION 9.5 - Counterparts.
SECTION 9.6 - Captions.
SECTION 9.7 - Law Governing Construction of Loan Agreement.
SECTION 9.8 - Payments on Non-Business Days.
SECTION 9.9 - Payments to be Sufficient to Meet DTC Requirements.
SECTION 9.11 - Limitation of Liability; No Personal Liability.