Maintenance Taxes Insurance and Other Matters. Section 5.01.
Maintenance Taxes Insurance and Other Matters. 9 Section 5.1 Maintenance, Utilities, Taxes and Assessments 9 Section 5.2 Modification of Improvements 9 Section 5.3 General Liability Insurance 10 Section 5.4 Property Insurance 10 Section 5.5 Advances 11 Section 5.6 Installation of Board’s Equipment 11 Section 5.7 Liens 11 ARTICLE VI Disclaimer of Warranties; Access 11 Section 6.1 Disclaimer of Warranties 11 Section 6.2 Access to the Improvements 12 ARTICLE VII Assignment, Leasing and Amendment 12 Section 7.1 Assignment and Leasing by the Board 12 Section 7.2 Amendment of this Purchase Contract 12 ARTICLE VIII Events of Default and Remedies 12 Section 8.1 Events of Default Defined 12 Section 8.2 Remedies on Default 13 Section 8.3 No Remedy Exclusive 14 Section 8.4 Agreement to Pay Attorneys’ Fees and Expenses 15 Section 8.5 No Additional Waiver Implied by One Waiver 15 Section 8.6 Application of Proceeds 15 Section 8.7 Exercise of Rights 15 ARTICLE IX Prepayment of Installment Payments 15 Section 9.1 Security Deposit 15 Section 9.2 Purchase Option 16
Maintenance Taxes Insurance and Other Matters. Section 5.01. Maintenance, Taxes and Assessments, Contests 11 Section 5.02. Modification of Project 11 Section 5.03. Installation of District’s Equipment 11 Section 5.04. Public Liability and Property Damage Insurance 12 Section 5.05. Fire and Extended Coverage Insurance 12 Section 5.06. Insurance Net Proceeds; Form of Policies 13 Section 5.07. Application of Net Proceeds 13 Section 5.08. Advances 13 ARTICLE VI DISCLAIMER OF WARRANTIES; ACCESS; INDEMNITY Section 6.01. Disclaimer of Warranties. 14 Section 6.02. Access to the Project and Records 14 Section 6.03. Indemnity 14 ARTICLE VII
Maintenance Taxes Insurance and Other Matters. Section 5.1. Maintenance, Utilities, Taxes and Assessments 23 Section 5.2. Operation of Enterprise 24 Section 5.3. Public Liability and Property Damage Insurance 24 Section 5.4. Casualty Insurance 24 Section 5.5. Insurance Premiums; Self-Insurance 24 Section 5.6. Eminent Domain 25 Section 5.7. Records and Accounts 25 Section 5.8. Private Activity Bond Limitation 25 Section 5.9. Maintenance of Tax-Exemption 25 Section 5.10. Federal Guarantee Prohibition 25 Section 5.11. Continuing Disclosure 25 Section 5.12. Report to California Debt Advisory Commission 25 ARTICLE VI
Maintenance Taxes Insurance and Other Matters. Section 5.1. Maintenance, Utilities, Budget, Taxes and Assessments. Throughout the Term of this Installment Sale Agreement, all improvement, repair and maintenance of the Wastewater Enterprise shall be the responsibility of the District, and the District shall pay for or otherwise arrange for the payment of all Operation and Maintenance Costs and other services supplied to the Wastewater Enterprise, which may include, without limitation, janitor service, security, power, gas, telephone, light, heating, and all other utility services, and shall pay for or otherwise arrange for the payment of the cost of the repair and replacement of the Wastewater Enterprise resulting from ordinary wear and tear. On or before the first day of each Fiscal Year, the District will file with the Trustee a budget setting forth the estimated Operation and Maintenance Costs of the Wastewater Enterprise for such Fiscal Year. The Trustee shall not be required to review, and shall not be deemed to have knowledge of, the contents of such budget, it being understood that the Trustee shall receive and hold such budget as repository for examination and copying by any Owner at such Owner’s expense. The District shall also pay or cause to be paid all taxes and assessments of any type or nature, if any, charged to the Authority, the Trustee or the District affecting any Wastewater Enterprise or the respective interests or estates therein; provided, however, that with respect to special assessments or other governmental charges that may lawfully be paid in installments over a period of years, the District shall be obligated to pay only such installments as are required to be paid during the Term of this Installment Sale Agreement as and when the same become due. The District may, at the District’s expense and in its name, in good faith contest any such taxes, assessments, utility and other charges and, in the event of any such contest, may permit the taxes, assessments or other charges so contested to remain unpaid during the period of such contest and any appeal therefrom unless the Authority shall notify the District that, in its opinion, by nonpayment of any such items, the interest of the Authority hereunder or under the Indenture will be materially adversely affected, in which event the District shall promptly pay such taxes, assessments or charges or provide the Authority with full security against any loss which may result from nonpayment, in form satisfactory to the Authority.
Maintenance Taxes Insurance and Other Matters. Section 5.1. Maintenance, Utilities, Taxes and Assessments 12 Section 5.2. Modification of Leased Property 12 Section 5.3. Comprehensive General Liability Insurance. 13 Section 5.4. Fire and Extended Coverage Insurance. 13 Section 5.5. Rental Interruption Insurance. 14 Section 5.6. Recordation Hereof; Title Insurance 14 Section 5.7. Insurance; Form of Policies; 14 Section 5.8. Installation of County's Equipment 14 Section 5.9. Liens 15 Section 5.10. Advances 15 ARTICLE VI DAMAGE, DESTRUCTION AND EMINENT DOMAIN; USE OF NET PROCEEDS Section 6.1. Application of Net Proceeds 16 Section 6.2. Termination or Abatement Due to Eminent Domain 16 Page Section 6.3. Abatement Due to Damage or Destruction 16 ARTICLE VII DISCLAIMER OF WARRANTIES; OTHER COVENANTS OF THE COUNTY Section 7.1. Disclaimer of Warranties 18 Section 7.2. Access to the Leased Property 18 Section 7.3. Release and Indemnification Covenants 18 Section 7.4. Assignment by the Corporation 18 Section 7.5. Assignment and Subleasing by the County 19 Section 7.6. Amendment of Lease Agreement 19
Maintenance Taxes Insurance and Other Matters. Section 5.1. Maintenance, Utilities, Taxes and Assessments 14 Section 5.2. Operation of Enterprise 14 Section 5.3. Public Liability and Property Damage Insurance 14 Section 5.4. Casualty Insurance 15 Section 5.5. Insurance Premiums; Self-Insurance 15 Section 5.6. Eminent Domain 15 Section 5.7. Application of Net Proceeds 15 Section 5.8. Insurance Net Proceeds; Form of Policies 15 Section 5.9. Records and Accounts 16 Section 5.10. Continuing Disclosure 16 Section 5.11. Report to California Debt Advisory Commission 16
Maintenance Taxes Insurance and Other Matters. Section 5.1. Maintenance, Utilities, Taxes and Assessments 17 Section 5.2. Modification of Property 17 Section 5.3. Public Liability Insurance 17 Section 5.4. Casualty Insurance 18 Section 5.5. Rental Interruption Insurance 18 Section 5.6. Worker’s Compensation Insurance 18 Section 5.7. Recordation Hereof; Title Insurance 18 Section 5.8. Insurance Net Proceeds; Form of Policies 19 Section 5.9. Installation of District’s Personal Property 19 Section 5.10. Liens 19 Section 5.11. Advances 19 Section 5.12. Environmental Covenants 19 Section 5.13. District Consents to Assignment Agreement 20 ARTICLE VI EMINENT DOMAIN; USE OF NET PROCEEDS Section 6.1. Eminent Domain 21 Section 6.2. Application of Net Proceeds 21 Section 6.3. Abatement of Lease Payments in the Event of Damage or Destruction 23
Maintenance Taxes Insurance and Other Matters. 22 Section 5.1. Maintenance, Utilities, Taxes and Assessments. 22 Section 5.2. Insurance 23
Maintenance Taxes Insurance and Other Matters
