REPRESENTATIONS AND COVENANTS OF BORROWER. SECTION 2.01. Representations of Borrower 6 SECTION 2.02. Particular Covenants of Borrower 10 ARTICLE III LOAN TO BORROWER; AMOUNTS PAYABLE; GENERAL AGREEMENTS SECTION 3.01. Loan; Loan Term 19 SECTION 3.02. Disbursement of Loan Proceeds 19 SECTION 3.03. Amounts Payable 20 SECTION 3.03A. Amounts on Deposit in Project Loan Account After Completion of Project Draws 21 SECTION 3.04. Unconditional Obligations 23 SECTION 3.05. Loan Agreement to Survive Bond Resolution and Trust Bonds 24 SECTION 3.06. Disclaimer of Warranties and Indemnification 24 SECTION 3.07. Option to Prepay Loan Repayments 25 SECTION 3.08. Priority of Loan and Fund Loan 26 SECTION 3.09. Approval of the New Jersey State Treasurer 26 ARTICLE IV
REPRESENTATIONS AND COVENANTS OF BORROWER. Borrower hereby represents to and agrees with Lender as follows:
REPRESENTATIONS AND COVENANTS OF BORROWER. Section 2.01 Representations of Borrower 5 Section 2.02 Particular Covenants of the Borrower 8
REPRESENTATIONS AND COVENANTS OF BORROWER. 5 Section 3.01. Representations of Borrower 5 Section 3.02. Particular Covenants of the Borrower 7 ARTICLE IV LOAN TO BORROWER; AMOUNTS PAYABLE; GENERAL AGREEMENTS 12 Section 4.01. The Loan 12 Section 4.02. Sufficiency of Loan Amounts 12 Section 4.03. Commencement of Loan Agreement Term 12 Section 4.04. Loan Closing Submissions 12 Section 4.05. Evidence of Loan 13 Section 4.06. Disbursement of funds from Project Fund 13 Section 4.07. Designee of Issuer for Loan Repayments 13 Section 4.08. Loan Repayments; Term of Loan 13 Section 4.09. Unconditional Obligation to Pay Loan Repayments 14 Section 4.10. Optional Prepayment 15 Section 4.11. Arbitrage Certification 15 ARTICLE V SOURCE OF PAYMENT 15 Section 5.01. Source of Payment 15 Section 5.02. Levy of Tax 15 ARTICLE VI LOAN DEFAULTS AND REMEDIES 16 Section 6.01. Loan Defaults 16 Section 6.02. Notice of Default 16 Section 6.03. Remedies on Default 16 Section 6.04. Attorney’s Fees and Other Expenses 17 Section 6.05. Applications of Moneys 17 Section 6.06. No Remedy Exclusive; Waiver; Notice 17 Section 6.07. Retention of the Issuer’s Rights 17 ARTICLE VII TITLE TO PROJECT 17 ARTICLE VIII DISCLAIMER OF WARRANTIES; VENDOR’S WARRANTIES; INDEMNIFICATION 18 Section 8.01. Disclaimer of Warranties 18 Section 8.02. Warranties 18 Section 8.03. Indemnity and Hold Harmless Provisions 18 Section 8.04. Reimbursement of Issuer and Trustee 18 ARTICLE IX MISCELLANEOUS 19 Section 9.01. Notices 19 Section 9.02. Binding Effect 19 Section 9.03. Severability 20 Section 9.04. Amendments, Changes and Modifications 20 Section 9.05. Execution in Counterparts 20 Section 9.06. Applicable Law 20 Section 9.07. Consent and Approvals 20 Section 9.08. Captions 20 Section 9.09. Benefits of Loan Agreement 20 Section 9.10. Refunding Bonds 20 Section 9.11. Further Assurances 20 Exhibit A — Description of the Loan Exhibit B — Debt Service Schedule Exhibit C — Copy of Borrower's Loan Resolution Exhibit D — Copy of Opinion of Counsel to the Borrower Exhibit E — Form of Request for Disbursement Exhibit F — Approval of Bank Exhibit G — Approval of Director of State and Local Finance Exhibit H — Borrower’s Tax Exemption Agreement LOAN AGREEMENT $5,000,000 The Public Building Authority of the City of Clarksville, Tennessee Local Government Loan Program Bond, Series 2015 (City of Millington Loan) This Loan Agreement (the "Loan Agreement"), dated as of August , 2015 and entered into by and among THE PUBLIC BUILDING AUTHORITY OF THE CITY OF CLARKSVILLE, TENN...
REPRESENTATIONS AND COVENANTS OF BORROWER. SECTION 2.01. Representations of Borrower 6 SECTION 2.02. Particular Covenants of Borrower 9 ARTICLE III LOAN TO BORROWER; AMOUNTS PAYABLE; GENERAL AGREEMENTS SECTION 3.01. Loan; Loan Term 14 SECTION 3.02. Disbursement of Loan Proceeds 14 SECTION 3.03. Amounts Payable 15 SECTION 3.03A. Amounts on Deposit in Project Loan Account after Completion of Project Draws 16 SECTION 3.04. Unconditional Obligations 16 SECTION 3.05. Loan Agreement to Survive Loan 17 SECTION 3.06. Disclaimer of Warranties and Indemnification 17 SECTION 3.07. Option to Prepay Loan Repayments 18 SECTION 3.08. Priority of Loan and Trust Loan 18 SECTION 3.09. Approval of the New Jersey State Treasurer 19 ARTICLE IV
REPRESENTATIONS AND COVENANTS OF BORROWER. The Borrower makes the following representations and covenants, in addition to those elsewhere set forth herein, as the basis for the undertakings on the part of the Lender contained herein:
REPRESENTATIONS AND COVENANTS OF BORROWER. SECTION 2.01.
REPRESENTATIONS AND COVENANTS OF BORROWER. Section 2.01 Representations of Borrower 6
REPRESENTATIONS AND COVENANTS OF BORROWER. Section 2.01 Representations of Borrower 5 Section 2.02 Particular Covenants of the Borrower 7 ARTICLE III LOAN TO BORROWER; AMOUNTS PAYABLE; GENERAL AGREEMENTS Section 3.01 The Loan 11 Section 3.02 Availability of Funds 11 Section 3.03 Disbursements and Capitalized Interest 11 Section 3.04 Amounts Payable 12 Section 3.05 Sources of Payment 14 Section 3.06 Unconditional Obligations 15 Section 3.07 Loan Commitment 15 Section 3.08 Reduction of Loan Commitment 15 Section 3.09 Disclaimer of Warranties 16
REPRESENTATIONS AND COVENANTS OF BORROWER. Borrower represents, warrants and covenants that:
