Revenues and Funds. Section 4.01 Pledge of Revenues and Assets; Establishment of Funds 25 Section 4.02 Project Loan Fund 26 Section 4.03 Application of Revenues 27 Section 4.04 Application of Loan Payment Fund 28 Section 4.05 Application of Loan Prepayment Fund 28 Section 4.06 Administration Fund 29 Section 4.07 [Reserved] 30 Section 4.08 Investment of Funds 30 Section 4.09 [Reserved] 31 Section 4.10 Accounting Records 31 Section 4.11 Amounts Remaining in Funds 31 Section 4.12 Rebate Fund; Compliance with Tax Certificate 31 Section 4.13 Cost of Issuance Fund 33 Section 4.14 Reports From the Fiscal Agent 33
Revenues and Funds. Section 4.01. Pledge of Revenues and Assets; Establishment of Funds 26 Section 4.02. Project Loan Fund 27 Section 4.03. Application of Revenues 29 Section 4.04. Application of Loan Payment Fund 30 Section 4.05. Application of Loan Prepayment Fund 30 Section 4.06. Administration Fund 30 Section 4.07. [Reserved] 31 Section 4.08. Investment of Funds 31 Section 4.09. [Reserved] 32 Section 4.10. Accounting Records 32 Section 4.11. Amounts Remaining in Funds 32 Section 4.12. Rebate Fund 33 Section 4.13. Cost of Issuance Fund 33 Section 4.14. Reports From the Fiscal Agent 33 ARTICLE V. GENERAL COVENANTS AND REPRESENTATIONS Section 5.01. Payment of Principal and Interest 34 Section 5.02. Performance of Covenants 34 Section 5.03. Instruments of Further Assurance 34 Section 5.04. Inspection of Project Books 35 Section 5.05. No Modification of Security; Additional Indebtedness 35 Section 5.06. Damage, Destruction or Condemnation 35 Section 5.07. Tax Covenants 35 Section 5.08. Representations and Warranties of the Governmental Lender 36 REMEDIES OF FISCAL AGENT AND FUNDING LENDER Section 6.01. Events of Default 36 Section 6.02. Acceleration; Other Remedies Upon Event of Default 37 Section 6.03. Funding Lender Representative Control of Proceedings 39 Section 6.04. Waiver by Governmental Lender 39 Section 6.05. Application of Money After Default 39 Section 6.06. Remedies Not Exclusive 40 Section 6.07. Fiscal Agent May Enforce Rights Without Governmental Note 40 Section 6.08. [Reserved] 40 Section 6.09. Termination of Proceedings 40 Section 6.10. Waivers of Events of Default 40 Section 6.11. Interest on Unpaid Amounts and Default Rate for Nonpayment 41 Section 6.12. Assignment of Project Loan; Remedies Under the Project Loan 41 Section 6.13. Substitution 41 ARTICLE VI. DEFAULT PROVISIONS AND
Revenues and Funds. Section 4.01 Pledge of Revenues and Assets; Establishment of Funds 53 Section 4.02 Bond Mortgage Loan Fund 54 Section 4.03 Application of Revenues 56 Section 4.04 Application of Bond Fund 58 Section 4.05 Application of Redemption Fund 59 Section 4.06 Application of Administration Fund 59 Section 4.07 Principal Reserve Fund 61 Section 4.08 Investment of Funds 62
Revenues and Funds. 4.01 Pledge of Revenues and Assets; Establishment of Funds
Revenues and Funds. SECTION 501. (I) The Authority covenants that it will charge tolls, rates, fees, rentals and other charges as may be necessary or proper in order that the Revenues in each fiscal year will at least equal the greater of:
Revenues and Funds. Section 6.01. Creation of the Bond Fund..................................................................30 Section 6.02. Payments into the Bond Fund................................................................31 Section 6.03. Use of Moneys in the Bond Fund.............................................................31 Section 6.04. Payment of Bonds with Proceeds of Refunding Bonds..........................................32 Section 6.05.
Revenues and Funds. Section 6.01. Creation of the Principal and Interest Payment Account 16 Section 6.02. Deposits into the Principal and Interest Payment Account 16 Section 6.03. Application of Moneys in the Principal and Interest Payment Account 17 Section 6.04. Payments Due on Saturdays, Sundays and Holidays 17 Section 6.05. Nonpresentment of Bonds 17
Revenues and Funds. SECTION 301 Source of Payment of Certificates. All payments by the City and County under the Lease shall be currently budgeted expenditures within and for the City and County's then current Fiscal year, all as provided in Sections 4.1, 6.1, 6.2 and 6.6 of the Lease. The City and County's obligation to make payments under the Lease are from year to year only and do not constitute a mandatory charge or requirement in any ensuing Fiscal Year beyond the then current Fiscal Year. The Certificates herein authorized evidence assignments of undivided proportionate interests in rights to receive Revenues under the Lease. The Certificates shall be payable solely from Revenues received by the Trustee and do not constitute a general obligations or other indebtedness of the City and County within the meaning of any constitutional or statutory debt limitation. Revenues, when, as, and if received by the Trustee, shall be held hereunder for payment of the principal of, premium, if any, and interest on the Certificates as provided in this Indenture. SECTION 302 Creation of the Certificate Fund. A special fund is hereby created and established with the Trustee, to be designated "City and County of Broomfield, Colorado Building Corporation Master Facilities Lease Purchase Agreement, Certificate of Participation Fund" (the "Certificate Fund"), which shall be used to pay the principal of, premium, if any, and interest on the Certificates. Within the Certificate Fund there are hereby created and ordered established the Series 2010 Interest Account and the Series 2010 Principal Account which shall be used as set forth in Section 305 of this Indenture. SECTION 303 Payments into the Series 2010 Interest Account of the Certificate Fund. There shall be deposited into the Series 2010 Interest Account of the Certificate Fund: (i) that portion of each payment of Base Rentals made by the City and County which is designated and paid as interest under Exhibit B to the Lease, as it may be amended; (ii) any portion of the Reserve Fund to be deposited into the Series 2010 Interest Account of the Certificate Fund, as provided in Section 306 hereof; and (iii) all other moneys received by the Trustee under this Indenture accompanied by directions from the City and County that such moneys are to be deposited into the Series 2010 Interest Account of the Certificate Fund. SECTION 304 Payments into the Series 2010 Principal Account of the Certificate Fund. There shall be deposited into the Series 2...
Revenues and Funds. Section 3.01. Certificate Fund 7 Section 3.02. Creation of the 2014 Certificate Proceeds Funds; Use of Proceeds of Series 2014 Certificates 7 Section 3.03. Creation of the 2014 Reserve Fund 8
Revenues and Funds. Section 701. Source of Payment of Bonds 59 Section 702. Creation of the Bond Fund 59 Section 703. Payments into the Bond Fund 59 Section 704. Use of Moneys in the Bond Fund 60 Section 705. Custody of the Bond Fund 61 Section 706. Non-presentment of Bonds at Maturity 61 Section 707. Payments to the Company from the Bond Fund 61
