1998 039 Ordinance - Laserfiche WebLink

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Table of Contents Page ARTICLE I DEFINITIONS ......................................................................... ................................4 Section 1.1. Use of Defined Terms ..............................:...................... ................................4 2 Section 1 .................................................................... Definitions ................................4 . . Section 1.3. .. Certain Words and References ........................................ ................................7 ARTICLE II DETERMINATIONS AND REPRESENTATIONS ............... ................................7 Section 2.1: Determinations of the Director ....................................... ................................7 Section 2.2. Representations Warranties and Covenants of the Village ............................7 Section 2.3. Conditions Precedent to Closin~ ...................................... ................................8 Section 2.4. Annual Reporting Requirements ...................................... ................................8 ARTICLE III LOAN AND REPAYMENT; SECURITY .............................. ................................9 Section 3.1. Loan and Loan Payments ................................................ ................................9 Section 3.2. Loan Disbursements ........................................................ ................................9 Section 3.3. Plans and Specifications ................................................. ..............................10 4 ction 3 S Completion Date ............................................................. ..............................10 . . e Section 3.5. Administrative Fee ......................................................... ..............................10 Section 3.6. Payment of Costs; Indemnification ................................. ..............................11 ARTICLE IV DEF .................................................................. AULT ...............................11 Section 4.1. ............ Events of Default ........................................................... ...............................11 Section 4.2. Remedies ....................................................................... ...............................12 ............................................................... ARTICLE V MISCELLANEOUS ...............13 ..... Section 5.1. Term of Loan A~reement• Termination ......................... ...............................13 Section 5.2. Notices ........................................................................... ...............................13 Section 5.3. Binding Effect ................................................................ ...............................13 Section 5.4. Amendments Changes and Modifications .................... ...............................13 Section 5.5. Execution Counterparts .................................................. ...............................13 Section 5.6. Severability .................................................................... ...............................13 Section 5.7. Governing Law .............................................................. ...............................13 2