96-043 Resolution - Laserfiche WebLink

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_.r"9 X-..9 u,. .uu u U ?,?? .. .. .?...?? . . ,?,. Sectioa 4.4. If the Bonower pays all or any portion of the Semi-Annual Payment from Special Asse;:=ent Funds, and if any payar of the Special Assessmerlt Funds etects to pay the speciai assescments in a one-time, lump-sum payment in lieu of havirg the specia[ assessments cwrtified to tl? ? appr:)priate county auditor for periodic eollection, thert the Borrower may eiect to apply the sma ?nt of , uch payment to the reduction of the Project Particip 3tion Principa! Amount by including thEt amo:lnt with its next Semi-Annual Payment pursusnt to Section 4.1. hereot accompanied by a m-ritten natice to the State identii'ying the amount so inctuded and directing the State so to a;aply tf at.amount. Upen the receipt of such payment anct notice, the OWDA shall recompute tha rem?;iung Semi-Annuai payments b$sed on the reduced Project Participatian Principa! Amc:ant, ani the OWDA shal( notify the Borrower in writing of the reduced amount of the remaining Serri-Anttiat Paymettts. Sectic_? 4.5. The Borrower agrees to provide financing for all nQn-Eligible Project Costs_ As a pretimina.y indication of that crmmitment, the Borrower has provided evidence that financing is readiIy avai able !'or all non-Eligibie Project Costs which will be or may be incurred by th-w- Borrower in eonnect'on with construction of the Project Facilities. Sectiaz: 4.6. 'i'he Bprrower agms that, in the event the Bo -rower ar its contractors receives WPCLF mor.cys in excess of the Eligible Project Costs, the F,orrowEr shall repay said ercess moneys to the WPCI.F at the time af the first Semi-Annual Payrr.ent, or as otherwisc agreed to by the Borrower ;,nd the State. Sectiosi 4.7. Ia order to enable the State to comply with the Tequirements of federal securities laws (including, withoat limitation, Rute l Ob-S and Ru1e l 5c2-12 promulgated by the Seee,rities and Exchange Cof7mission under the Securities Exchange Act of 1434, as amended), the Borrowcr agrees to prepue anc' fiIe vAth the State or, at the direction of the State, to file with the Municipal Securities Ruleinaicing Board ("MSRB"), arry one or mare nationaily recogiized municipal securi#ies ini'ormation repmitorif.s ("NLtMSIIts") or state information depository ("S:m"), any annual financia? information or materal events discicsures that the State may determine it requires to achieve such campliance. 'Che WrrowE:r consents to the State's incorporatio.-a by reference into State afiicia'. statements or ether St;::ts fil;ngs with the MSRB, any NluVISIR, or any SID of any officiai statements or portions th.vreof, i'inancial statements, or other documents that the Berrower may have filed or may file with tt:e MSR B, any NRIVISIR, or any SID. In the event the Borrower fails to prepare any financial statemtmt or ather financial information that this Section requires the Borrower to prepare and fiie with c-r at tho. direc-tion of the State, then the State shall have the right (in addition to any other rights it may hav; to er,force the obligations of the Borrower hereunder) to inspect alI records, accounts and wata of the System an.9 cause the preparation of the required financiai statement or information an;] to employ such professionals as it may reasanably reqvire for that purpose, and to be reimbursed fi-om an.y available Pledged Revenues for the casts of its doing so. This Section shall nat be constiv?:3 to li; nit the generatity of Section 4_3 hereof. 11