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11-14-01 2. LOAN AGREEMENT
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11-14-01 2. LOAN AGREEMENT
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Last modified
8/22/2023 4:55:35 PM
Creation date
10/4/2021 9:57:01 AM
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x Address Old
House Number
2040
Street Name
Wayzata
Street Type
Boulevard
Street Direction
West
Address
2040 Wayzata Boulevard West
Document Type
Land Use
PIN
3411823210036
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LOAN AGREEMENT <br /> TABLE OF CONTENTS <br /> PARTIES AND RECITALS PAGE <br /> Parties 1 <br /> Recitals 1 <br /> ARTICLE I DEFINITIONS AND INTERPRETATION 5 <br /> Section 1.01 Definitions 5 <br /> Section 1.02 Characteristics of Certificate or Opinion. +0-11 <br /> Section 1.03 Additional Provisions as to Interpretation. 11 <br /> ARTICLE II REPRESENTATIONS, ETC i-2-13 <br /> Section 2.01 Representations by the City. +2-13 <br /> Section 2.02 Representations, Warranties and Covenants by the Borrower. X13 <br /> Section 2.03 Tax Representations and Covenants of the Borrower +4-15 <br /> ARTICLE III ISSUANCE OF THE SERIES 2001 BONDS; PROJECT AND <br /> PROJECT FUND 120 <br /> Section 3.01 Completion of Project. +9-20 <br /> Section 3.02 Agreement to Issue Bonds; Application of Bond Proceeds. 20 21 <br /> Section 3.03 Disbursements from the Project Fund 20 21 <br /> Section 3.04 Obligation of the Borrower to Cooperate in Furnishing Documents to the <br /> Trustee 222 <br /> Section 3.05 Establishment of Disbursing Agreement. 2-1-22 <br /> Section 3.06 Borrower Required to Provide Funds in Event Project Fund Insufficrt22 <br /> Section 3.07 Investment of Moneys in the Project Fund. 2-1-22 <br /> Section 3.08 Inspection of Project Facilities. 24-22 <br /> Section 3.09 Abandonment of Project. 2-1-22 <br /> Section 3.10 Establishmcnt 3.10Establishment of Completion Date 22 23 <br /> ARTICLE IV LOAN PAYMENTS AND DEPOSITS 2-4-25 <br /> Section 4.01 The Loan. 24-25 <br /> Section 4.02 Repayment of Loan; Pledge of Monthly Net Project Revenues. 24 and <br /> Tax Increment Revenues 25 <br /> Section 4.03 Additional Payments 25 26 <br /> Section 4.04 No Set-Off; Borrower's Obligations Unconditional 26 27 <br /> Section 4.05 Interest on Loan Repayments and Other Overdue Payments. 228 <br /> Section 4.06 Options to Prepay Loan. 27 28 <br /> Section 4.07 Additional Tax-Related Payments. 28 29 <br /> -i- <br />
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