1. MIDA Bond Hospice of Red River Valley
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1. MIDA Bond Hospice of Red River Valley
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6/26/2007 2:23:12 PM
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<br />Section 4.1. <br />Section 4.2. <br />Section 4.3. <br />Section 4.4. <br />Section 4.5. <br />Section 4.6. <br />Section 4.7. <br />Section 4.8. <br />Section 4.9. <br />Section 4.10. <br />Section 4.11. <br />Section 4.12. <br />Section 4.13. <br /> <br />Section 5.1. <br />Section 5.2. <br />Section 5.3. <br />Section 5.4. <br />Section 5.5. <br /> <br />Section 6.1. <br />Section 6.2. <br />Section 6.3. <br />Section 6.4. <br />Section 6.5. <br />Section 6.6. <br />Section 6.7. <br />Section 6.8. <br />Section 6.9. <br /> <br />Section 7.1. <br /> <br />ARTICLE IV <br />GENERAL TERMS AND COVENANTS <br /> <br />Payment of Principal and Interest. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4-1 <br />Performance of Covenants; Authority ............................ 4-1 <br />Payment of Taxes, Charges, Etc. ................................ 4-1 <br />Maintenance, Insurance and Modifications ........................ 4-1 <br />Inspection of Facilities and Books. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4-1 <br />Enforcement of the Loan Agreement . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4-2 <br />Instruments of Further Assurance. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4-2 <br />Recording and Filing ......................................... 4-2 <br />Books and Records. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4-2 <br />Access to Bond Register. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4-2 <br />Rights Under Mortgage and Assignment . . . . . . . . . . . . . . . . . . . . . . . . . . 4-2 <br />Qualified Tax-Exempt Obligations .............................. 4-3 <br />Continuing Disclosure ........................................ 4-3 <br /> <br />ARTICLE V <br />ESTABLISHMENT OF FUNDS <br /> <br />Establishment of Bond Fund ................................... 5-1 <br />Establishment of Reserve Fund ................................. 5-1 <br />Establishment of Costs ofIssuance Fund. . . . . . . . . . . . . . . . . . . .. . . . . . 5-1 <br />Establishment of Repair and Replacement Fund ..... . . . . . . . . . . . . . . . 5-1 <br />Establishment of Project Fund . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5-1 <br /> <br />ARTICLE VI <br />FLOW AND USE OF FUNDS <br /> <br />Application of Bond Proceeds and Equity Funds. . . . . . . . . . . . . . . . . . . . 6-1 <br />Use of and Disbursements from Bond Fund ....................... 6-1 <br />Use of and Disbursements from Reserve Fund ..................... 6-1 <br />Use of and Disbursements from Repair and Replacement Fund ........ 6-2 <br />Use of and Disbursements from Costs ofIssuance Fund. . . . . . . . . . . . . . 6-3 <br />Use of and Disbursements from Project Fund ........ . . . . . . . . . . . . . . 6-3 <br />Repayment to the Corporation from Bond Fund .................... 6-3 <br />Computation of Balances in Funds. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6-3 <br />Completion of the Project. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6-4 <br /> <br />ARTICLE VII <br />INVESTMENTS <br /> <br />Investment of Fund Moneys. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7-1 <br /> <br />-ii- <br />
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