1. MIDA Bond-Bethany on 42nd
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1. MIDA Bond-Bethany on 42nd
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4/16/2008 10:43:45 AM
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4/16/2008 10:41:57 AM
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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 4.1 O. <br />Section 4.11. <br />Section 4.12. <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 />Section 7.2. <br /> <br />ARTICLE IV <br />GENERAL TERMS AND COVENANTS <br /> <br />Payment of Principal and Interest.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . <br />Performance of Covenants; Authority. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . <br />Payment of Taxes, Charges, Etc.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . <br />Maintenance, Insurance and Modifications. . . . . . . . . . . . . . . . . . . . . . . . . . <br />Inspection of Facilities and Books. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . <br />Enforcement of the Loan Agreement. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . <br />Instruments of Further Assurance.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . <br />Recording and Filing. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . <br /> <br />Books and Records. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . <br /> <br />Access to Bond Register.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . <br />Rights Under Mortgage and Assignment. . . . . . . . . . . . . . . . . . . . . . . . . . . . <br />Continuing Disclosure. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . <br /> <br />ARTICLE V <br />ESTABLISHMENT OF FUNDS <br /> <br />Establishment of Bond Fund. .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5-1 <br />Establishment of Project Fund. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5-1 <br />Establishment of Costs ofIssuance Fund.. . . . . . . . . . . . . . . . . . . . . . . . . . . 5-1 <br />Establishment of Repair and Replacement Fund. . . . . . . . . . . . . . . . . . . . . . 5-1 <br />Establishment of Reserve Fund. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5-1 <br /> <br />ARTICLE VI <br />FLOW AND USE OF FUNDS <br /> <br />4-1 <br />4-1 <br />4-1 <br />4-1 <br />4-1 <br />4-2 <br />4-2 <br />4-2 <br />4-2 <br />4-2 <br />4-2 <br />4-3 <br /> <br />Application of Series 2008 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. . . . . . . . . . . . . . . . . . . . . . . 6-2 <br />Use of and Disbursements from Project Fund. . . . . . . . . . . . . . . . . . . . . . . . 6-2 <br />Use of and Disbursements from Repair and Replacement Fund. . . . . . . . . . 6-3 <br />Use of and Disbursements from Costs ofIssuance Fund. . . . . . . . . . . . . . . . 6-3 <br />Repayment to the Company 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 />Arbitrage Bond Covenant.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7-1 <br /> <br />-ii- <br />
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