CT2015-070 Contract - Laserfiche WebLink

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"Enabling Law" means the Section 29-1-204.2, C.R.S., the Supplemental Public Securities Act, the Water Activity Law and all other laws of the State establishing the power of the Authority to complete the financing contemplated by this Resolution. "Event of Default" means any one or more of the events set forth in the Section hereof entitled"Events of Default and Remedies." "Future Parity Obligations"means one or more series of additional bonds, notes, interim securities or other obligations issued by the Authority having a lien on the Net Revenue which is on a parity with the lien of the Promissory Notes. "Gross Revenue" means all fees, charges and revenues directly or indirectly derived by the Authority for the services furnished by, or use of, the Project Improvements, or any part thereof, including all Stormwater Service Fees, all System Development Fees, all income attributable to any future dispositions of property or rights or related contracts, settlements, or judgments held or obtained in connection with the Project Improvements or its operations, and any amounts payable by the TDA under the TDA IGA and any amounts paid by any member in accordance with Authority IGA; provided however, that there shall be excluded from Gross Revenue (a)moneys borrowed and used for providing the capital costs of Project Improvements; and (b) any moneys received as grants or appropriations from the United States, the State of Colorado, or other sources, the use of which is limited or restricted by the grantor or donor to the provision of Capital Improvements or for other purposes resulting in the general unavailability thereof, except to the extent any such moneys shall be received as payments for the use of the System, services rendered thereby, the availability of any such service, or the disposal of any commodities therefrom. "Loan Contract No. C150352" means the contract, designated Loan Contract No. C150352, as may be amended from time to time, by and between the State for the use and benefit of the CWCB and the Authority. "Loan Contract No. C150353" means the contract, designated Loan Contract No. C150353, as may be amended from time to time, by and between the State for the use and benefit of the CWCB and the Authority. "Loan Contract No. C150393" means the contract, designated Loan Contract No. C150393, as may be amended from time to time, by and between the State for the use and benefit of the CWCB and the Authority. "Loan Contracts" means, collectively, Loan Contract No. C150352, Loan Contract No. C150353 and Loan Contract No. C150393. "Loan Contract" refers to each of the foregoing individually, as the context requires. "Net Revenue" means Gross Revenue after deducting Operation and Maintenance Expenses. "Operation and Maintenance Expenses" means all reasonable and necessary current expenses of the Authority, paid or accrued, for operating, maintaining, and repairing the Project 4 4831-0427-7019.3