CT2015-140 Agreement with CWRPDA

• Contract/PO #: CT2015-140
• Contractor Name: Northern Colorado Water Conservancy District
• Contract Type: Loan
• Loan Projects - Doc Type: Contract Documents

the Governmental Agency from paying the amounts payable under this Loan Agreement from
any other legally available source.
SECTION 3.08. Delivery of Documents. Concurrently with the execution and delivery
of this Loan Agreement, the Governmental Agency will cause to be delivered to the Authority
each of the following items:
(a) an opinion of the Governmental Agency's counsel substantially in the
form set forth in Exhibit D-1 hereto (such opinion or portions of such opinion may be given by
one or more counsel); provided, however, that the Authority may permit variances in such
opinion from the form or substance of such Exhibit D-1 if such variances are not to the material
detriment of the interests of the Authority;
(b) an opinion of the Governmental Agency's Bond Counsel substantially in
the form set forth in Exhibit D-2 hereto. Such opinion must be rendered by Bond Counsel listed
in the Directory of Bond Counsel published by the Bond Buyer(the"Red Book");
(c) executed counterparts of this Loan Agreement;
(d) copies of the resolutions or ordinances of the governing body of the
Governmental Agency authorizing the execution and delivery of this Loan Agreement and the
Governmental Agency Bond, certified by an Authorized Officer of the Governmental Agency;
and
(e) such other certificates, documents, opinions, and information as the
Authority may require.
Concurrently with the delivery at the Loan Closing of this Loan Agreement, the
Governmental Agency shall also deliver its Governmental Agency Bond to the Authority upon
the receipt of a written certification of the Authority that the amount of the Loan shall be made
available for the Project in accordance with the terms of this Loan Agreement.
SECTION 3.09. Limited Recourse. No recourse shall be had for the payment of the
principal of or interest on the Governmental Agency Bond or for any claim based thereon or
upon any obligation, covenant, or agreement contained in this Loan Agreement against any
individual past, present, or future officer, employee, or agent of the Governmental Agency, but
any recourse shall be solely against the Governmental Agency.
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