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

WHEREAS, in order to provide financing for the project, the Authority will issue a loan
to the Governmental Agency from available funds of the Authority in an amount not to exceed
the amount set forth in the loan commitment in Exhibit C hereto for financing of all or a portion
of the cost of its proposed project;
WHEREAS, the Governmental Agency will issue its bond to the Authority to evidence
said loan from the Authority;
NOW THEREFORE, for and in consideration of the award of the loan herein by the
Authority, the Governmental Agency agrees to perform its obligations under this Loan
Agreement in accordance with the conditions, covenants and procedures set forth herein and
attached hereto as a part hereof, as follows:
ARTICLE I.
DEFINITIONS
SECTION 1.01. Definitions. The following terms as used in this Loan Agreement
shall, unless the context clearly requires otherwise,have the following meanings:
"Act" means the "Colorado Water Resources and Power Development Authority Act,"
being Section 37-95-101 et seq. of the Colorado Revised Statutes, as the same may from time to
time be amended and supplemented.
"Authority" means the Colorado Water Resources and Power Development Authority, a
body corporate and political subdivision of the State of Colorado with corporate succession duly
created and validly existing under and by virtue of the Act.
"Authorized Officer" means, in the case of the Governmental Agency,the person whose
name is set forth in Paragraph (7) of Exhibit B hereto or such other person or persons authorized
pursuant to a resolution of the governing body of the Governmental Agency to act as an
Authorized Officer of the Governmental Agency to perform any act or execute any document
relating to the Loan, the Governmental Agency Bond or this Loan Agreement whose name is
furnished in writing to the Authority.
"Commencement Date" means the date of commencement of the term of this Loan
Agreement, as set forth in Paragraph(1) of Exhibit B attached hereto and made a part hereof.
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