CT2017-2875 Contract - Laserfiche WebLink

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i. BASE LOAN AMOUNT:LOAN AMOUNT THAT DOES NOT INCLUDE THE ONE PERCENT(1%) LOAN ORIGINATION FEE.THIS IS THE AMOUNT DISBURSED BY CWCB TO THE BORROWER. ii. BORROWER:AN ELIGIBLE ENTITY,AS SPECIFIED,WHO WILL BE RESPONSIBLE FOR THE REPAYMENT OF THE LOAN. iii. COLLATERAL:PROPERTY OR OTHER ASSETS THAT THE BORROWER OFFERS TO SECURE THE LOAN. iv. EVIDENCE OF INSURANCE:ACORD 25 FORM.WRITTEN DOCUMENTATION OF INSURANCE. v. LOAN DOCUMENTS:INCLUDE ALL FORMAL LOAN CONTRACT DOCUMENTS INCLUDING BUT NOT LIMITED TO THE EXECUTED LOAN CONTRACT,ALL EXECUTED APPENDICES,AND ALL EXECUTED AMENDMENTS. vi. LOAN ORIGINATION FEE:ONE(1%) OF THE BASE LOAN AMOUNT. vii. PLEDGED REVENUES:THE COLLATERAL THE BORROWER OFFERS TO SECURE THE LOAN.THE PLEDGED REVENUES SHALL CONSIST OF BORROWER'S ASSESSMENT REVENUE AND BORROWER'S POWER REVENUE GENERATED BY THE GRAND VALLEY PROJECT POWER PLANT. PLEDGED REVENUES SHALL NOT INCLUDE GRANT REVENUE FROM ANY SOURCE,OR ANY OF THE RESTRICTED FUNDS.BORROWER MUST MAINTAIN IN SEPARATE ACCOUNTS UNDER ITS AGREEMENTS WITH THE UNITED STATES,SUCH AS ITS LICENSE OF POWER PRIVILEGE RESERVE ACCOUNT AND ITS OPERATION AND MAINTENANCE RESERVE ACCOUNT. viii. PROMISSORY NOTE:THE DOCUMENT PROVIDING A WRITTEN AGREEMENT TO PAY THE TOTAL LOAN AMOUNT TO CWCB. ix. SECURITY AGREEMENT:THE DOCUMENT THAT PROVIDES A SECURITY INTEREST IN A SPECIFIED ASSET PLEDGED TO REPAY THE LOAN. x. TOTAL LOAN AMOUNT:BASE LOAN AMOUNT AND LOAN ORIGINATION FEE OF ONE PERCENT(i%). B. LOAN PROVISIONS i. Loan Origination Fee. The TOTAL LOAN AMOUNT shall include (1) the BASE LOAN AMOUNT loaned by the CWCB, to the BORROWER, for the PROJECT and (2) a LOAN ORIGINATION FEE of one percent (1%) of the BASE LOAN AMOUNT. 2. Amendments and Option Letters. In the event that the BORROWER does not use the full amount authorized, the parties shall amend this CONTRACT or exercise an OPTION LETTER (attached as APPENDIX 2) to revise the TOTAL LOAN AMOUNT including an Page 2 of 14