Accounting Records; Financial Statements and Other Reports. The Agency will keep appropriate accounting records in which complete and correct entries shall be made of all transactions relating to the Water System, which records shall be available for inspection by the Authority and the Trustee at reasonable hours and under reasonable conditions. The Trustee shall have no duties to inspect such records.
Accounting Records; Financial Statements and Other Reports. (a) The City will keep appropriate accounting records in which complete and correct entries shall be made of all transactions relating to the Water System and the Net Revenues, the Maintenance and Operation Costs and the Net Revenues relating thereto, which records shall be available for inspection by the Authority and the 2008 Trustee at reasonable hours and under reasonable conditions.
(b) The City will prepare annually within nine months after the close of each Fiscal Year (commencing with the Fiscal Year ending June 30, 2006) financial statements of the City for the preceding Fiscal Year prepared in accordance with generally accepted accounting principles, together with an Accountant’s Report thereon, which records shall be available for inspection by the Authority and the Trustee at reasonable hours and under reasonable conditions.
Accounting Records; Financial Statements and Other Reports. 15 Section 6.11. Protection of Security and Rights of the Corporation 15 Section 6.12. Payment of Taxes and Compliance with Governmental Regulations 16 Section 6.13. Further Assurances 16 Section 6.14. Enforcement of Contracts 16 Section 6.15. Observance of Laws and Regulations 16 Section 7.1. Prepayment 16 Section 7.2. Method of Prepayment 17 Section 8.1. Events of Default and Acceleration of Installment Payments 17 Section 8.2. Application of Funds Upon Acceleration 18 Section 8.3. Other Remedies of the Corporation 18 Section 8.4. Non-Waiver 18 Section 8.5. Remedies Not Exclusive 19 ARTICLE IX DISCHARGE OF OBLIGATIONS Section 9.1. Discharge of Obligations 19
Accounting Records; Financial Statements and Other Reports. (a) The District will keep appropriate accounting records in which complete and correct entries shall be made of all transactions relating to the District, which records shall be available for inspection by the Purchaser at reasonable hours and under reasonable conditions.
(b) The District will prepare and file with the Purchaser annually within two hundred seventy (270) days after the close of each Fiscal Year (commencing with the Fiscal Year ending June 30, 2022) financial statements of the District for the preceding Fiscal Year prepared in accordance with generally accepted accounting principles, together with the report of an Independent Certified Public Accountant thereon.
(c) During each Fiscal Year, the District will deliver a copy of its operating budget to the Purchaser annually within thirty (30) days after the adoption thereof.
(d) The District shall furnish at the Purchaser’s request such additional information that the Purchaser may from time to time reasonably request.
(e) The District shall furnish notice to the Purchaser of any occurrence of an event described in subsection (b)(5)(i)(C) of the Securities and Exchange Commission Rule 15c2-12 under the Securities Exchange Act of 1934, as amended (17 CFR Part 240, §240.15c2-12), as applicable, in a timely manner but not in excess of ten business days after the occurrence of such event.
Accounting Records; Financial Statements and Other Reports. The County will keep appropriate accounting records in which complete and correct entries shall be made of all transactions relating to the Facilities, and the County will prepare and file with the Corporation annually within two hundred seventy (270) days after the close of each Fiscal Year (commencing with the Fiscal Year ending June 30, 2016) financial statements of the County for the preceding Fiscal Year prepared in accordance with generally accepted accounting principles. Posting its audited financial statements for any Fiscal Year on the County’s website shall be deemed to satisfy the requirement to furnish audited financial statements for that year. The County will provide the Assignee with approved budgets within 45 days of the County's adoption and, both, unaudited and audited financial statements, within 45 days of completion and/or receipt, as applicable.
Accounting Records; Financial Statements and Other Reports. (a) The District will keep appropriate accounting records in which complete and correct entries shall be made of all transactions relating to the System, which records shall be available for inspection by the Authority, including agents and assignees of and lenders to the Authority (including the Authority Lender), at reasonable hours and under reasonable conditions.
(b) The District will prepare and file with the Authority or its assignee, annually within two hundred seventy (270) days after the close of each Fiscal Year (commencing with the Fiscal Year ending June 30, 2022) financial statements of the District for the preceding Fiscal Year prepared in accordance with generally accepted accounting principles, together with an Accountant’s Report thereon.
Accounting Records; Financial Statements and Other Reports. 19 Section 6.11. Protection of Security and Rights of the Bank 20 Section 6.12. Payment of Taxes and Compliance with Governmental Regulations 20 Section 6.13. Amount of Rates and Charges 20 Section 6.14. Eminent Domain Proceeds 21 Section 6.15. Further Assurances 21 Section 6.16. Enforcement of Contracts 21 Section 6.17. Observance of Laws and Regulations 21 Section 6.18. Maintenance of Existence 21 Section 6.19. Notice to the Bank 21 Section 6.20. Sovereign Immunity 22 Section 6.21. Most Favored Covenant 22 Section 6.22. Office of Foreign Assets Control; Patriot Act Compliance 22 Section 6.23. Environmental Laws 22 Section 7.1. Prepayment 23 Section 7.2. Method of Prepayment 24 Section 8.1. Events of Default and Acceleration of Maturities 25 Section 8.2. Application of Funds Upon Acceleration 26 Section 8.3. Other Remedies of the Bank 26 Section 8.4. Non-Waiver 27 Section 8.5. Remedies Not Exclusive 27 ARTICLE IX DISCHARGE OF OBLIGATIONS Section 9.1. Discharge of Obligations 27 ARTICLE X MISCELLANEOUS Section 10.1. Liability of District Limited 28 Section 10.2. Benefits of Installment Purchase Agreement Limited to Parties 28 Section 10.3. Successor Is Deemed Included in all References to Predecessor 28 Section 10.4. Waiver of Personal Liability 29 Section 10.5. Article and Section Headings, Gender and References 29 Section 10.6. Partial Invalidity 29 Section 10.7. Assignment and Participation 29 Section 10.8. Net Contract 29 Section 10.9. California Law; Venue 30 Section 10.10. Notices 30 Section 10.11. Effective Date 30 Section 10.12. Execution in Counterparts 30 Section 10.13. Indemnification of the Bank 30 Section 10.14. Amendments Permitted 31 Section 10.15. No Fiduciary Relationship 31 Section 10.16. Arbitration 31 Section 10.17. Restrictions on Installment Purchase Agreement 33 EXHIBIT A DESCRIPTION OF 2023 PROJECT........................................................................A-1 EXHIBIT B FORM OF LENDER LETTER ................................................................................ B-1 EXHIBIT C FORM OF REQUISITION FROM ACQUISITION FUND .................................... C-1 EXHIBIT D FORM OF SUBSTITUTION STATEMENT...........................................................D-1 This INSTALLMENT PURCHASE AGREEMENT (the “Installment Purchase Agreement”) is made and entered into as of January 1, 2023, by and between MISSION SPRINGS WATER DISTRICT, a county water district that is duly organized and existing under and by virtue of the l...
Accounting Records; Financial Statements and Other Reports. (a) The District will keep appropriate accounting records in which complete and correct entries shall be made of all transactions relating to the Sewer System, which records shall be available for inspection by the Bank at reasonable hours and under reasonable conditions.
(b) The District shall provide to the Bank all of the following:
(1) as soon as available, and in any event not later than 270 days after and as of the end of each Fiscal Year, the District’s complete audited financial statements, including the balance sheet and income statement as of the end of such Fiscal Year, and the related statements of revenues and expenses and changes in fund equity for such Fiscal Year, setting forth in each case in comparative form the corresponding figures for the preceding fiscal year, all in reasonable detail, certified by the Independent Certified Public Accountant as having been prepared in accordance with Generally Accepted Accounting Principles, consistently applied, such audit having been conducted with generally accepted auditing standards;
(2) not later than sixty (60) days after the end of each Fiscal Year, the District’s annual combined capital budget for the succeeding Fiscal Year of the District;
(3) contemporaneously with the delivery of the financial statements set forth in subsection (a) above, a certificate of an Authorized Representative to the effect that such financial statements are accurate and that there exists no Event of Default (as defined herein) nor any condition, act or event which with the giving of notice or the passage of time or both would constitute an Event of Default;
(4) as soon as possible but, in any event, within thirty (30) days after the issuance thereof, copies of any prospectus, official statement, offering circular, placement memorandum, remarketing circular or similar or corresponding document, and any supplements thereto and updates and amendments thereof, that the District makes available in connection with the offering for sale of any Bonds or Contracts, and, upon the Purchaser’s reasonable request, copies of all annual reports, and notices of filing of all other reports, that the District may be required to file with any federal or State governmental commission, department, board, bureau or district;
(5) copies of disclosure statements of the District and other information, including, without limitation, financial covenant calculations, pertaining to the District required to be delivered pursuant to any indentur...
Accounting Records; Financial Statements and Other Reports. (a) The District will keep appropriate accounting records in which complete and correct entries shall be made of all transactions relating to the Water System, which records shall be available for inspection by the Corporation at reasonable hours and under reasonable conditions.
(b) The District will prepare and file with the Corporation and the Trustee annually not later than July 31 of each year (commencing with the Fiscal Year ending December 31, 20 ) financial statements of the District for the preceding Fiscal Year prepared in accordance with Generally Accepted Accounting Principles, together with an Accountant’s Report thereon prepared by the Independent Certified Public Accountant who examined such financial statements stating (among other things) that nothing came to his attention in connection with such examination that indicated that the District was not in compliance with any of the agreements or covenants contained herein.
Accounting Records; Financial Statements and Other Reports. (a) The Commission shall keep appropriate accounting records in accordance with generally accepted accounting principles. Such accounting records shall at all times during business hours be subject to the inspection of the Trustee or of any Holder (or its representative authorized in writing).
(b) The Commission shall prepare and file with the Trustee annually within 210 days after the close of each Fiscal Year financial statements of the Commission for such Fiscal Year, together with an audit report thereon prepared by an Independent Certified Public Accountant. The Trustee shall have no duty to review, verify or analyze such audit report and financial statements and shall hold such audit report and financial statements solely as a repository for the benefit of the holders of the Obligations. The Trustee shall not be deemed to have notice of any information contained therein or default or Event of Default which may be disclosed therein in any manner.
