Affirmative Covenants of the Authority. Section 5.1. Maintenance of Existence, Etc 30 Section 5.2. Access and Reporting 30 Section 5.3. Further Assurances 32 Section 5.4. Application of Proceeds 33 Section 5.5. Compliance with Legal Requirements 33 Section 5.6. Payment of Debt 33 Section 5.7. Authority Documents 33 Section 5.8. Rate Covenant 33 Section 5.9. Creation of Debt and Liens 34 Section 5.10. Maintenance of Insurance 34 Section 5.11. ERISA 35 Section 5.12. Compliance with Laws, Etc 35 Section 5.13. Taxes 35 Section 5.14. Maintenance of Rate Stabilization Fund 37 Section 5.15. Covenants of Subsidiary 37 Section 5.16. Sovereign Immunity 37 Section 5.17. Environmental Covenant 37 Section 5.18. Investment of Funds 38 Section 5.19. Ratings 38 Section 5.20. PILOT 38 Section 5.21. Credit Facilities 38 Section 5.22. Dealers 39 Section 5.23. Licenses and Permits 39 Section 5.24. Access to Commercial Paper Reporting System 39 Section 5.25. Maintenance of Ratings 39
Affirmative Covenants of the Authority. So long as the Certificate remains outstanding, the Authority will, unless the Holder otherwise agrees:
Affirmative Covenants of the Authority. The Authority is a permanent and perpetual North Dakota political subdivision, as created by the Joint Powers Agreement dated June 11, 2016, and is a Non-Federal Sponsor of the Comprehensive Project as set forth in the Project Partnership Agreement with the United States Department of Army. Pursuant to the Joint Powers Agreement and the obligations set forth in the Project Partnership Agreement, in the event the Authority should ever dissolve all obligations to third parties will continue in full force and effect and the Comprehensive Project Property and Liabilities shall be transferred to the City of Fargo and the City of Xxxxxxxx as the other Non-Federal Sponsors. The Settlement Agreement will provide the above covenants and provide that it is consistent with this Section.
Affirmative Covenants of the Authority. Until the later of the Termination Date and the date that all the Payment Obligations are paid in full, unless the Bank otherwise expressly consents in writing:
Affirmative Covenants of the Authority. So long as the Commitment is outstanding and until all Obligations shall have been paid in full, the Authority hereby covenants and agrees, that:
Affirmative Covenants of the Authority. 55 Section 8.01. Affirmative Covenants of the Authority 55 ARTICLE IX NEGATIVE COVENANTS OF THE AUTHORITY 59 Section 9.01. Negative Covenants of the Authority 59 ARTICLE X DEFAULTS AND REMEDIES 62 Section 10.01. Events of Default 62 Section 10.02. Rights and Remedies upon Default 66 Section 10.03. No Waiver 67 Section 10.04. Discontinuance of Proceedings 67 ARTICLE XI MISCELLANEOUS 67 Section 11.01. Evidence of Debt 67 Section 11.02. Amendments and Waivers 67 Section 11.03. Addresses for Notices 67 Section 11.04. Survival of This Agreement 69 Section 11.05. Severability 69 Section 11.06. Governing Law; Waiver of Jury Trial; Jurisdiction and Venue 69 Section 11.07. Successors and Assigns 71 Section 11.08. No Setoff 73 Section 11.09. Headings 73 Section 11.10. Counterparts 73 Section 11.11. Patriot Act 74 Section 11.12. Arm’s Length Transaction 74 Section 11.13. No Advisory or Fiduciary Responsibility 74 EXHIBIT A-1 — Form of Tax-Exempt LIBOR Note EXHIBIT A-2 — Form of Taxable Note EXHIBIT B — Form of Request for Advance EXHIBIT C — Form of Request for Extension EXHIBIT D — Form of Notice of Termination EXHIBIT E — Form of Notice of Termination or Reduction EXHIBIT F — Form of Notice of Reduction EXHIBIT G — Form of Notice of Extension EXHIBIT H — Form of Request for Extension of Term Loan SECOND AMENDED AND RESTATED REVOLVING CREDIT AGREEMENT THIS SECOND AMENDED AND RESTATED REVOLVING CREDIT AGREEMENT, dated as of February 1, 2019 (this “Agreement”), is entered into by and between the LOS ANGELES COUNTY METROPOLITAN TRANSPORTATION AUTHORITY, a county transportation commission duly established and existing under the laws of the State of California (the “Authority”) and XXXXX FARGO BANK, NATIONAL ASSOCIATION and its successors and permitted assigns (the “Lender”).
