77007210 - Laserfiche WebLink

Browse

! � �-..-,., . _ _ � . , ..,w+w .« . . > ........yw. . � . . .. ... . .,... . . . . ..., . .. .. . . .. , . . ; y, �� � '- U07210 � , ;, � � �� �,a; , . . ,� ( a ) The Issuer is not then in default hereunder . � • ' ( b ) The Lessee was not , as of the date of its rmost - recently completed £ iscal year , in default with respect to any of its financial covenants under the Lease ; would have been in conpliance with c * : all of such financial covenants after giving effect to the issuance of tne additional series of bonds as of the date of its r�ost recently completed fiscal year ; and is not then in default under any other provision of the Lease . ;r '' � ( c ) The proceeds of such bonds of other ser :.es are to be used only for ( i ) the reiunding of prior series ' of bonds as uzay be permitted by the act and by the terms ot this Indentuze , and / or ( ii ) the acquisi - ° tion and / or construction of additions , extensions � . or improverr.ents to the Proj ect ( including equipment ) . c �a " U � ( d ) The Zssuer shall , prior te the issuance of such � , � ` bonds of other ser � es , enter into amend�ents to '" the Lease with the Lessee providino for ( i ) addi - �. ='. tional basic rentals in amounts and over a term a sufficient to fully pay a11 priaci. pal and interest �i�; requirements upon such bonds of othe : se: ies , and �� ; ( ii ) covenants by the Lessee to pay , as additional i�" rental , a11 taxes and assess�ents , insurance ��; premiums , expenses of re � airs and maintenance and fees and e::penses of the Trustee by reason of such additions , e :ctensions or im- � �' provements to the Project and the issuance of such -2 bonds of other series . < e ) The issuance of such bonds of other series •aill , in all respects , comply with the Act , with the provisions o = this Indenture and with all federal laws and requirements . ( f ) It shall have obtained and filed with the Trustee an opinion of counsel satisfactory to the Trustee ( and which may be counsel for the Zssuer or the Trustee ) to the e = rect that the interest upon all prior series of bonds will continue to remain exempt from zederal income taxes af ter the issuance , sale and delivery of such bonds of othzr series . ( g ) The aggregate principal amount of all funded debt ( as that term is defined in the Lease ) of Lessee which is to be outstanding after giving effect to the issuance of such bonds of other series then proposed to be issued , shall not exceed ( i ) 888 of the net worth ( as that te m is defined in the Lease ) of Lessee as of the date of its most recently completed fiscal year for any fiscaZ year completed prior to January 1 , 1932 , or ( ii ) 758 of such net worth as of the date of Lessee ' s most ? � recently completed fiscal year for any fiscal year completed subsequent to such date . e (h) The combined average annual net earnin� s ( as that `� term is defined in the Lease ) of Lessee , wiien � � � averaged for any two of its most recentl�� completed ,��" '` fiscal years , shall have been no � less than two C2 ) " 4.t t, times the aggregate of ( 1 ) the combined average �„' ,. annual debt service requirements on the bonds oz . ,�, � all series then outstanding ( but excluding there - � ,;�; � � from the debt sarvice requirements on any boads � � � +r�' - �� being retired) , ( 2 ) an amount equal to the average � 28 J