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Res 2023-208R approving a Resolution by the Board of Directors of the Alliance Regional Water Authority authorizing the issuance of Alliance Regional Water Authority bond anticipation note (Regional Water Supply Contract Project), Series 2023
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Res 2023-208R approving a Resolution by the Board of Directors of the Alliance Regional Water Authority authorizing the issuance of Alliance Regional Water Authority bond anticipation note (Regional Water Supply Contract Project), Series 2023
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1/9/2024 4:02:40 PM
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City Clerk - Document
Resolutions
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Approving
Number
2023-208
Date
12/19/2023
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generally shall not be applicable to the Purchaser, the maximum statutory rate of federal income <br /> taxation which could apply to the Purchaser as of such day). <br /> "Note"has the meaning set forth in the recitals hereof. <br /> "ONmer"means the registered owner of the Note. <br /> "Patriot Act" means the Uniting and Strengthening America by Providing Appropriate <br /> Tools Required to Intercept and Obstruct Terrorism Act of 2001,Title III of Pub.L. 107 56(signed <br /> into law October 26, 2001). <br /> "Person"means any individual,corporation,not for profit corporation,partnership,limited <br /> liability company,joint venture, association, professional association,joint stock company, trust, <br /> unincorporated organization, government or any agency or political subdivision thereof or any <br /> other form of entity. <br /> "Phase 1B Improvements Project"has the meaning set forth in the Resolutions. <br /> "Prime Rate" means on any day, the rate of interest per annum then most recently <br /> established by Wells Fargo Bank, National Association as its "prime rate." Any such rate is a <br /> general reference rate of interest, may not be related to any other rate, and may not be the lowest <br /> or best rate actually charged by Wells Fargo Bank, National Association to any customer or a <br /> favored rate and may not correspond with future increases or decreases in interest rates charged <br /> by other lenders or market rates in general, and that Wells Fargo Bank,National Association may <br /> make various business or other loans at rates of interest having no relationship to such rate. If <br /> Wells Fargo Bank,National Association ceases to establish or publish a prime rate from which the <br /> Prime Rate is then determined, the applicable variable rate from which the Prime Rate is <br /> determined thereafter shall be instead the prime rate reported in The Wall Street Journal (or the <br /> average prime rate if a high and a low prime rate are therein reported), and the Prime Rate shall <br /> change without notice with each change in such prime rate as of the date such change is reported. <br /> "Property" means, when used in connection with any Person, any and all rights, title and <br /> interests of such Person in and to any and all property (including cash) whether real, personal or <br /> mixed, or tangible or intangible, and wherever situated. <br /> "Purchaser" means, Wells Fargo Municipal Capital Strategies, LLC, and its successors <br /> and assigns. <br /> "Purchase Price" has the meaning set forth in Section 2.01(b) hereof. <br /> "Regional Water Supply Contract" means that certain Regional Water Supply Contract <br /> dated as of January 9, 2008, by and among the Authority and the Sponsors, as amended by <br /> Amendment No. 1 and Amendment No. 2, and as the same may be further amended, modified or <br /> restated from time to time. <br /> "Related Documents" means, collectively, this Agreement, the Resolutions, the Regional <br /> Water Supply Contract, the Note and any exhibits, schedules, instruments or agreements relating <br /> 5 <br />
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