Resolution 2020-83 - Laserfiche WebLink

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terms on Default and forfeiture under this Contract. Section 6 includes provisions relating to Louisville's obligations to pay for the WGFP. ® PART III, "Provisions Applicable to Cash Allottees," consists of Section 7, which includes provisions that apply to Louisville only to the extent that it satisfies all or a portion of its Capital C&E Funding Obligations through Capital C&E Funding Cash Payments, and then only for the term of any payments for Capital C&E using proceeds from such Capital C&E Funding Cash Payments. ® PART IV, "Provisions Applicable to Loan Allottees," consists of Section 8, which includes provisions that apply to Louisville only to the extent that it satisfies all or a portion of its Capital C&E Funding Obligations through participation in a WGFP Financing, and then only for the term of repayment of the WGFP Financing (including any refinancing of the same) in which Louisville participates. The terms of Section 8 are not in effect at such times as there is no outstanding WGFP Financing in which Louisville participates. The effective date and terms of each Section of this Contract are provided in Section 5.1. AGREEMENT THEREFORE, in consideration of the facts recited above and of the covenants, terms and conditions set forth herein, the parties agree as follows: PART I — CONTRACT DEFINITIONS 1. Definitions. The following definitions shall apply to this Contract unless expressly modified herein. 1.1. "Acre-foot" means 43,560 cubic feet of water. 1.2. "Capital C&E Funding Cash Payment" means the payment by Louisville of any Capital C&E Funding Obligations in cash to the WGFP Enterprise. 1.3. "Capital C&E Funding Obligations" means Louisville's pro rata obligation, based on the WGFP Participation Percentages, to fund Capital C&E, which obligation shall equal the product of the Capital C&E multiplied by Louisville's WGFP Participation Percentage. For reference purposes, each WGFP Allottee's Capital C&E Funding Obligation for Initial C&E pursuant to Section 6.2.1 is set forth in Exhibit A opposite each WGFP Allottee's name, which exhibit the WGFP Enterprise may update from time to time as needed. For reference purposes, the amount of each WGFP Allottee's Capital C&E Funding Obligations for any additional Capital C&E under Sections 6.2.2 and 6.2.3 will be set out in Exhibit B (with separate tables for each additional Capital C&E), which exhibit the WGFP Enterprise may update from time to time as needed. Louisville may fulfill its Capital C&E Funding Obligations through Capital C&E Funding Cash Payments, participation in a WGFP Financing, or a combination thereof. 1.4. "Carriage Contract" means that Amendatory Contract, 2014 Contract No. 15XX650003, entered into on December 19, 2014, between the Subdistrict, the 2