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DRINKING WATER STATE REVOLVING FUND PLANNING LOAN AGREEMENT <br />CONTENTS PAGE <br />ARTICLE I - DEFINITIONS 1 <br />1.01. WORDS AND TERMS. 1 <br />1.02. CORRELATIVE WORDS. 3 <br />ARTICLE II - WARRANTIES, REPRESENTATIONS AND COVENANTS 3 <br />2.01. WARRANTIES, REPRESENTATIONS AND COVENANTS. 3 <br />2.02. LEGAL AUTHORIZATION. 5 <br />2.03. AUDIT AND MONITORING REQUIREMENTS. 5 <br />ARTICLE III - LOAN REPAYMENT ACCOUNT 8 <br />3.01. LOAN DEBT SERVICE ACCOUNT. 8 <br />3.02. INVESTMENT OF LOAN DEBT SERVICE ACCOUNT MONEYS. 8 <br />3.03. LOAN DEBT SERVICE ACCOUNT WITHDRAWALS. 8 <br />3.04. ASSETS HELD IN TRUST. 8 <br />ARTICLE IV - PROJECT INFORMATION 9 <br />4.01. RESERVED. 9 <br />4.02. RESERVED. 9 <br />4.03. PROHIBITION AGAINST ENCUMBRANCES. 9 <br />4.04. COMPLETION MONEYS. 9 <br />4.05. CLOSE-OUT. 9 <br />4.06. LOAN DISBURSEMENTS. 9 <br />ARTICLE V - RATES AND USE OF THE WATER AND SEWER SYSTEMS 10 <br />5.01. RATE COVERAGE. 10 <br />5.02. NO FREE SERVICE. 10 <br />5.03. MANDATORY CONNECTIONS. 10 <br />5.04. NO COMPETING SERVICE. 10 <br />5.05. MAINTENANCE OF THE WATER AND SEWER SYSTEMS. 10 <br />5.06. ADDITIONS AND MODIFICATIONS. 10 <br />5.07. COLLECTION OF REVENUES. 11 <br />ARTICLE VI - DEFAULTS AND REMEDIES 11 <br />6.01. EVENTS OF DEFAULT. 11 <br />6.02. REMEDIES. 12 <br />6.03. DELAY AND WAIVER. 13 <br />ARTICLE VII - THE PLEDGED REVENUES 13 <br />7.01. SUPERIORITY OF THE PLEDGE TO THE DEPARTMENT. 13 <br />7.02. ADDITIONAL DEBT OBLIGATIONS. 13 <br />ARTICLE VIII - GENERAL PROVISIONS 14 <br />8.01. DISCHARGE OF OBLIGATIONS. 14 <br />i <br />