• ~
<br />4. The payment of the principal of and any premium and interest
<br />on the Bonds shall be made solely from moneys realized from the sale or
<br />lease of the Project or from moneys realized from the loan of the
<br />proceeds of the Bonds to finance all or part of the costs of the Project.
<br />5. The costs of the Project (hereinafter the "Project Costs") may
<br />include any cost of acquiring, constructing, reconstructing, improving
<br />and expanding the Project. Without limiting the generality of the
<br />foregoing, the Project Costs shall specifically include the cost of the
<br />acquisition of all land, rights-of-way, property rights, easements and
<br />interests, the cost of all machinery and equipment, financing charges,
<br />interest prior to and during construction and for one year after comple-
<br />tion of construction whether or not capitalized, necessary reserve
<br />funds, costs of estimates and of engineering and legal services, plans,
<br />specifications, surveys, estimates of cost and of revenue, other expenses
<br />necessary or incident to determining the feasibility and practicability
<br />of acquiring, constructing, reconstructing, improving and expanding the
<br />Project, administrative expenses and such other expenses as may be
<br />necessary or incident to the acquisition, construction, reconstruction,
<br />improvement and expansion of the Project, the placing of the Project in
<br />operation and all incidental expenses, costs and charges relating to the
<br />Project not enumerated above. The parties agree, upon request, to
<br />provide or to cause to be provided to each other any data or information
<br />which may be reasonably required to verify any of the Project Costs
<br />enumerated in this paragraph. The User agrees that it will be respon-
<br />sible for and pay any Project Costs incurred prior to issuance of the
<br />Bonds and will pay all Project Costs which are not or cannot be paid or
<br />reimbursed from the proceeds of the Bonds.
<br />6. The User agrees that it will at all times indemnify and hold
<br />harmless the Corporation, the Board of Directors of the Corporation, the
<br />Unit, the City Council of the Unit and any of the officers, directors,
<br />employees, agents, servants and any other party acting for or on behalf
<br />of the Corporation or the Unit (such parties being hereinafter referred
<br />to as the "Indemnified Parties") against any and all losses, costs,
<br />damages, expenses and liabilities (collectively herein called "Losses")
<br />of whatsoever nature (including, but not limited to, attorneys' fees,
<br />litigation and court costs, amounts paid in settlement and amounts paid
<br />to discharge judgments) directly or indirectly resulting from, arising
<br />out of or relating to one or more Claims, as hereinafter defined, even
<br />if such Losses or Claims, or both, directly or indirectly result from,
<br />arise out of or relate to, or are asserted to have resulted from, arisen '~'
<br />out of or related to, in whole or in part, one or more negligent acts or
<br />omissions of the Indemnified Parties in connection with the issuance of
<br />the Bonds or in connection with the Project. The term "Claims" as used
<br />herein shall mean all claims, lawsuits, causes of action and other legal
<br />actions and proceedings of whatsoever nature, including but not limited
<br />-4-
<br />
|