Agmt 2011 EBRCSA - Laserfiche WebLink

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"Bond Law" means Article 4 (commencing with Section 6584) of Chapter 5 of Division 7 of Title 1 of the California Government Code, as amended from time to time. "Bonds" means the revenue bonds of the Authority' issued from time to time to finance the Project pursuant to the Trust Agreement. "Business Day" means a day which is not a Saturday, Sunday or legal holiday on which banking institutions in the State of California, or in any state in which the Office of the Trustee is located, are closed. "County" means the County of Alameda and/or the County of Contra Costa, as further specified herein. "Debt Service" means the debt service due Alameda and Contra Costa Counties on the Bonds and set forth in the Trust Agreement and Financing Agreements, as they may be amended or supplemented from time to time. "Due Date" means, with respect to the User Payments, August 31st of each year. "Event of Default" means an event of default described in Section 5.01 hereof. "Financing Agreement" means an agreement between the Authority and the respective County pursuant to which County will purchase the Bonds. "Fiscal Year" means the period beginning on July 1 of each year and ending on the next succeeding June 30, or any other twelve -month period hereafter selected and designated as the official Fiscal Year period of the Authority designated in a Written Certificate of the Authority delivered to the Trustee. "Initial Payments" means the charge of Two Hundred Dollars (S200) per radio, established by the Authority as an up -front payment required to become a User pursuant to Section 3.01. "JPA Agreement" means that certain Joint Exercise of Powers Agreement, dated as of September 11, 2007, establishing the Authority, as originally executed or as it may from time to time be supplemented, modified or amended as provided therein. "Members" means the signatories to the JPA Agreement, as the same may be amended from time to time, that have executed an Operating Agreement. "Net Proceeds" means, when used with respect to any insurance or condemnation award received by the Authority, the proceeds from such insurance or condemnation award remaining after payment of all reasonable expenses (including attorneys' fees) incurred in the collection of such proceeds. "New User" means a local agency that has entered into or intends to enter into an Operating Agreement with the Authority and that has not paid an Initial Payment. - 3 - P r o j e c t Operating Agreement Ili 17,10 City Attorney Group