Project Operating Agmt 02012011 - Laserfiche WebLink

Home

Operating Agreement means this operating agreement dated as of including any amendments and supplements hereto Operating Agreements means collectively the operating agreements executed by the Authority relating to the Project Operating Costs means the costs spent or incurred by the Authority for maintaining and operating the Project including all expenses of management repair and operation including but not limited to costs of electricity outside vendor contracts software license and upgrades replenishment of the Reserve and Replacement Fund and all other expenses necessary to maintain and preserve the Project in good repair and working order and all administrative costs of the Authority including administrative costs attributable to the Project and to the Operating Agreement including without limitation salaries and wages of employees overhead insurance taxes if any expenses reasonable compensation and indemnification of fiscal agents paying agents and trustees with respect to the foregoing and fees of auditors accountants attorneys or engineers and all applicable federal state and local requirements pertaining to the operation of the Project Operating Payment means the share of Operating Costs including but not limited to funding of the Reserve and Replacement Fund and funding of new capital annually allocated to each User as annually determined by the Authority Operating Period means the period in each year from July 1 to and including the following June 30 during which time the Authority is operating the Project Project means that certain public safety radio system to be financed with the proceeds of the Bonds and all other sources of financing available to the Authority as described in Exhibit B hereto as the same may be amended from time to time Project Fund means that certain fund created pursuant to the Authoritys Financing Agreements with the Counties to be funded from the proceeds of issuance of the Authoritys Bonds and the prepayment of Service Payments made prior to Bond sizing Reserve and Replacement Fund means the reserve and replacement fund held by the Authority pursuant to Section 306 hereof Reserve and Replacement Fund Requirement means that requirement for the Authoritys maintenance of a minimum of One Million Dollars 1000000 in the Reserve and Replacement Fund Revenue Fund means the special fund held by the Trustee pursuant to the Trust Agreement Revenues means a the Initial Payments b all User Payments received by the Authority from the Users hereunder including the proceeds of any business interruption insurance c investment income with respect to any moneys held by the Trustee in the funds and accounts established under the Trust Agreement and the Financing Agreements and d all other funds from any source legally available to the Authority 4 Pr oj e c t Operating Agreement 1 1 17 10 City Attomey Group