Project Operating Agmt 02012011 - Laserfiche WebLink

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Service Payments means the annual payments by each User for the service provided by the Project in the applicable Operating Period in the amounts set forth in Exhibit A hereto as revised periodically from time to time by the Authority which amounts shall be used by the Authority to pay the principal of and interest on the Bonds or deposited in the Reserve and Replacement Fund Trustee means initially the Treasurer Auditor or other designee of the County of Alameda or such other firm appointed by the Authority and acting as an independent Trustee with the duties and powers provided in the Trust Agreement its successors and assigns and any other corporation or association which may at any time be substituted in its place as provided in the Trust Agreement Trust Agreement means the Trust Agreement dated as of October I 2010 between the Authority and the Trustee as originally executed and as it may from time to time be amended or supplemented User Payment means collectively the Service Payment and the Operating Payment due in any year except to the extent such amounts are rebated to a User due to abatement of such Users obligations hereunder as provided in Section 304 hereof Users means all signatories to an Operating Agreement that have paid an Initial Payment ARTICLE II OPERATION OF THE FACILITIES Section 201 Operation of the Project Title The Authority has or will enter into purchase orders and contracts to supervise and provide for or cause to be supervised and provided for the complete planning design construction acquisition financing improvement repair modification and installation of the Project collectively Construction The Authority covenants to obtain such land use permits as are required for Construction In the event any such permit cannot be reasonably obtained the Authority will use its best efforts to pursue alternate sites for such component of the Project The Authority agrees that it will cause the work under said contracts to be diligently performed and that the Project will be constructed in accordance with the specifications approved by the Authority The Authority shall have the right to make additions modifications and improvements to the Project or any portion thereof All additions modifications and improvements to the Project shall thereafter comprise part of the Project and become subject to the provisions of this Operating Agreement Such additions modifications and improvements shall not in any way damage the Project or cause the Project to be used for purposes other than those authorized under the provisions of state and federal law and the Project upon completion of any additions modifications and improvements made thereto pursuant to this Section shall be of a value which 5 Project Operating Agreement 11 17 10 City Attorney Group