G-2, I-2 - Resolution 2022-012 - PH and Approval of Sewer Revenue - SQR

Section 16. Rule of Construction. This Agreement is executed pursuant to the provisions of Section 384.24A of the Code of Iowa and shall be read and construed as conforming to all provisions and requirements of that statute. In the event of any inconsistency or conflict between the terms and conditions of the Revenue Bond and this Agreement or the Regulations, the parties acknowledge and agree that the terms of this Agreement or the Regulations, as the case may be, shall take precedence over any such terms of the Revenue Bond and shall be controlling, and that the payment of principal of the Loan shall at all times conform to the schedule set forth on Exhibit A, as adjusted, and the Regulations. Section 17. Federal Requirements. The Participant agrees to comply with all applicable federal requirements including, but not limited to, Davis-Bacon wage requirements and the requirements relating to the use of American iron and steel products. Section 18. Application of Uniform Electronic Transactions Act. The Issuer and the Participant agree this Agreement and all documents related thereto and referenced herein may be entered into and provided for pursuant to and in accordance with Chapter 554D of the Code of Iowa. Section 19. Finalization of Project Costs; Completion of Interest Rate Adjustment. The Participant agrees that it will cooperate with the Issuer to finalize all Project costs and to take all action necessary to adjust the interest rate as determined by the Issuer regarding the Participant’s outstanding Sewer Revenue Bonds, Series 2018, dated May 11, 2018.