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Definitions ................................................................................................................. 1  \nARTICLE II  \nREPRESENTATIONS AND WARRANTIES  \nSection 2.1. Representations by the District .................................................................................. 6  \nSection 2.2. Representations and Warranties by the Corporation ................................................. 7  \nARTICLE III  \nACQUISITION AND CONSTRUCTION OF THE 2017 PROJECT  \nSection 3.1. Acquisition and Construction of the 2017 Project ..................................................... 7  \nSection 3.2. Changes to the Project ............................................................................................... 8  \nSection 3.3. Purchase and Sale of 2017 Project............................................................................. 8  \nSection 3.4. Title ............................................................................................................................ 8  \nSection 3.5. Acquisition Fund........................................................................................................ 8  \nSection 3.6. Disclaimer of Warranties ........................................................................................... 9  \nARTICLE IV  \nINSTALLMENT PAYMENTS  \nSection 4.1. Purchase Price ............................................................................................................ 9  \nSection 4.2. Installment Payments ............................................................................................... 10  \nARTICLE V  \nSECURITY  \nSection 5.1. Pledge of Revenues.................................................................................................. 10  \nSection 5.2. Allocation of Revenues............................................................................................ 10  \nSection 5.3. Additional Contracts and Bonds .............................................................................. 11  \nSection 5.4. Investments .............................................................................................................. 11  \nARTICLE VI  \nCOVENANTS OF THE DISTRICT  \nSection 6.1. Compliance with Installment Purchase and Sale Agreement and Ancillary Agreements .............................................................................................................. 12  \nSection 6.2. Against Encumbrances ............................................................................................ 12  \nSection 6.3. Against Sale or Other Disposition of Property ........................................................ 12  \nSection 6.4. Against Competitive Facilities................................................................................. 13  \nSection 6.5. Tax Covenants ......................................................................................................... 13  \nSection 6.6. Maintenance and Operation of the Airport .............................................................. 14  \nSection 6.7. Payment of Claims ................................................................................................... 14  \nSection 6.8. Compliance with Contracts...................................................................................... 14  \nSection 6.9. Insurance .................................................................................................................. 14  \nSection 6.10. Accounting Records; Financial Statements and Other Reports ............................... 15  \nSection 6.11. Protection of Security and Rights of the Corporation.............................................. 15  \nSection 6.12. Payment of Taxes and Compliance with Governmental Regulations ..................... 16  \nSe","cbCaivpNheyqpl1F","https://ap.wps.com/l/cbCaivpNheyqpl1F","pdf",244598,33,"English","# ARTICLE I\n## DEFINITIONS\n# ARTICLE II\n## REPRESENTATIONS AND WARRANTIES\n# ARTICLE III\n## ACQUISITION AND CONSTRUCTION OF THE 2017 PROJECT\n# ARTICLE IV\n## INSTALLMENT PAYMENTS\n# ARTICLE V\n## SECURITY\n# ARTICLE VI\n## COVENANTS OF THE DISTRICT\n# ARTICLE VII\n## PREPAYMENT OF INSTALLMENT PAYMENTS\n# ARTICLE VIII\n## EVENTS OF DEFAULT AND REMEDIES OF THE CORPORATION\n# ARTICLE IX\n## DISCHARGE OF OBLIGATIONS\n# ARTICLE X\n## MISCELLANEOUS","[{\"question\":\"What is the purpose of this agreement?\",\"answer\":\"It sets the terms for installment purchase and sale between Truckee Tahoe Airport District and Municipal Finance Corporation, covering the 2017 project, payments, security, and related legal obligations.\"},{\"question\":\"How are installment payments and purchase price handled?\",\"answer\":\"The agreement specifies the purchase price and the structure of installment payments under Article IV, including rules for ongoing payment obligations.\"},{\"question\":\"What security does the corporation receive?\",\"answer\":\"The corporation’s security is based on a pledge of revenues, including how revenues are allocated, plus provisions for additional contracts and related financial actions.\"},{\"question\":\"What happens if there is a default?\",\"answer\":\"The agreement outlines events of default and the corporation’s remedies, including acceleration of installment payments and application of funds, along with additional remedial options and non-waiver terms.\"}]","INSTALLMENT PURCHASE AND SALE AGREEMENT - Agreement Date 2017-08-01 | PDF"]