My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
HOLMAN CAPITAL CORPORTAION
Clerk
>
Contracts / Agreements
>
H
>
HOLMAN CAPITAL CORPORTAION
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
4/25/2018 3:29:45 PM
Creation date
4/25/2018 3:09:01 PM
Metadata
Fields
Template:
Contracts
Company Name
HOLMAN CAPITAL CORPORTAION
Contract #
A-2018-094
Agency
Finance & Management Services
Council Approval Date
4/3/2018
Expiration Date
7/3/2029
Destruction Year
2034
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
57
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
EXHIBIT H <br />POST -ISSUANCE TAX COMPLIANCE PROCEDURES <br />Dated: April 6, 2018 <br />The following certificate is delivered 41 connection with the execution and delivery of the Equipment <br />Lease -Purchase Agreement dated April 6, 2018 (the "Lease Agreement"), entered into b etween the City <br />of Santa Ana (the "Lessee") and Holman Capital Corporation (the "Corporation"). <br />Capitalized terms used herein have the meanings defined in the Lease Agreement. <br />Section 1. In General. <br />1.1. This Certificate is executed for the purpose of establishing the reasonable expectations of Lessee as to <br />future events regarding the financing of certain equipment (the "Equipment') to be acquired by Lessor and <br />leased to Lessee pursuant to and in accordance with the Equipment Schedule executed under the Agreement <br />(the "Lease," and together with all related documents executed pursuant thereto and contemporaneously <br />herewith, the "Financing Documents"). As described in the Financing Documents, Lessor shall apply <br />$7,052,662.00 (the "'Principal Amount') toward the acquisition of the Equipment and closing costs, and <br />Lessee shall make Rental Payments under the terms and conditions as set forth in the Financing Documents. <br />1.2. The individual executing this Certificate on behalf of Lessee is an officer of Lessee delegated with the <br />responsibility of reviewing and executing the Financing Documents, pursuant to the resolution or other official <br />action of Lessee adopted with respect to the Financing Documents, a copy of which has been delivered to <br />Lessor. <br />1.3. The Financing Documents are being entered into for the purpose of providing funds for financing the cost <br />of acquiring, equipping and installing the Equipment which is essential to the governmental functions of <br />Lessee, which Equipment is described in the Equipment Schedule. The Principal Amount will be deposited In <br />escrow by Lessor on the date of issuance of the Financing Documents and held by Signature Bank, as escrow <br />agent (the "Escrow Agent') pending acquisition of the Equipment under the terms of that certain Escrow <br />Deposit Agreement dated as of April 6, 2018 (the "Escrow Agreement'), by and between Lessor and Escrow <br />Agent. <br />1.4 ,Lessee will timely file for the Lease a Form 8038-G (or, if the invoice price of the Equipment under <br />such schedule is less than $100,000, a Form 8038 -GC) relating to such Lease with the Internal Revenue <br />Service in accordance with Section 149(e) of the Internal Revenue Code of 1986, as amended (the "Code"). <br />1.5 The Lease is a "qualified tax-exempt obligation" for the purposes and within the meaning of <br />Section 265(b)(3) ofthe Internal Revenue Code of 1986, as amended. As such, the Lessee hereby represents <br />that the Lessee reasonably anticipates that the Lessee and other entities that the Lessee controls will not <br />issue tax-exempt obligations (including the Equipment Schedule) the aggregate principal amount of which <br />exceed $10,000,000 during the calendar year in which Equipment Schedule is executed and delivered and <br />interest commences to accrue thereunder] <br />Section 2. Non -Arbitrage Certifications. <br />2.1. The Rental Payments due under the Financing Documents will be made with monies retained in Lessee's <br />general operating fund (or an account or subaccount therein). No sinldng, debt service, reserve or similar fund <br />or account will be created or maintained for the payment of the Rental Payments due under the Financing <br />Documents or pledged as security therefor. <br />2.2. There have been and will be issued no obligations by or on behalf of Lessee that would be deemed to be <br />(i) issued or sold within fifteen (15) days before or after the date of issuance of the Financing Documents, (ii) <br />issued or sold pursuant to a common plan of financing with the Financing Documents and (iii) paid out of <br />
The URL can be used to link to this page
Your browser does not support the video tag.