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rs7.
<br /> Assessment. In addition, the Loan Service Fee and all of the associated interest are deducted from the
<br /> first two payments.
<br /> (19) "Stormwater System" shall mean all devices and facilities owned by the Local Government
<br /> for collection, transmission, detention, retention, treatment, and management of stormwater.
<br /> 1.02. CORRELATIVE WORDS.
<br /> Words of the masculine gender shall be understood to include correlative words of the feminine
<br /> and neuter genders. Unless the context shall otherwise indicate, the singular shall include the plural and
<br /> the word "person" shall include corporations and associations, including public bodies, as well as natural
<br /> persons.
<br /> ARTICLE II - WARRANTIES, REPRESENTATIONS AND COVENANTS
<br /> 2.01. WARRANTIES, REPRESENTATIONS AND COVENANTS.
<br /> The Local Government warrants,represents and covenants that:
<br /> (1) The Local Government has full power and authority to enter into this Agreement and to
<br /> comply with the provisions hereof.
<br /> (2) The Local Government currently is not the subject of bankruptcy, insolvency, or
<br /> reorganization proceedings and is not in default of, or otherwise subject to, any agreement or any law,
<br /> administrative regulation,judgment, decree, note, resolution, charter or ordinance which would currently
<br /> restrain or enjoin it from entering into, or complying with, this Agreement.
<br /> (3) There is no material action, suit,proceeding, inquiry or investigation, at law or in equity,
<br /> before any court or public body,pending or, to the best of the Local Government's knowledge,
<br /> threatened, which seeks to restrain or enjoin the Local Government from entering into or complying with
<br /> this Agreement.
<br /> (4) The Local Government knows of no reason why any future required permits or approvals
<br /> associated with the Project are not obtainable.
<br /> (5) The Local Government shall undertake Preconstruction Activities and the Project on its own
<br /> responsibility,to the extent permitted by law.
<br /> (6) To the extent permitted by law, the Local Government shall release and hold harmless the
<br /> State, its officers, members, and employees from any claim arising in connection with the Local
<br /> Government's actions or omissions in its planning, engineering, administrative, and construction
<br /> activities financed bythis Loan or in its operation of Project facilities.
<br /> (7) All Local Government representations to the Department, pursuant to the Loan Application
<br /> and Agreement, were true and accurate as of the date such representations were made. The financial
<br /> information delivered by the Local Government to the Department was current and correct as of the date
<br /> such information was delivered. The Local Government shall comply with Chapter 62-504, Florida
<br /> Administrative Code, or succeeding rules,and all applicable State and Federal laws, rules, and
<br /> regulations which are identified in the Loan Application or Agreement. (Chapter 62-503 is expected to
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