Common use of SUBFUNDS, ACCOUNTS AND SUBACCOUNTS Clause in Contracts

SUBFUNDS, ACCOUNTS AND SUBACCOUNTS. Section 3.01 Creation of Subfunds, Accounts and Subaccounts 17 Section 3.02 Pledged Revenues Account 18 Section 3.03 Construction Account 22 Section 3.04 Debt Service Accounts 24 Section 3.05 Capitalized Interest Accounts 28 Section 3.06 Debt Service Reserve Accounts 29 Section 3.07 Rebate Account 30 Section 3.08 Project O&M Account 31 Section 3.09 Project O&M Reserve Account 31 Section 3.10 Ramp Up Reserve Account 32 Section 3.11 Project Renewal and Replacement Account 33 Section 3.12 Project Renewal and Replacement Reserve Account 33 Section 3.13 TIFIA Loans Prepayment Account 35 Section 3.14 Surplus Account 35 Section 3.15 Investment of Moneys 36 ARTICLE IV REPRESENTATIONS AND COVENANTS OF TRANSPORTATION ENTERPRISE Section 4.01 Representations 37 Section 4.02 Coverage Test 37 Section 4.03 Operation and Maintenance of Project 39 Section 4.04 Limitation on Project O&M Expenses 39 Section 4.05 Sale or Transfer of Pledged Revenues 40 Section 4.06 Annual Engineer’s Report 40 Section 4.07 Qualification as Government-Owned Business within CDOT and as an Enterprise 40 Section 4.08 Tax Covenant 40 Section 4.09 Credit Facilities and Hedge Facilities 41 Section 4.10 Annual Project Budget 41 Section 4.11 Accounts and Reports 42 Section 4.12 Funding TIFIA Loans Debt Service Reserve Account 42 Section 4.13 Payment of Lawful Claims 42 Section 4.14 Compliance with Law 42 Section 4.15 Defense of Trust Estate 42 Section 4.16 Continuing Disclosure 43 Section 4.17 State and Local Funds 43 Section 4.18 Insurance 43 Section 4.19 Events of Loss; Loss Proceeds 43 Section 4.20 CDOT O&M Loans 44 Section 4.21 Tolling Agreement 44 Section 4.22 Direct Agreement 45 Section 5.01 Indenture Event of Default 45 Section 5.02 Remedies Following an Indenture Event of Default 46 Section 5.03 Use of Moneys Received from Exercise of Remedies 47 Section 5.04 Owners of Majority of Bond Ownership Rights and the TIFIA Lender May Control Proceedings 49 Section 5.05 Limitations on Rights of Owners Acting Individually 50 Section 5.06 Trustee May Enforce Rights Without Bonds 50 Section 5.07 Trustee to File Proofs of Claim in Receivership, Etc. 50 Section 5.08 Delay or Omission No Waiver 50 Section 5.09 Discontinuance of Proceedings on Indenture Event of Default; Position of Parties Restored 51 Section 5.10 Waivers of Indenture Events of Default 51

SUBFUNDS, ACCOUNTS AND SUBACCOUNTS. Section 3.01 3.01. Creation of Subfunds, Accounts and Subaccounts 17 14 Section 3.02 3.02. Existing I-25 Express Lanes Excess Revenue Account 15 Section 3.03. Pledged Revenues Account 18 16 Section 3.03 3.04. Construction Account 22 20 Section 3.04 3.05. Debt Service Accounts 24 21 Section 3.05 3.06. Capitalized Interest Accounts 28 26 Section 3.06 3.07. Debt Service Reserve Accounts 29 27 Section 3.07 3.08. Rebate Account 30 28 Section 3.08 3.09. Project O&M Account 31 28 Section 3.09 Project O&M Reserve Account 31 Section 3.10 Ramp Up Reserve Account 32 Section 3.11 3.10. Project Renewal and Replacement Account 33 30 Section 3.12 Project Renewal and Replacement Reserve 3.11. System Surplus Account 31 Section 3.12. I-25 Express Lanes Surplus Account 33 Section 3.13 3.13. TIFIA Loans Prepayment Account 35 33 Section 3.14 Surplus Account 35 Section 3.15 3.14. Investment of Moneys 36 ARTICLE IV REPRESENTATIONS AND COVENANTS OF TRANSPORTATION ENTERPRISE 34 Section 4.01 4.01. Representations 37 34 Section 4.02 4.02. Coverage Test 37 35 Section 4.03 4.03. Operation and Maintenance of Project 39 36 Section 4.04 4.04. Limitation on Project O&M Expenses 39 36 Section 4.05 4.05. Sale or Transfer of Project or Pledged Revenues 40 36 Section 4.06 4.06. Annual Engineer’s Report 40 37 Section 4.07 4.07. Qualification as Government-Owned Business within CDOT and as an Enterprise 40 37 Section 4.08 4.08. Tax Covenant 40 37 Section 4.09 4.09. Credit Facilities and Hedge Facilities 41 37 Section 4.10 4.10. Annual Project Budget 41 38 Section 4.11 4.11. Accounts and Reports 42 38 Section 4.12 4.12. Funding TIFIA Loans Debt Service Reserve Account 42 39 Section 4.13 4.13. Payment of Lawful Claims 42 39 Section 4.14 4.14. Compliance with Law 42 39 Section 4.15 4.15. Defense of Trust Estate 42 39 Section 4.16 Continuing Disclosure 43 Section 4.17 State and Local Funds 43 Section 4.18 Insurance 43 Section 4.19 Events of Loss; Loss Proceeds 43 Section 4.20 CDOT O&M Loans 44 Section 4.21 Tolling Agreement 44 Section 4.22 Direct Agreement 45 Section 5.01 5.01. Indenture Event of Default 45 39 Section 5.02 5.02. Remedies Following an Indenture Event of Default 46 40 Section 5.03 5.03. Use of Moneys Received from Exercise of Remedies 47 42 Section 5.04 5.04. Owners of Majority of Bond Ownership Rights and the TIFIA Lender USDOT May Control Proceedings 49 43 Section 5.05 5.05. Limitations on Rights of Owners Acting Individually 50 44 Section 5.06 5.06. Trustee May Enforce Rights Without Bonds 50 44 Section 5.07 5.07. Trustee to File Proofs of Claim in Receivership, EtcEtc 44 Section 5.08. 50 Section 5.08 Delay or Omission No Waiver 50 44 Section 5.09 5.09. Discontinuance of Proceedings on Indenture Event of Default; Position of Parties Restored 51 45 Section 5.10 5.10. Waivers of Indenture Events of Default 5145