08-83 Hospital Improvement revenue bonds

Home Browse Search

(d) For purposes of any consent or other action to be taken by the holders of a specified percent- age of Bonds hereunder or under the Indenture, Bonds held by or for the account of the Issuer. "Paying Agents" means, as to any Series of Bonds, the Trustee and any other financial institutions or trust companies designated as paying agencies or places of payment for Bonds of such Series in or pursuant to the applicable Series Bond Legislation, and their successors designated pursuant to'the Indenture. "Permitted Encumbrances" means, as of any particular time, (i) liens for taxes and assessments which are not then delinquent, or, if then delinquent, which are being contested in accordance with the Inden- ture, (ii) any lease of the Hospital Facilities authorized by the Inden- ture, (iii) the Indenture, (iv) utility, access and other easements and rights-of-way, mineral rights, restrictions and exceptions that an Architect certifies will not interfere with or impair the operations being or to be conducted at or on any Hospital Facilities (or, if no operations are being conducted thereat or thereon, the operations for which such Hospital Facilities were designed or last modified), (vi) purchase money mortgages and purchase money security interests and other similar interests to the extent permitted in the Indenture, (vii) such minor defects, irregularities, encumbrances, easements, rights-of-way and clouds on title as normally exist with respect to properties of similar character to the Hospital Facilities and as do not in the aggre- gate, in the opinion of an Architect or Independent Counsel, materially adversely affect the value of the Hospital Facilities or materially impair the property affected thereby for the purpose for which it was acquired or is held by the Issuer, (viii) rights of certain members of the Issuer's medical and dental staff who have teaching or administra- tive responsibilities relating to the Hospital Facilities to use office space and equipment within or constituting a portion of the Hospital Facilities for the practice of medicine, dentistry and podiatry, and (ix) statutory rights of the United States or the State under 42 U.S.C. §291, et seq. "Person" or "persons" means natural persons, firms, associa- tions, corporations and public bodies. "Principal Retirement Dates" means, as to any Series of Bonds, the dates on which Bonds of such Series are to be retired (whether at their stated ma%urity or on Mandatory Redemption Dates), as specified in or pursuant to the applicable Series Bond Legislation. "Principal Retirement Schedule" means, as to any Series of Bonds, the schedule of the principal amount of the Bonds of such Series to be retired on the Principal Retirement Dates in accordance with their stated maturities or to be redeemed by mandatory redemption on the Mandatory Redemption Dates, as specified in or pursuant to the applic- able Series Bond Legislation. -10-