08-83 Hospital Improvement revenue bonds

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above; (iv) certificates of deposit of any bank, savings and loan assoc- iation or tr~st company, including the Trustee, organized under the laws of the United States of America or Canada or any state or province thereof, which has combined capital and surplus of at least $25,000,000 in dollars of the United States of America and the deposits at which are insured by the Federal Deposit Insurance Corporation or the Federal Savings and Loan Insurance Corporation, or of any bank, savings and loan association or trust company having its principal office in the State of Ohio and the deposits at which are insured by the Federal Deposit Insurance Corporation or the Federal Savings and Loan Insurance Corpor~on, which pledges security for the moneys invested in such certificates of deposit of the same type and in the same amount as if the moneys so invested had been deposited as interim or inactive funds of an Ohio political subdivision pursuant to Chapter 135 of the Ohio Revised Code; (v) any repurchase agreement secured by any one or more of the securi- ties described in (i) through (iv) above, inclusive, provided that such repurchase agreement is with a bank (including the Trustee) and provided further that such repurchase agreement provides that the Trustee shall have custody of the securities securing such repurchase agreement; or (vi) general obligations of any State of the United States or any poli- tical subdivision of any State, other than the Issuer, the interest on which is exempt from federal income taxes, provided that such general obligations are rated as "AA" or higher by a Rating Service, and pro- vided further that such general obligations shall constitute Eligible Investments only for moneys which, in the opinion of nationally recog- nized bond counsel, must be invested at a restricted yield in order to prevent any Bonds from becoming "arbitrage bonds" under Section 103(c) of the Internal Revenue Code of 1954, as amended. "Escrow Account" means the Escrow Account described in Section 8 hereof and established pursuant to the Escrow Agreement. "Escrow Agreement" means the Escrow Agreement, dated as of even date with the Indenture, between the Issuer and the Trustee under the Prior Indenture. "Event of Full Funding" means any date on which the amount on deposit in the Debt Service Reserve Fund equals or exceeds the then outstanding principal amount of the Bonds~ "Executive" means the Mayor of the Issuer. "Existing Hospital Facilities" means the general hospital building owned by the Issuer, including the real estate owned by the Issuer on which such building is situated and the 'improvements and appurtenances to and the equipment and furnishings for such building, all as existing on the date of the Indenture. "Fiscal Officer" means the Director of Finance of the Issuer. "Fiscal Year" means a period of twelve consecutive months commencing on the first day of January of any year and ending on the last day of December of the same calendar year, both inclusive, or such other consecutive twelve-month period as hereafter may be established as -5-