106-83 Bonds for Hospial - Laserfiche WebLink

Home Browse Search

pursuant to the applicable Series Bond Legislation, and their successors designated pursuant to the Indenture. "Payment, Purchase and Remarketing Agreement" means the Bond Payment, Purchase and Remarketing Agreement relating to the Series 1983 Bonds, dated as of even date with the Series 1983 Bonds originally delivered among the Bank, the Issuer, the Remarketing Agent and the Trustee, and any permitted amendments or supplements thereto. "Person" or "persons" means natural persons, firms, asso- ciations, corporations and public bodies. "Prime Rate" means the rate of interest per annum publicly announced from time to time by National City Bank, Cleveland, Ohio, at its principal office, as its prime or base lending rate for commercial loans generally, such rate changing automatically from time to time effective as of the effective date of each such announced change; provided that in no event shall the Prime Rate exceed the highest rate permitted by law. "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 maturity 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 applica- ble Series Bond Legislation. "Project" means, as used in any Series Bond Legislation authorizing the issuance of a Series of Bonds to pay Costs of Hospital Facilities, the acquisition, construction, remodeling, renovation, improvement, enlargement, equipping or furnishing of the Hospital Facilities to be financed in whole or in part with the proceeds of Bonds of such Series. "Purchase Contract" means (i) as to the Series 1983 Bonds, the Purchase Contract between the Issuer and the Original Purchaser of the Series 1983 Bonds authorized and approved pursuant to Section 5(m) hereof; and (ii) as to any Series of Additional Bonds, the Purchase Contract between the Issuer and the Original Purchaser of such Series of Bonds authorized pursuant to the Series Bond Legislation authorizing the issuance thereof. "Purchase Price" means, as to any Series of Bonds, the aggre- gate amount specified in or pursuant to the applicable Series Bond Legislation as the Purchase Price for the Bonds of such Series, together -12-