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will be necessary for the Issuer to issue the Series 1983 Bonds, as
<br />hereinafter defined; and
<br />
<br /> WHEREAS, in connection with the City's issuance of its Hospi-
<br />tal Improvement Revenue Bonds, Series 1983-A, dated March 15, 1983, in
<br />the aggregate principal amount of $31,695,000, and in order to secure
<br />the payment of debt service charges thereon, the Issuer entered into
<br />that certain Trust Indenture, dated as of March 15, 1983, between the
<br />Issuer and National City Bank, Cleveland, Ohio, as Trustee; and
<br />
<br /> WHEREAS, this Ordinance is legislation determined to be an
<br />emergency measure, the immediate passage of which is necessary for the
<br />immediate preservation of the public peace, property, health, safety,
<br />and welfare, in that it is necessary that prompt provision be made for
<br />the financing of the acquisition of the Medical Office Building in order
<br />for the Issuer to continue to provide efficiently, effectively and
<br />economically for the health, care, safety, and welfare of its residents
<br />and of the general public;
<br />
<br /> NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF
<br />LAKEWOOD, OHIO:
<br />
<br /> Section 1. Definitions. In addition to the words and terms
<br />elsewhere defined in this Ordinance, the Indenture, and in Bonds, the
<br />following terms shall have the following meanings unless otherwise
<br />stated therein or unless the context or use indicates another or differ-
<br />ent meaning or intent:
<br />
<br /> "Acquisition of Qualified Property" means the purchase,
<br />repair, replacement, renewal or construction of Qualified Property,
<br />whether such acquisition is by outright purchase, lease-purchase or
<br />conditional sale, and irrespective of whether payment therefor is made
<br />in installments or in a lump sum.
<br />
<br /> "Act of Bankruptcy" means a filing by the Issuer under Title 9
<br />of the United States Code, or any successor statute thereto.
<br />
<br /> "Additional Bonds" means any Bonds of the Issuer issued under
<br />Section 9 of this Bond Legislation.
<br />
<br /> "Alternate Letter of Credit" means an irrevocable letter of
<br />credit issued by a bank organized and doing business in the United
<br />States, which bank shall have capital and undivided surplus and profits
<br />at the time of issuance of not less than $50,000,000, which requires
<br />such bank to pay when due, to and upon request of the Trustee, the same
<br />amounts payable under the initial Letter of Credit, and with respect to
<br />which the Issuer shall have delivered to the Trustee written evidence,
<br />not less than 45 days nor more than 60 days prior to the Letter of
<br />Credit Termination Date, except for the event described in Subsections
<br />(f) and (g) of Section 7.01 of the Indentnre, in which event such
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