88-87 Amend 116-84 - Laserfiche WebLink

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"Amending Bond Legislation" means Ordinance No. -88 passed by the Legislative Authority on __, 1988, amending Ordinance No. 116-84 passed by the Legislative Authority on December 3, 1984 providing for the issuance of the Original Bonds and approving the Original Agreement, the Original Indenture and related matters. "Amendment of Loan Agreement" means the First Amendment of Loan Agreement between the Issuer and the Company dated as of December 1, 1987. "Audited Net Operating Income" means, for any period of time the amount shown on the Company's annual audited income statement for that period of time as all income of the Company from whatever source derived, excluding income derived from the sale or refinancing of the Pro3ect, less Audited Operating Expenses accrued during that period of time. "Audited Operating Expenses" means, for any period of time, the amount shown on the Company's annual audited income statement for that period of time as all amounts expended in connection with the Project, including, without limitation, all amounts expended for maintenance, management, real estate taxes and assessments, both general and special and including delin- quent real estate taxes and interest and penalties thereon, public liability, hazard and other forms of insurance, workers' compensation insurance, utility costs, supplies, reasonable reserves for repairs and maintenance, and such other expenses as are customarily incurred in connection with the operation of similar-type pro3ects; but excluding depreciation, debt service on the Pro3ect Bonds and amortization thereof and federal, state and local income taxes. "Authenticating Agent" means the Trustee and the Registrar for the series of Bonds and any bank, trust company or' other Person designated as an Authenticating Agent for such series of Bonds by or in accordance with Section 6.13 of this Indenture, each of which shall be a transfer agent registered in accordance with Section 17A(C) of the Securities Exchange Act of 1934 as amended. "Authorized Company Representative" means the person designated at the time pursuant to the Agreement to act on behalf of the Company. "Authorized Official" means the Mayor or the Director of Finance of the Issuer. "Bond Fund" means the Bond Fund created in Section 5.04 hereof. "Bond Legislation" means (a) when used with reference to the Original Bonds, Ordinance No. 116-84 passed by the Legislative Authority on December 3, 1984, providing for their issuance and approving the Original Agreement, the Original Indenture and related matters; (b) when used with reference to the Pro3ect Bonds, the ordinance referred to in (a) above, as amended by the Amending Bond Legislation; (c) when used with reference to an issue of Addi- tional Bonds, the ordinance referred to in (a) above, as amended by the Amend- lng Bond Legislation, to the extent applicable, and the legislation providin~ for the issuance of the Additional Bonds and approving any amendment to the Agreement, any Supplemental Indenture and related matters; and (d) when used -4-