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88-87 Amend 116-84
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88-87 Amend 116-84
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Last modified
5/14/2013 3:06:53 PM
Creation date
9/8/2003 6:57:10 AM
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Office Of Council
Document Type
Ordinances
Date
9/8/2003
Date Adopted
2/1/1988
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(d) Bonds in lieu of which others have been authenticated under <br /> Section 3.07 of this Indenture. <br /> <br /> "Paying Agent,, means any bank or trust company designated as a Paying <br />Agent by or in accordance with Section 6.12 of this Indenture. <br /> <br /> "Person" or words importing persons mean firms, associations, part- <br />nerships (including without limitation, general and limited partnerships), <br />joint ventures, societies, estates, trusts, corporations, public or govern- <br />mental bodies, other legal entities and natural persons. <br /> <br /> "Predecessor Bond" of any particular Bond means every previous Bond <br />evidencing all or a portion of the same debt as that evidenced by the particu- <br />lar Bond. For the purposes of this definition, any Bond authenticated and <br />delivered under Section 3.07 of this Indenture in lieu of a lost, stolen or <br />destroyed Bond shall, except as otherwise provided in Section 3.07, be deemed <br />to evidence the same debt as the lost, stolen or destroyed Bond. <br /> <br /> "Principal Payment Date" means, as to the Project Bonds, the date or <br />dates set forth as such in the form of Project Bond attached to the First <br />Supplement as Exhibit A, whether pursuant to mandatory sinking fund redemption <br />or upon final maturity, and as to Additional Bonds, each date or dates desig- <br />nated as a Principal Payment Date or Dates in the form of bond for which <br />provision is made in the applicable Supplemental Indenture or Bond <br />Legislation. <br /> <br /> "Project" means, collectively, the Project Site and the Project Fa- <br />cilities, each as defined in the Agreement, and together constituting a "proj- <br />ect'' as defined in the Act. <br /> <br /> "Project Bonds" means the $1,780,000 Industrial Development First <br />Mortgage Revenue Bonds (Detroit/Warren Building Project) of the Issuer, dated <br />December 1, 1984 but as of December 1, 1987, and originally issued by the <br /> Issuer pursuant to the Bond Legislation passed on December 3, 1984 and the <br /> Original Indenture, as amended by the A/~ending Bond Legislation and the First <br /> Supplement, and currently represented by the replacement bonds issued pursuant <br /> to the First Supplement in the form attached as Exhibit A to the First Supple- <br /> ment. <br /> <br />"Project Fund" means the Project Fund created in Section 5.01 hereof. <br /> <br /> "Project Note" means the nonnegotiable promissory note of the <br />Company, dated as of December 1, 1987, in the form attached to the First <br />~mendment of Loan Agreement as Exhibit A thereto in the principal amount of <br />$1,780,000 and exchanged for the Original Note, evidencing the obligation of <br />the Company to make Loan Payments. <br /> <br /> "Project Purposes" means acquiring, improving and rehabilitating real <br />property comprising a commercial facility to be used as an office building, <br />with retail space on the ground floor, located within the City of Lakewood, <br /> <br />-9- <br /> <br /> <br />
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