88-87 Amend 116-84 - Laserfiche WebLink

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issuance of the Original Bonds and approving the Original Agreement, Original Indenture and related matters. "Amendment,, means this First Amendment of Loan Agreement between the Issuer and the Company dated as of December 1, 1987. "Assignment" means the Assignment of Rents and Leases, dated as of even date with the Original Agreement, from the Company to the Trustee, as amended by a First Amendment of Assignment, dated as of December 1, 1987, between the Company and the Trustee, and as further amended or supplemented from time to time. "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 Project, 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 projects; but excluding depreciation, debt service on the Project Bonds and amortization thereof and federal, state and local income taxes. "Authenticating Agent" means the Authenticating Agent as defined in the Indenture. "Authorized Company Representative', means the person at the time designated to act on behalf of the Company by written certificate furnished to the Issuer and the Trustee, containing the specimen signature of that person and signed on behalf of the Company by its General Partner. That certificate may designate an alternate or alternates. In the event that all persons so designated become unavailable or unable to act and the Company fails to desig- nate a replacement within ten days after such unavailability or inability to act, the Trustee may appoint an interim Authorized Company Representative until such time as the Company designates that person. "Bond Fund" means the Bond Fund created in the Indenture. "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 Project 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 providing - 4 -