32-89 Hospital Improvement Revenue Bonds $36 mil

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and amortization, (b) interest payments on any Hospital Debt, and (c) losses on the sale or disposition, not in the ordinary course of busi- ness, of investments or fixed or capital assets. With respect to the Lessee, "Projected Net Annual Income" shall have the meaning set forth in the foregoing sentence except that the term "Gross Revenues", as defined in the Lease, shall be substituted for "Hospital Receipts" and the term "chief financial officer of the Lessee" shall be substituted for "Auditor". "Property" means any and all land, leasehold interests, build- ings, machinery, eauipment, hardware, and inventory of the Operator, whether owned or leased, wherever located and whether now or hereafter acquired, any and all rights, titles and interests in and to any and all property whether real or personal, tangible or intangible and wherever situated and whether now or hereafter acquired and shall include all revenues, receipts or other moneys, or right to receive any of the same, including, without limitation, total assets of the Operator, accounts, accounts receivable, contract rights and general intangibles, and all proceeds of all of the foregoing, provided that with respect to the Issuer only such of the foregoing of the Issuer as is related to or arises out of the Issuer's ownership and operation of the Hospital Facilities shall be included as Property hereunder. "Purchase Contract" means (i) as to the Series One Bonds, the Purchase Contract among the Issuer, the Lessee and the Original Purchaser of the Series One Bonds authorized and approved pursuant to Section 5(j) of this Firs{ Supplemental Bond Legislation and (ii) as to the Series Two Bonds, the Purchase Contract among the Issunr, the Lessee · and the Original Purchaser of the Series Two Bonds authorized and approved pursuant to Section 9(j) of this First Supplemental Bond Legislation. "Put Hospital Debt" means any Hospital Debt which the holder thereof may require the debtor thereof to repurchase, redeem or retire within one year of the date on which such Hospital Debt is being examined for purposes of compliance with any of the tests, restrictions or covenants set forth in the Indenture. "Rating Service or "Rating Services" means any service or services providing a rating on the Bonds and the successors of any such service. "Rebate Amount" means the aggregate of the Excess Earnings and the Excess Earnings Investment Income. "Rebate Fund" means the Rebate Fund established pursuant to Section 12 hereof. "Registered Bonds" means, as to the Series One Bonds and any Series issued thereafter pursuant to the Indenture, Bonds registered in the respective names of the Holders thereof on the register maintained by the Registrar for the applicable series of Bonds. -11-