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32-89 Hospital Improvement Revenue Bonds $36 mil
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32-89 Hospital Improvement Revenue Bonds $36 mil
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Last modified
5/14/2013 3:06:42 PM
Creation date
9/5/2003 12:16:23 PM
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Office Of Council
Document Type
Ordinances
Date
9/5/2003
Date Adopted
6/5/1989
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"Restricted Property" means Restricted Property of the <br />Operator as identified in the Indenture, Lease or Guaranty and Security <br />Agreement, as such instruments may be duly amended, modified or <br />supplemented from time to time. <br /> <br /> "Secured Hospital Debt" means any Short-Term and Long-Term <br />Hospital Debt secured by a mortgage, security interest or lien on <br />Property. <br /> <br /> "Series 1983-A Bonds" means the Issuer's outstanding Hospital <br />Improvement Revenue Bonds, Series 1983-A, dated as of March 15, 1983. <br /> <br /> "Series 1983-A Escrow Account" means the Escrow Account de- <br />scribed in Section 6 hereof and established pursuant to the <br />Series 1983-A Escrow Agreement. <br /> <br /> "Series 1983-A Escrow Agreement" means the Escrow Agreement, <br />dated as of even date with the First Supplemental Indenture, by and <br />among the Issuer, the Trustee, and the Lessee. <br /> <br /> "Series One Bonds" means the Issuer's Hospital Improvement <br />Refunding Revenue Bonds, Series One (Lakewood Hospital Association), <br />authorized pursuant to Section 3 of this First Supplemental Bond <br />Legislation. <br /> <br /> "Series Two Bonds" means the Issuer's Hospital Improvement <br />Revenue Bonds, Series Tw~ (Lakewood Hospital Association), authorized <br />pursuant to Section 7 of this First Supplemental Bond Legislation. <br /> <br /> "Short-Term Hospital Debt" means all Hospital Debt, other than <br />Long-Term Hospital Debt, included in the following: <br /> <br /> (i) Hospital Debt with respect to money borrowed payable <br />on demand or for an original term, or renewable at the option <br />of the borrower for a period from the date originally <br />incurred, of one year or less; <br /> <br /> (ii) Hospital Debt with respect to leases which are <br />capitalized in accordance with generally accepted accounting <br />principles having an original term, or renewable at the option <br />of the lessee for a period from the date originally incurred, <br />of one year or less; and <br /> <br /> (iii) Hospital Debt with respect to installment purchase <br />contracts having an original term of one year or less (other <br />than contracts entered into in the ordinary course of <br />business). <br /> <br /> "Special Funds" means collectively the Debt Service Fund, the <br />Debt Service Reserve Fund, the Depreciation Reserve Fund, the Con- <br />struction Fund and any other funds or accounts permitted by, established <br />under, or identified in the Indenture, other than the Hospital Revenue <br />Fund and the Rebate Fund. <br /> <br />-12- <br /> <br /> <br />
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