32-89 Hospital Improvement Revenue Bonds $36 mil

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solely to sUch payments, including funds constituting Capitalized Interest or held in connection with an advance or cross-over refunding. "Annual Requirements" means the aggregate amount required to have been paid for Hospital Debt (other than from the proceeds of Hospital Debt or from funds that are irrevocably deposited and committed solely to such payments, including funds constituting Capitalized Interest or held in connection with an advance or cross-over refunding) in any applicable Fiscal Year of the Operator, for which audited finan- cial statements are available. "Authorized Lessee Representative" means the person designated as such by the chief executive officer of the Lessee, which designation shall be evidenced to the Trustee and the Issuer by a certificate signed by the chief executive officer of the Lessee. Such certificate may designate an alternate or alternates who shall have the same authority, duties and powers as the Authorized Lessee Representative. "Balloon Hospital Debt" means (i) Long-Term Hospital Debt (or Short-Term Hospital Debt which is intended to be refinanced upon or prior to its maturity and which Short-Term Hospital Debt is subject to a commercially reasonable binding commitment for such refinancing so that such Short-Term Hospital Debt will be outstanding, in the aggregate, for more ~han one year as certified in an Officer's Certificate), twenty- five percent or more of the initial principal amount of which matures (or is payable at the option of the holder) in any twelve month period, if such twenty-five percent or more is not to be amortized to below twenty-five percent by mandatory redemption prior to such twelve month period, or (ii) any balloon maturity or maturity payable prior to maturity at the option of the holder constituting a portion of an issue of Long-Term Hospital Debt which portion, if treated as a separate issue of Hospital Debt, would meet the test set forth in clause (i) of this definition and which portion of Hospital Debt is designated as Balloon Hospital Debt in an Officer's Certificate stating that such portion shall be deemed to constitute a separate issue of Balloon Hospital Deb%. "Bond" or "Bonds" means one or more of the Series One Bonds, Series Two Bonds and Additional Bonds, provided that unless specifically otherwise indicated, .such term shall not include the Series 1983-A Bonds. "Bond Counsel" means an attorney or firm of attorneys experi- enced in the field of municipal bonds whose opinions are generally accepted by purchasers of municipal bonds selected or employed by the Issuer and to whom the Trustee makes no reasonable objection. "Bond Legislation" means Ordinance 8-83, passed by the Legis- lative Authority on February 26, 1983, comprising a part of the Original Indenture. "Bond Reserve Requirement" or "Reserve Requirement" means an amount equal to the maximum Bond Service Charges required to be paid in any subsequent calendar year, subject to any change in the amount of the -3-