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? <br />? <br />"Interest Rate Eor Advances" rne,;izs the interest rate ot <br />seventeen percent (170) per annu,ria <br />"Issuer" zrteans the City of Nort.i Olmsted, Ohio, a rnuriicioaJ. <br />corporation duly organizc-d dnd existing under the ConsLitutio:i <br />and laws oE the State. <br />"Late Charge" iTieans an amount pal aole on and not to exceed <br />five percent (5%) of any installan:?nt of principal c,r interest on <br />the Project Bonc7 paid to ar.d accept.ecl by the Holc3v?,-: than <br />fifteen (15) days atter the due date of siicri installment. <br />"Leyal OfFicer" means the Law Director o_E the Issuer. <br />"I.egis;.ntive Authority" r-,ean:-, the 1-.ity Council of the <br />issuor. <br />"Loar:" means the Toan by the Is,;uer to the Company of the <br />1-rr.oceeds from the sale of the Project Bond> <br />"Loan Payments" means the amouzits required to be paid by <br />the Company in repayment of the Loarl pursaant to the provisions <br />of Section 4.1 of the Agreemei;t. <br />"MorLyage" means the Open-E.z.? Mortyage and Serurity <br />L?;qree,nent, dateci as of Dece;nber 15, 1980, exe:.uted and delivcred <br />by the Company to the I-ioldzz, as the sai,le rnay be dul.y amend^d, <br />Tr:c7di; :ied or supplemented from tir; v to time in accorda.nce with <br />the provisions thereof. <br />"Note" means the promissory note dated as of December 15, <br />1980 from the Company to the Issuer evidencing the Cortpany°s <br />obligatzan to repay the Loan ana to puy all amounts due with <br />respect to the Project Bond. <br />"Originai Purchaser" mean5 TRAiVSOHIO Savings Associaticn, <br />Cleveland, nhio, as the purchaser of the Project Bond. <br />"Pledqed Receipts" means (a) the T,odn Payments, (b) all <br />other moneys received by the Issuer, or by the Holder for the <br />dCr_pl)i"lt of the Issuer, in resp2ct of repayment of the Loan, (c) <br />undisburseci mar.eys in the Conatructiori Fund derived from the <br />sa:ie of the Project Bond, (d) subject to Sections 5.2 and 5.3 of <br />the Miortgaye provic3ing for payment of certain amounts therefro,li <br />to the Company, undisbursed mor.eys in the Insuranc:e Account and <br />the Condemr.ation 1?ccourlt and (e) all inco;rie and profit from the <br />i.nvestrnenT. of the Loan Payments and such other moneys. <br />"Project" meanU, collectivoly, (a) the .rea1 estate at the <br />t1P,te CUTIstltl1t 1Cl j tr1E? "ProjPcV: Sit? r" aS d°f ined 1T1 tYi2 <br />4