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<br />in the manufacture and distribution of faced fiberglass <br />insulation materials and related products as are permitted by the <br />Loan Agreement and the Act. <br />"Registrar" means, as to the Project Bonds, the Trustee <br />until a successor Registrar shall have been appointed pursuant to <br />the provisions of the Indenture, and as to any series of <br />Additional Bonds, the person designated as such by or pursuant to <br />the applicable Bond Legislation or Supplemental Indenture. <br />"Remarketing Agent" means Meuse, Rinker, Chapman, Endres & <br />Brooks, or its successors appointed in accordance with Sections <br />6.17 and 6.18 of the Indenture. <br />"Revenues" means (a) the Loan Payments, (b) all of the <br />moneys received or to be received by the Issuer or the Trustee in <br />respect of repayment of the Loan (c) all moneys and investments <br />in the Bond Fund, including without limitation moneys received by <br />the Trustee under or pursuant to the Letter of Credit, (d) any <br />moneys and investments in the Project Fund, and (e) all income <br />and profit from the investment of the foregoing moneys. <br />"Security Agreement" means the Security Agreement dated as <br />of December 1, 1989, granted by the Borrower to the Letter of <br />Credit Bank and granting a security interest in the personal <br />property described therein, as or supplemented. <br />"Six Month Interest Rate" means (a) the rate of interest per <br />annum determined by the Remarketing Agent, on the Interest Rate <br />Determination Date immediately preceding the applicable Interest <br />Rate Adjustment Date, to be the interest rate necessary, during <br />the Interest Rate Period commencing on the applicable Interest <br />Rate Adjustment Date and ending on the January 31 or July 31 <br />nearest to but not later than the date which is six months from <br />the Interest Rate Adjustment Date, in the judgment of the <br />Remarketing Agent (taking into consideration current transactions <br />and comparable securities with which the Remarketing Agent is <br />involved or of which it is aware and prevailing financial market <br />conditions) to produce as nearly as practical a par bid for the <br />Project Bonds on the Interest Rate Determination Date or (b) in <br />the event that the Remarketing Agent has been removed or has <br />resigned and no successor has been appointed, or the Remarketing <br />Agent has failed to determine the Six Month Interest Rate for <br />whatever reason, or the Six Month Interest Rate cannot be <br />determined pursuant to clause (a) for whatever reason, the <br />interest rate then in effect with respect to the Project Bonds, <br />without adjustment; provided that in no event shall the Six Month <br />Interest Rate exceed 12~ per annum. <br />"Supplemental Indenture" means any indenture supplemental to <br />the Indenture entered into between the Issuer and the Trustee in <br />accordance with Article VIII of the Indenture. <br />"State" means the State of Ohio. <br />- 8 - <br />