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.? <br /> <br />"Interest Period(s)" means the period of time from the date of <br />delivery of the Project Note to the Original Purchaser to March 14, <br />1989, and each of the following periods: <br />March 15, 1989 to March 14, 1994 <br />March 15, 1994 to March 14, 1999 <br />March 15, 1999 to maturity <br />"Interest Rate" means for the first Interest Period eight and <br />three quarters percent (8 3/4X) per annum, which rate shall be adjusted <br />in subsequent Interest Periods in the manner set forth in Section 3 <br />hereof. <br />"Issuer" means the City of North Olmsted, Ohio, a municipal <br />corporation and political subdivision in and of the State. <br />"Lease" means the lease between the Owner and the Lessee whereby <br />the Owner leases the Project to the Lessee. <br />"Lease Assignment" means the instrument entitled "Assignment of <br />Lessor's Interest in Lease" by which the Owner collaterally assigns its <br />right, title and interest in the Lease to the Mortgagee, as such Lease <br />Assignment may be amended in accordance with the provisions thereof. <br />"Legal Officer" means the Law Director or Assistant Law Director <br />of the Issuer. <br />"Legislative Authority" means the City Council of the Issuer. <br />"Lessee" means Fairview Realty Management Company, an Ohio corpo- <br />ration, and its lawful successors and assigns. <br />"Loan" means the loan by the Issuer to the Owner of the proceeds <br />from the sale of the Notes to the Original Purchaser. <br />5