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83-152 Ordinance
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83-152 Ordinance
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1/11/2014 12:36:21 PM
Creation date
12/26/2013 9:40:45 AM
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North Olmsted Legislation
Legislation Number
83-152
Legislation Date
12/20/1983
Year
1983
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<br />providing for the issuance of such Additional Notes, as the same may be <br />amended. <br />"Note Payment" for any time period means the principal, interest <br />and premium if any, required to be paid by the Issuer on the Notes for <br />such time period. <br />"Optional Prepayment Date(s)" means, as to the Project Note, March <br />15 in the years 1989, 1994 and 1999, and as to Additional Notes, the <br />date or dates identified as such in the Note Legislation authorizing <br />such Additional Notes. <br />"Original Purchaser" means, as to the Project Note, Society <br />National Bank, Cleveland, Ohio, and as to Additional Notes, the person <br />or persons identified as such in the Note Legislation providing for the <br />issuance of such Additional Notes. <br />"Owner" means Fairview West Partners, Ltd., an Ohio limited part- <br />nership, its successors and assigns. <br />"Owner's Note" means the promissory note, dated of even date with <br />the Project Note, given by the Owner to the Mortgagee to evidence the <br />Owner's obligations to make Loan Payments under the Agreement. <br />"Payment Date(s)" means, as to the Project Note, the fifteenth day <br />of each month beginning February 15, 1984 and continuing until the <br />Project Note is paid in full and, as to Additional Notes, the date or <br />dates identified as such in the Note Legislation authorizing the issu- <br />ance of such Additional Notes. <br />"Pledged Receipts" means (a) the Loan Payments, (b) subject to the <br />provisions of Section 10.2 of the Loan Agreement with respect to the <br />Mortgagee holding moneys for the benefit of the Holders of particular <br />7
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