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83-152 Ordinance
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83-152 Ordinance
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Last modified
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 />Notes, all other moneys received by the Issuer, or the Mortgagee for the <br />account of the Issuer, in respect of the Loan, (c) the Note Fund and (d) <br />the Construction Fund. <br />"Prime Rate" means the rate of interest as established and an- <br />nounced by Society National Bank from time to time as its "prime rate". <br />"Project" means the personal and real and personal property, <br />including undivided or other interests therein, identified in Exhibit A <br />to the Agreement, in or pursuant to any amendments to the Agreement, and <br />in the certificate of the Pro3ect Supervisor given pursuant to Section <br />3.3 of the Agreement, and acquired, constructed, furnished, equipped or <br />installed to replace, alter or improve the Project (including to sub- <br />stitute or add other property), all of which is to be used for the <br />Pro3ect Purposes. <br />"Project Note" means the Project Note authorized in Section 3 <br />hereof and designated "Industrial Development First Mortgage Revenue <br />Note (Fairview Enterprises, Inc. Project)" and any note issued in sub- <br />stitution for the Project Note, each of which constitutes a"bond" <br />within the meaning of the Act. <br />"Project Purpose" means any and all purposes permitted by the Act <br />including without limitation acquiring, constructing, improving, and <br />equipping a commercial facility to be used as a medical office building, <br />together with related and incidental uses, and such purpose or purposes <br />as may subsequently be approved by the Issuer. <br />"Project Site" as to the Project means the parcel of real estate <br />within the Issuer's boundaries, the legal description of which is set <br />8
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