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<br />including the Trustee or any of its affiliates, <br />organized under the laws of the United States of <br />America or any state thereof, which have combined <br />capital and earned and unearned surplus of at least <br />$25,000,000 in dollars of the United States of <br />America; (ix) commercial paper (including that of an <br />affiliate of the Trustee) or finance company paper <br />which is rated not less than prime-one or A-1 or their <br />equivalents by Moody's Investors Service, Inc., or <br />Standard & Poor's Corporation, respectively, or their <br />successors, or both, if rated by both; (x) obligations, <br />of any state of the United States of America or of any <br />political subdivision or other instrumentality of any <br />such state, which are rated at least "A" or its <br />equivalent by eitner Moody's Investors Service, Inc., <br />or Standard & Poor's Corporation, or their successors, <br />or both, if rated by both; (xi) passbook savings <br />accounts,including those of the Trustee or any of its <br />affiliates; or (xii) interests in any money market <br />funds investing exclusively in obligations identified <br />in clauses (i) through (x) hereof, including those of <br />the Trustee or any of its affiliates. <br />"Event of Taxability" means the occurrence of . <br />circumstances which a Determination*of Taxability <br />shall have found to have occurred, or which shall <br />constitute a Determination of Taxability, and which <br />results in the interest payable on the Bonds becoming <br />includable in the gross income for Federal income tax <br />purposes of any Holder (other than a Holder who is a <br />Substantial User of the Project or a Related Person), <br />such occurrence of circumstances relating to a <br />specific point in time. <br />"Executive" means the Mayor of the Issuer. <br />"Fiscal Officer" means the Director of Finance of the <br />Issuer. <br />"Guarantor" means Adon Equipment Co., Inc., an Ohio <br />corporation, its successors and assigns. <br />"Guaranty Agreement" means the Guaranty Agreement <br />dated as of November 1, 1985 executed by the Guarantor <br />and accepted by the Trustee, and any permitted <br />amendments or supplements thereto. <br />"Indenture" means the Trust Indenture dated as of <br />November l, 1985, between the Issuer and the Trustee, <br />including this Bond Legislation as a part thereof, and <br />any permitted amendments or supplements thereto. <br />-4-