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<br />"Inducement Date" means October l, 1985. <br />"Interest Payment Date" or "interest payment date" <br />means, with respect to the Note, the first day of each <br />calendar month commencing January l, 1986 and, with <br />respect to the Bonds, the first day of each January <br />and July, commencing July l, 1986 and continuing <br />semiannually thereafter. <br />"Interest Rate for Advances" means 20% per annum, <br />provided that in no event shall the Interest Rate for <br />Advances exceed the amount permitted by law. <br />"fssuing Authority" means tne Council of the Issuer. <br />"Lease" means the Lease dated as of November 1, 1985, <br />among the Borrowers, as lessors, and Adon Equipment <br />Co., Inc., an Ohio corporation, as lessee, and any <br />permitted amendments or supplements thereto. <br />"Mortgage" means the Open-End Mortgage and Security <br />Agreement dated as of November 1, 1985, whereby the <br />Borrowers grant to the Trustee, as security for <br />payment of the Note and the Bonds, a mortgage on and <br />security interest in the Project and the Project Site, <br />and any permitted amendments or supplements thereto. <br />"Note" means the Promissory Note, in the form attached <br />as Exhibit C to the Loan Agreement, issued by tne <br />Borrowers to the Issuer concurrent with the delivery <br />of the Loan Agreement. <br />"Note Payments" means any and all payments of principal <br />of and interest and prepayment premiums on the Note. <br />"Original Purchaser" means Queen City Indemnity <br />Company, an Ohio corporation. <br />"Outstanding Bonds" or "Bonds outstanding" or <br />"outstanding" as applied to the Bonds, means, as of <br />any date, any Bond which has been authenticated and <br />delivered, or is then being delivered, by the Trustee <br />under the Indenture except: <br />(a) Any Bond surrendered and replaced upon excnange <br />or transfer, or cancelled because of payment or redemp- <br />tion, at or prior to such ciate; <br />(b) Any Bond for the payment, redemption or purchase <br />for cancellation of which sufficient moneys have been <br />deposited prior to such date with the Trustee (whether <br />upon or prior to the maturity or redemption date of <br />any such Bonds), or which is deemed to have been paid <br />-5-