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85-128 Ordinance
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85-128 Ordinance
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1/11/2014 12:48:00 PM
Creation date
1/9/2014 3:05:18 AM
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North Olmsted Legislation
Legislation Number
85-128
Legislation Date
11/19/1985
Year
1985
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<br />"Project" means the Project Site and the real, <br />personal, or real and personal property, including <br />undivided interests or other interests therein, <br />identified in Exhibit A to the Agreement and Section 2 <br />hereof, or acquired, constructed, installed or <br />equipped as a replacement or substitution therefor or <br />an addition thereto, or as may result from a revision <br />thereof in accordance with the provisions of the Loan <br />Agreement or the Mortgage. <br />"Project Fund" means the fund created by Section 7 <br />hereof. <br />"Project Site" means the real estate and interests in <br />real estate constituting the site of and part of the <br />Project, as described in Exhibit B to the Agreement. <br />"Rebate Fund" means the Rebate Fund created in Section <br />8 (b) hereof. <br />"registered Bonds" or "fully registered Bonds" means <br />Bonds registered in the name of the holder as to both <br />principal and interest. <br />"Related Person" means, when used with reference to <br />the Borrowers, a Principal User or any Substantial <br />User, a related person within the meaning of Section <br />103(b) of the Code. <br />"Reserve Fund" means the Reserve Fund created in <br />Section 8(a) hereof. <br />"Reserve Fund Payments" means the amounts payable by <br />the Borrowers to the Trustee, as determined by Section <br />4.1(d) of the Loan Agreement, which amounts shall be <br />deposited in the Reserve Fund. <br />"State" means the State of Ohio. <br />"Substantial User" means, with respect to facilities <br />within the meaninq of Section 103(b)(6)(E) of the <br />Code, a substantial user within the meaning of Section <br />103 (b) of the Code. <br />"Taxable Rate of Interest" means the Interest Rate for <br />Advances. <br />"Trustee" means the Trustee at the time acting as such <br />under the Indenture, originally The Fifth Third Bank, <br />as Trustee, and any successor Trustee as determined or <br />designated under or pursuant to the Indenture. <br />-7-
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