85-019 Ordinance - Laserfiche WebLink

Home Browse Search

direction, consent, approval, order, waiver, acceptance, appointment or other instrument or communication under or pursuant to this Indenture, Bonds owned by or for the account of the Borrower or the Guarantor shall be disregarded and deemed to be not outstanding. "Payment in Full of the Bonds" means the first date when the Bonds are no longer deemed to be outstanding pursuant to Section 8.02 of the Indenture. "Person" means natural persons, firms, associations, corporations and public bodies. "Pledged Receipts" means (a) the Note Payments, (b) subject to the provisions of Sections 3.04, 4.02 and 8.02 of the Indenture with respect to the Trustee holding moneys for the benefit of any Bondholder, all other moneys received by the Issuer, or the Trustee for the account of the Issuer, in respect of the Agreement or the Project, except certain expense, reimbursement and indemnity payments which are, pursuant to the provisions of the Agreement, to be made by the Borrower directly to the Issuer or the Trustee, (c) any moneys on deposit in the Construction Fund, the Bond Fund or the Reserve Fund, and (d) the income and profit from the investment of any moneys while held in the Construction Fund, the Bond Fund or the Reserve Fund, "P,r_o. ect" means the Project Site and the real, personal, or real and personal property, including undivided interests or other interests therein, identified in Exhibit A to the Agreement, or constructed, installed or equipped as a replacement or substitution theref or or an addition thereto, or as may result from a revision of the plans and specifications therefor in accordance with the provisions of the Loan Agreement or Mortgage. "Project Site" means the real estate and interests in real estate constituting the site of and part of the Project, as described in Exhibit B to the Agreement. "Rebate Fund" means the Rebate Fund created in Section 8 (b) hereof, "Recipient" means each person who is considered to be the recipient of interest on the Bonds for any period, under the Internal Revenue Code of 1954, as amended, or any applicable state or local taxing statutes, ordinances, rules or regulations. "Reserve F und" means the Reserve Fund created in Section 8 (a) hereof, "Reserve Fund Payments" means the amount payable by the Borrower to the Trustee, as determined by Section 4.1(d) of the Loan Agreement, which amount shall be deposited in the Reserve F und. "State" means the State of Ohio. "Taxable Rate of Interest" means the Interest Rate for Advances. "Trustee" means the Trustee at the time acting as such under the Indenture, originally The Fifth Third Bank, as Trustee, and any successor Trustee as determined or designated under or pursuant to the Indenture. - 5 -