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86-064 Ordinance
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86-064 Ordinance
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Last modified
1/11/2014 12:50:43 PM
Creation date
1/7/2014 10:56:38 AM
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North Olmsted Legislation
Legislation Number
86-064
Legislation Date
7/15/1986
Year
1986
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<br /> <br />the context or use clearly indicates another or difterent <br />meaning or intent. Those words and terms not expressly aetinea <br />herein and used herein with initial capitalization where rules <br />ot qrammar do not otherwise require capitalization shall have <br />the meanings assigned to them in the Aqreement, as hereinafter <br />detined. <br />"Act" means Chapter 165 of the Ohio Revised Code, as <br />enacted and amended pursuant to Section 13 of Article <br />VIII and other provisions of the Ohio Constitution. <br />"Acquisition Sub-Account" means the Acquisition Sub- <br />Account within the Project Fund created by Section 7 <br />hereot. <br />"Aqreement" or "Loan Aqreement" means the Loan <br />Agreement dated as of July 1, 1986 amonq the Issuer <br />and the Borrowers, and any permitted amenctments or <br />supplements thereto. <br />"Assignment of Rents" means the Assiqnment of Rents <br />and Leases dated as ot July l, 1986, whereby the <br />Borrowers assign any Project leases to the Trustee, <br />and any permitted amendments or supplements thereto. <br />"Bill" means H.R. 3838, the Tax Retorm Act of 1985, as <br />adopted by tne House of Representatives on <br />December 17, 1985, ana any successor legislation <br />approved by the United States Senate or a Conference <br />Committee of both houses of Conqress. <br />"Bonds" means the Bonds authorized in Section 3 hereof. <br />"i3ond Counsel" means nationally recoqnized bond <br />counsel experienced in the field of municipal finance. <br />"Bond Fund" means the Bond principal, premium and <br />interest fund created by Section 8 hereof. <br />"Bondholder", "Holder" or "holder" means any person in <br />whose name a Bond is registered. <br />"Bond Legislation" means this ordinance. <br />"Bond Purchase Agreement" means the Bond Purchase <br />Aqreement dated as of July l, 1986 amonq the Issuer, <br />the Trustee, the Borrowers and the Oriqinal Purchaser, <br />and any permitted amendments or supplements thereto. <br />"Bond Service Charges" for any time period means the <br />principal, including any amortization or redemption <br />requirements, interest, and redemption premium, if <br />any, required to be paid by the Issuer on the Bonds <br />-2-
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