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86-064 Ordinance
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86-064 Ordinance
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1/11/2014 12:50:43 PM
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North Olmsted Legislation
Legislation Number
86-064
Legislation Date
7/15/1986
Year
1986
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<br />"Note Payments" means any and all payments of principal <br />of and interest and prepayment premiums on the Note. <br />"Original Purcnaser" means The Cincinnati Insurance <br />Company, an Ohio corporation. <br />"Outstanding Bonds" or "Bonds outstandinq" or <br />"outstanaing" as applied to the Bonds, means, as ot <br />any date, any Bond which has been authenticated and <br />delivered, or is then beinq delivered, by the Trustee <br />under the Indenture except: <br />(a) Any Bond surrendered and replaced upon <br />exchange or transter, or cancelled because of payment <br />or redemption, at or prior to such date; <br />(b) Any Bond for the payment, redemption or <br />purcnase tor cancellation of which sutficient moneys <br />have been deposited prior to such date with the <br />Trustee (whether upon or prior to the maturity or <br />redemption date ot any such Bonds), or which is cleemed <br />to have been paid and discharged pursuant to the <br />provisions of Section 8.02 of the Indenture; provided <br />that if such Bond is to be redeemed prior to the <br />maturity date thereot, notice of such redemption shall <br />have been given or arranqements satisfactory to the <br />Trustee shall have been made therefor, or waiver of <br />sucn notice satisfactory in form to the Trustee shall <br />have been riled with the Trustee; and <br />(c) Any Bond in lieu of which another has been <br />authenticated (or payment, when due, of which is made <br />without replacement) under Section 2.04 of the <br />Indenture; <br />and also except that <br />(d) For the purpose of aetermining whether the <br />holders of the requisite principal amount of Bonds <br />have made or concurred in any notice, request, demand, <br />direction, consent, approval, order, waiver, accep- <br />tance, appointment or other instrument or communi- <br />cation under or pursuant to this Indenture, Bonds <br />owned by or for the account of the Borrowers or the <br />Guarantor shall be disregarded and deemed to be not <br />outstanding. <br />"Payment in Full of the Bonds" means the first date <br />when there is no lonqer any Bond deemed to be <br />outstandinq pursuant to Section 8.02 of the Indenture. <br />" erson" means natural persons, firms, associations, <br />partnersnips, corporations and public boaies. <br />-6-
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