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<br />4 <br />"Agreement" means the Loan Agreement, dated as of the <br />same date as the Indenture, between the Issuer and the Company, <br />as amended or supplemented from time to time. <br />"Applicable Rate" means that rate which is equal to <br />75~ of the Base Lending Rate; provided that if the Remarketing <br />Agent is unable to remarket any Project Bond tendered for <br />purchase pursuant to Section 4.07 of the Indenture at the <br />Purchase Price at such percentage, all outstanding Project <br />Bonds shall bear interest at an adjusted percentage of the Base <br />Lending Rate determined by the Remarketing Agent pursuant to <br />Section 4.08 (a) of the Indenture and provided further that the <br />percentage of the Base Lending Rate may also be adjusted by the <br />Remarketing Agent on the first business day of each April and <br />October, commencing October 1, 1988, or as otherwise provided <br />in Section 4.08 (b) of the Indenture and the resulting interest <br />rate shall not be greater than sixteen percent (16~) per annum. <br />"Base Lending Rate" means, as of any date of <br />determination, that rate of interest per annum which AmeriTrust <br />Company National Association announces from time to time as its <br />"base lending rate"; AmeriTrust Company National Association <br />charges interest at rates at, above or below the Base Lending <br />Rate. <br />"Bond Fund" means the Bond Fund created in Section <br />5.04 of the Indenture. <br />"Bond Legislation" means (a) when used with reference <br />to the Project Bonds, this Ordinance providing for their <br />_ ~.~y,~r.,~.,~,~.,..... x,...._ _ ._ <br />