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87-135 Ordinance
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87-135 Ordinance
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1/11/2014 12:52:09 PM
Creation date
1/7/2014 4:11:54 AM
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North Olmsted Legislation
Legislation Number
87-135
Legislation Date
12/16/1987
Year
1987
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.... ~ <br />.~ <br />7 <br />"Notes" means the Project Note and any Additional <br />Notes. <br />"Old Bond" means the Issuer's $590,000 City of North <br />Olmsted, Ohio Industrial Development First Mortgage Revenue <br />Bonds (Bryant & Stratton Project). <br />"Old Note" means the promissory note of the Company <br />dated as of December 15, 1980 to the Issuer in the original <br />principal amount of $590,000. <br />"Original Purchaser" means, as to the Project Bonds, <br />the Person or Persons identified as the purchaser or purchasers <br />in the Purchase Agreement. <br />"Person" or words importing persons mean firms, <br />associations, partnerships (including without limitation, <br />general and limited partnerships), joint ventures, societies, <br />estates, trusts, corporations, public or governmental bodies, <br />other legal entities and natural persons. <br />"Project" means, collectively, the real estate at the <br />time comprising the Project Site, and the real and personal <br />property at the time comprising the Project Facilities, each as <br />defined in the Agreement, together comprising a commercial <br />facility. <br />"Project Bonds" means the $545,000 Variable Rate <br />Demand Industrial Development Revenue Refunding Bonds (Bryant & <br />Stratton Project) of the Issuer authorized in Section 3 hereof <br />and Section 2.02 of the Indenture. <br />"Project Fund" means the Project Fund created in <br />Section 5.01 of the Indenture. <br /> <br />
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