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_ _. ~ ..~.~... ....e.a1, . <br />8 <br />"Project Note" means the promissory note of the <br />Company, dated as of the same date as the Project Bonds, in the <br />form attached to the Agreement as Exhibit A and in the <br />principal amount of $545,000 evidencing the obligation of the <br />Company to make Loan Payments. <br />"Project Purposes" means acquiring, constructing, <br />equipping and improving real and personal property comprising a <br />commercial facility to be used for the training and education <br />of students for various business career programs including <br />managerial, technical, clerical, secretarial, and such related <br />or subsequent uses and other commercial purposes as are <br />permitted by the Agreement and are consistent with the Act. <br />"Purchase Agreement" means as to the Project Bonds the <br />Bond Purchase Agreement among the Issuer, the Company and the <br />Original Purchaser providing for the original issuance of the <br />Project Bonds. <br />"Purchase Price" means a price equal to 100$ of the <br />principal amount of any Project Bonds tendered for purchase <br />pursuant to Section 4.07 of the Indenture plus (in the event <br />that the Purchase Date is not an Interest Payment Date) accrued <br />interest to the Purchase Date. <br />"Rebate Fund" means the Rebate Fund created in Section <br />5.10 of the Indenture. <br />"Refund" and "Refunding" shall mean all steps <br />necessary to redeem the Old Bond and discharge the Old Note <br />pursuant to Section 165.07(D) of the Act from the proceeds of <br />