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92-046 Ordinance
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92-046 Ordinance
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1/20/2014 12:16:36 PM
Creation date
1/17/2014 7:39:53 AM
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North Olmsted Legislation
Legislation Number
92-046
Year
1992
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<br />"Person" or words importing persons mean firms, associations, partnerships <br />(including without limitation, general and limited partnerships), joint ventures, sociedes, estates, <br />trusts, corporations, public or governmental bodies, other legal entities and natural persons. <br />"Prior Issue" means the $2,500,000 City of North Olmsted, Ohio Industrial <br />Development First Mortgage Revenue Note (Fairview Enterprises, Inc. Project) dated <br />December 22, 1983. <br />"Prior Loan Agreement" means the Loan Agreement dated December 22, 1983 <br />between the City of North Olmsted, Ohio and Fairview West Partners, Ltd. <br />"Project" means, collectively, the Project Site and Project Facilides, each as <br />defined in the Agreement, and together consdtuting a"project" as defined in the Act. <br />"Project Fund" means the Project Fund created in Section 5.01 of the Indenture. <br />"Project Purpose" means any and all purposes permitted by the Act with respect <br />to a medical office building, including without limitadon acquiring, constructing, improving and <br />equipping a commercial facility together with related and incidental uses, or such subsequent <br />purpose or purposes as may subsequently be approved by the Issuer. <br />"Purchase Agreement" means, as to the Series 1992 Bonds, the Bond Purchase <br />Agreement among the Issuer, the Borrower and the Original Purchaser. <br />"Revenues" means (a) the Loan Payments, (b) all other moneys received or to be <br />received by the Issuer or the Trustee in respect of repayment of the Loan, including without <br />limitation, all moneys and investments in the Bond Fund and in the Project Fund, OM (c) <"> <br />all income and profit from the investment of the foregoing moneys. The term "Revenues" dces <br />not include any money or investments in the Rebate V##*:?? ??OWFund. <br />"Series 1992 Bonds" means the $1,990,000 Industrial Development Refunding <br />Revenue Bonds, Series 1992 (Health Cleveland Enterprises, Inc. Project) of the Issuer and any <br />Additional Bonds. I <br />"Series 1992 Note" means the nonnegotiable promissory note of the Borrower9 <br />dated as of even date with the Series 1992 Bonds, in the form attached to the Agreement as <br />Exhibit A and in the principal amount of $1,990,000, evidencing the obligation of the Borrower <br />to make Loan Payments. <br />"State" means the State of Ohio. <br />"Supplemental Indenture" means any indenture supplemental to the Indenture <br />entered into between the Issuer and the Trustee in accordance with Article VIII of the Indenture. <br />-4-
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