Agenda - Council - 08/13/2013 - Laserfiche WebLink

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APPENDIX E DEFINITIONS OF CERTAIN TERMS, SUMMARIES OF DOCUMENTS DEFINITIONS The following words and phrases have the following meanings: "Account Control Agreement" means the Account Control Agreement, dated as of 1, 2013 among the Trustee, the School, and Sunrise Banks, Ramsey, Minnesota; "Act" means the Municipal Industrial Development Act, Minnesota Statutes, Sections 469.152 through 469.1655, as amended. "Additional Bonds" means any additional bonds issued and secured on a parity with the Bonds in accordance with the Indenture. "Adjusted Pledged Revenues" means all funds, money, grants, or other distributions received by the School from the State of Minnesota with respect to general student funding, state Building Lease Aid payments, state distributions of federal Title I funds, or any other funding sources, after deduction of all such operating expenses of the School (including the current expenses for staff and administrative salaries and benefits) required under State or federal laws to provide required educational program expenditures, pledged pursuant to the PIedge Agreement. "Assignment of Lease" means the Assignment of Lease, dated as of 1, 2013, from the Company in favor of the Trustee. "Bond Counsel" means Briggs and Morgan, Professional Association, , or any other firm of nationally recognized bond counsel acceptable to the Trustee, the Issuer, and the Company. "Bond Fund" means the fund established under the Indenture. "Bond Purchase Agreement" means the Bond Purchase Agreement by and among the Original Purchaser, the Issuer, the Company and the School. "Bond Registrar" means the Trustee in its capacity as registrar of the Bonds. "Bonds" means the Series 2013A Bonds, Series 2013E Bonds and any Additional Bonds. "Bond Year" means the one-year period beginning on each I and ending on the last day of each subsequent May, except that the first Bond Year shall begin on the date of issuance of the Bonds and end on , 2014. "Business Day" means a day on which banking business is transacted in the city in which the Trustee has its designated corporate trust office. "City" means the City of Ramsey, Minnesota. E-S