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

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"Interest Payment Date" means 1, 2013. 1 and 1 of each year, commencing "Issuer" means the PCS Building Company, a public body corporate and politic of the State, and any successor. "Issuer Representative" means the Executive Director of the Issuer, and any other person or persons at the time designated to act on behalf of the Issuer by written certificate furnished to the Company and the Trustee containing the specimen signatures of such person or persons and signed on behalf of the Issuer by its duly authorized agent. Such certificate may designate an alternate or alternates. "Lease" means the Lease Agreement, dated as of 1, 2013, by and between the Company, as lessor, and the School, as lessee, and any amendment thereto. "Lease Aid" or "Building Lease Aid" means amounts received by the School from the State pursuant to Minnesota Statutes, Section 124D.11, subdivision 4, to fund payments due under the Lease, or any replacement therefor pursuant to a successor statute. "Lease Payments" means all payments due from the School, as lessee, to the Company, as lessor, pursuant to the Lease. "Lease Revenues" means the revenues to be received by the Company from the School pursuant to the Lease. "Loan Agreement" means the Loan Agreement, dated as of 1, 2013, between the Issuer and the Company, and any amendments and supplements thereto. "Loan Repayments" means the payments required to be made by the Company pursuant to the loan repayments section of the Loan Agreement. "Majority Bondholder" means the beneficial owner of or owners who together own greater than 50% of the aggregate Outstanding principal amount of the Bonds. "Monthly Deposit" means $6,250 per month from July 20, 2013 through , 2014 and $3,333.33 per month thereafter. "Moody's" means Moody's Investors Service, a corporation organized and existing under the laws of the State of New York, its successors and assigns and, if such corporation is dissolved or liquidated or can no longer perform the functions of a securities rating agency, "Moody's" is be deemed to refer to any other nationally recognized securities rating agency designated by the Company by notice to the Trustee. "Mortgage" means the Amended and Restated Mortgage, Security Agreement and Assignment of Rents, dated as of 1, 2013, from the Company in favor of the Trustee, and all amendments thereof and supplements thereto. "Mortgaged Property" means all real estate, buildings, equipment and other interests as more particularly described in subsections (a) through (g), inclusive, of Section 2.1 of the Mortgage, including the real estate described in EXHIBIT A thereto. E-8