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

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"Lease Aid" means amounts received by the School from the State pursuant to Minnesota Statutes, Section 124D. ! 1, subdivision 4, to fund payments due under the Lease, or any replacement therefor pursuant to a successor statute. "Lease Revenues" means the revenues to be received by the Company from the School pursuant to the Lease. I"Line of Credit" means the revolving line of credit in the amount of up to $600,000 between the School and the Line of Credit Lender. "Line of Credit Lender" means Wells Fargo Bank, National Association, a national banking association.] "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" shall mean the payments required to be made by the Company pursuant to Section 4.2(a) of the Loan Agreement. "Majority Bondholder" shall mean any beneficial owner of or owners who together own greater than 50% of the aggregate Outstanding principal amount of the Bonds. "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 shall be dissolved or liquidated or shall no longer perform the functions of a securities rating agency, "Moody's" shall 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. "Original Purchaser" means Dougherty & Company LLC, as the underwriter ofthe Bonds. "Outstanding" means Bonds which have been authenticated and delivered by the Trustee under the Indenture, except - (a) Bonds canceled after purchase in the open market or because of payment at or redemption prior to maturity; (b) Bonds for the payment or redemption of which cash funds or noncallablc Governmental Obligations shall have been theretofore deposited with the Trustee in accordance with Article VIII ofthe Indenture; and (c) Bonds in lieu of which others have been authenticated under Sections 2.07, 2.08, or 3.05 of this Indenture. "Payment Date" means I of each year, commencing 1, 2014. "Permitted Encumbrances" means, as of any particular time, "permitted encumbrances" as defined in the Mortgage. 6 5600797v 1