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

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replacement of, or a modification or improvement to, any property described in (i) above, pursuant to the provisions of Section 4.4 of the Loan Agreement. "Project Costs" shall have the meaning ascribed to such term in the Loan Agreement. "Project Site" means the real estate described in EXHIBIT A of the Loan Agreement, on which the Project Building is situated, which real estate will be owned by the Company, less any interests in real property, easements, licenses, rights of way or similar rights and privileges as may be taken by the exercise of the power of eminent domain. "Rebate Analyst" means the "Rebate Analyst" as defined in Section 5.22 of this Indenture. "Rebate Fund" means the fund created pursuant to Section 5.22 of this Indenture. "Registered Owner" means the person or persons in whose name or names a Bond shall be registered on the books of the Issuer kept for that purpose in accordance with provisions of the Indenture. "Regular Record Date" means, with respect to the Bonds, the 15th day of the calendar month preceding an Interest Payment Date. "Reserve Fund" means the fund created pursuant to Section 5.10 of this Indenture. "Reserve Fund Requirement" means $ with respect to the Series 2013 Bonds and, with respect to any Additional Bonds, the least of: (a) 10% of the original issue price of the Bonds; (b) the maximum annual debt service in any Bond Year on the Bonds (excluding amounts in the final maturity of the Bonds to be paid from the application of the Reserve Fund); or (c) 125% of the average annual debt service on the Bonds. "Revenue Fund" means the fund created pursuant to Section 5.02 of this Indenture. "School" means PACT Charter School, a Minnesota nonprofit corporation, formed as a public (charter) school pursuant to Minnesota Statutes, Section 124D.10. "Schoolhouse" means the approximately 72,000 square foot public elementary and secondary schoolhouse located at 7250 Ramsey Parkway East Northwest in the City. "School Representative" means the person or persons at the time designated to act on behalf of the School by written certificate famished to the Issuer and the Trustee containing the specimen signatures of such person or persons and signed on behalf of the School by its President. Such certificate may designate an alternate or alternates. "Security Agreements" means, collectively, the Loan Agreement, Lease, Mortgage, Disbursing Agreement. the Account Control Agreement, and Pledge Agreement. "Series A Bonds" means the Lease Revenue Refunding Bonds (PACT Charter School Project) Series 2013A, issued by the Issuer in the principal amount of $ and issued under and secured by this Indenture. "Series B Bonds" means the Taxable Lease Revenue Refunding Bonds (PACT Charter School Project) Series 2013B, issued by the Issuer in the principal amount of $ and issued under and secured by this Indenture. 9 56Q0797v l