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

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interest. "Special Record Date" means that date specified by the Trustee for the payment of any defaulted "State" means the State of Minnesota. "Subordinate Loans" means [the Line of Credit, the Bus Loan, and] any permitted additional Indebtedness of the Company or the School payment of which is expressly made subordinate to the payment of the Bonds and any Additional Bonds. "Sweep Account" means the State Aid Revenues Account established and maintained pursuant to the Pledge Agreement by the School at [Wells Fargo Bank, National Association] and of which the Trustee has control pursuant to the Account. Control Agreement. "Tax -Exempt Bonds" means the Series 2013A Bonds and any Additional Bonds the interest on which is intended to be excluded from gross income for federal income tax purposes. "Tax Regulatory Agreement" means the Tax Regulatory Agreement, dated the Date of Issuance, between the Issuer, the Company, and the School. "Term Bonds" means the Series A Bonds maturing on 1, 20_, 1, 20_, and I, 20 and the Series B Bonds maturing on 1, 20. "Title Insurer" means Commercial Partners Title, LLC. "Trust Estate" means the property conveyed to the Trustee pursuant to the Granting Clauses of the Indenture. "Trustee" means Wells Fargo Bank, National Association, a national banking association with a designated corporate trust office in Minneapolis, Minnesota, as trustee under the Indenture, and its successors in trust and assigns. "Value" means that value, which shall be determined between 45 and 60 days prior to each Interest Payment Date, of the cash and any investments in the Reserve Fund, which shall be calculated by the Trustee, which may engage the pricing service of any national pricing firm to assist in such determination, as follows: (a) as to investments the bid and asked prices of which are published on a regular basis in The Wall Street Journal (nr, ifilet there, then in The New York Times), the average of the bid and asked prices for such investments so published on or most recently prior to such time of determination; (b) as to investments the bid and asked prices of which are not published on a regular basis in The Wall Street Journal or The New York Times, the average bid price at such time of determination for such investments by any two nationally recognized government securities dealers at the time making a market in such investments or the bid price published by a nationally recognized pricing service; (c) as to certificates of deposit and bankers acceptances: the face amount thereof, plus accrued interest; (d) as to cash, the actual amount thereof; and (e) as to any investment not specified above, the value thereof established by prior agreement among the Company and the Trustee. Section 1.02 Rules of Construction. The following rules shall apply to the construction of this Indenture unless the context clearly indicates to the contrary: versa. (a) Words importing the singular number shall include the plural number and vice 5600797v I 10