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

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(h) the contract price of all labor, services, materials, supplies, equipment and remodeling furnished under a construction contract; (i) all expenses incurred in seeking to enforce any remedy against a contractor, any subcontractor or any surety in respect of any default under any construction contract; (j) the cost of all other labor, services, materials, supplies and equipment necessary to complete the acquisition, construction, expansion and equipping of the Project; (k) alI interest accruing on money borrowed by the Company for financing of the Project Costs during construction and up to six months thereafter; (1) all fees and expenses of the Trustee and any Paying Agent relating to the Bonds that become due before the completion of the Project; (m) without limitation by the foregoing, all other expenses which under generally accepted accounting principles constitute necessary capital expenditures for the Project and are authorized by the Act to be paid from the proceeds of the Bonds; and (n) all advances, payments and expenditures made or to be made by the Issuer, the Trustee and any other person with respect to any of the foregoing expenses. "Project Site" means the real estate described in EXHIBIT A hereto, 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. "Rating Agency" means Standard & Poor's or Moody's. "Rebate Fund" means the fund created pursuant to Section 5.22 of the 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 the 15th day of the calendar month preceding an Interest Payment Date. "Reserve Fund" means the fund created pursuant to Section 5.10 of the Indenture. "Revenue Fund" means the fund created pursuant to Section 5.02 of the Indenture. "School" means PACT Charter School, a Minnesota nonprofit corporation, formed as a public (charter) school pursuant to Minnesota Statutes, Section 124D.10. 7 56OOS6 v1