Agenda - Council - 07/12/2022 - Laserfiche WebLink

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and (ii) for any issue of Additional Bonds, the Bond Year elected for such issue of Additional Bonds in a Supplemental Indenture. Bondholder or Holder or Beneficial Owner means the actual person who is the beneficial owner of any Bonds or the actual persons who are the beneficial owners of any Bonds and for such purposes of this Indenture shall not mean any designee of DTC. Bonds means the Series 2022 Bonds and any Additional Bonds. Building Lease Aid or Lease Aid means amounts received by the Charter School from the State pursuant to Section 124E.22(b) of the Charter School Act to fund payments due under the Lease, or any replacement provision therefor pursuant to State law. Business Day means any day of the year other than (a) a Saturday or Sunday, or (b) any day on which banking business is not transacted by banks in the city in which the Trustee has its designated corporate trust office. Capital Assessment means a Capital Assessment Plan required to be delivered by the Company in compliance with the requirements of Section 7.13 of the Loan Agreement. Capitalized Interest Subaccount means the subaccount of the Bond Fund created pursuant to Article V hereof. Capital Repair and Replacement Fund means the fund created pursuant to Article V of this Indenture. Cash on Hand means the sum of cash, cash equivalents, liquid investments, and unrestricted marketable securities (valued at the lower of cost or market value) of the Charter School. Cash on Hand specifically does not include amounts held by the Trustee or the proceeds of any Indebtedness. CERCLA means the Federal Comprehensive Environmental Response Compensation and Liability Act of 1980 or any other successor federal statutory provision thereof. Charter Contract/Agreement means the written agreement (or any successor agreement) between the Authorizer and the Charter School required by Section 124E.10, subdivision 1(a) of the Charter School Act, as amended or supplemented from time to time. Charter School or School means PACT Charter School,a Minnesota nonprofit corporation, formed as a public (charter) school pursuant to Section 124E.06 of the Charter School Act, and its successors or assigns. Charter School Act means Minnesota Statutes, Chapter 124E, as amended. Charter School Representative means the person or persons at the time designated to act on behalf of the Charter School by written certificate furnished to the Issuer and the Trustee containing the specimen signatures of such person or persons and signed on behalf of the Charter 5 735810810