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

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Dissemination Agent means U.S. Bank Trust Company, National Association, a national banking association, and its successors and assigns, acting as dissemination agent under the provisions of the Continuing Disclosure Agreement. Elementary School Campus means the approximately 74,000 square-foot School Facilities located at 7250 East Ramsey Parkway, Ramsey, Minnesota, used as a public charter schoolhouse and to be improved, bettered, and equipped with certain of the proceeds of the Series 2022 Bonds and also including any Improvements thereto in the future which may or may not be funded with proceeds of Additional Bonds. EMMA means the Electronic Municipal Market Access system established by the Municipal Securities Rulemaking Board (the "MSRB") with the support of the Securities and Exchange Commission, which can be accessed on the date hereof at www.emma.msrb.org.or any successor system established by the MSRB. Environmental Regulations means CERCLA, RCRA, the MERLA, and other similar applicable federal, state or local environmental laws, statutes, regulations, requirements and ordinances. Event of Default mean with respect to any Event of Default under the Loan Agreement, this Indenture or any other Security Document, any occurrence or event specified and defined by the Loan Agreement, any other Security Document, or by Section 8.1 of this Indenture. Exempt Organization or Tax-Exempt Organization means a governmental unit, an entity described in Section 501(c)(3) of the Code, or a limited liability company that is a disregarded entity for federal income tax purposes and whose sole member (or, if different, beneficial owner for federal income tax purposes) is an entity described in Section 501(c)(3) of the Code and is disregarded by its sole member for federal income tax purposes. Expense Fund means the fund created pursuant to Article V of this Indenture. Favorable Opinion of Bond Counsel means an opinion of Bond Counsel addressed to the Issuer and the Trustee to the effect that the action proposed to be taken is not prohibited by the laws of the State and, with respect to any Tax-Exempt Bonds, will not adversely affect any exclusion from gross income for federal income tax purposes of interest on any Tax-Exempt Bonds. Fiscal Year means any period of twelve(12)consecutive months adopted by(a)the Charter School as its fiscal year for financial reporting purposes and initially means the period beginning July 1 of each year and ending on June 30 of the next year, and (b) the Company as its fiscal year for financial reporting purposes and initially means the period beginning July 1 of each year and ending on June 30 of the next year. General Education Funding means the sum of the Charter School's basic revenue, extended time revenue, gifted and talented revenue, basic skills revenue, training and experience revenue, secondary sparsity revenue, elementary sparsity revenue, transportation sparsity revenue, total operating capital revenue,equity revenue, alternative teacher compensation revenue,and transition revenue as currently identified under Code 01 S211 (or any successor code thereto) in the 8 735810810