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

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Issuer's Unassigned Rights means amounts payable to the Issuer under Sections 4.2(b) and 4.3 of the Loan Agreement; right of the Issuer to access the School Facilities under Section 7.2 of the Loan Agreement; rights of the Issuer to inspect the books and records of the Company under Sections 7.2 of the Loan Agreement; indemnification of the Issuer under Section 8.2 of the Loan Agreement; the right of the Issuer to receive notices, reports, opinions, financial statements and the like; the right, where granted to the Issuer, to approve and withhold approval or consent of matters requiring the approval or consent of the Issuer; and payment to the Issuer of all amounts owing to the Issuer under Sections 9.4 and 10.1 of the Loan Agreement. Late Payment Rate means ten percent (10%) per annum. Lease means the [[Lease Agreement], dated as of September 1, 2022, between the Company, as landlord, and the Charter School, as tenant, with respect to the lease of the School Facilities, and any amendment or supplement thereto.] Lease Payment(s) or Rent Payment(s) or Lease/Rent Payment means all payments due from the Charter School, as lessee, to the Company, as lessor, pursuant to the Lease. Letter of Representations means when all the Bonds of a Series are Depository Bonds, any letter of representation of the Issuer with the Depository executed by the Issuer and any amendments thereto or successor agreements between the Issuer and the Depository. Line of Credit means the revolving line of credit between the Charter School and the Depository Bank as the same may be amended or extended in the future, and any successor line of credit thereto, provided that no revolving line of credit may provide for a maximum amount of credit that exceeds the amount of allowable Short-Term Indebtedness under the Pledge Agreement. Loan Agreement means the Loan Agreement, dated as of September 1, 2022, between the Issuer and the Company, and any amendments and supplements thereto. Loan Repayments means the payments required to be made by the Company pursuant to Section 4.2(a) of the Loan Agreement. Long-Term Indebtedness means all Indebtedness the final maturity of which (taking into account any extensions available at the sole option of the Company or the Charter School, as applicable) is greater than one (1) year after the initial incurrence thereof. Majority Bondholde means any Bondholder or Bondholders who, in the aggregate, are the beneficial owners of greater than fifty percent (50%) of the Outstanding principal amount of the Bonds; provided that Bonds held by the Company, the Charter School or any affiliate thereof shall be disregarded in making such determination, unless one hundred percent (100%) of the Outstanding Bonds are held by the Company, the Charter School or any affiliate thereof. MDE means the Minnesota Department of Education, or any successor thereto. MERLA means the Minnesota Environmental Response and Liability Act or any successor State law thereto. 11 735810810