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

Home

Series 2022B Bonds means the Taxable Charter School Lease Revenue Refunding Bonds (PACT Charter School Project) Series 2022B, in the original aggregate principal amount of $ , and issued by the Issuer under and secured by this Indenture. Short-Term Indebtedness means all Indebtedness the final maturity of which is one(1)year or less after the initial incurrence thereof and which is not renewable at the option of the Company or the Charter School, as applicable, for a term greater than one (1) year or less after the initial incurrence thereof unless,by the terms of such Indebtedness, no such Indebtedness is permitted to be outstanding thereunder for a period of at least twenty(20) consecutive days during each Fiscal Year. Significant Bondholder means any Bondholder of $1,000,000 or greater of Outstanding principal amount of the Bonds. S&P means S&P Global Ratings, its successors, and their assigns, and if such entity shall be dissolved or liquidated or shall no longer perform the functions of a municipal securities rating agency, "S&P" shall be deemed to refer to any other nationally recognized municipal securities rating agency designated by the Company(other than Moody's) by notice to the Trustee. Special Record Date means that date specified by the Trustee for the payment of any defaulted interest. State means the State of Minnesota. State Aid Revenues Account or Sweep Account means the State Aid Revenues Account established and maintained pursuant to the Pledge Agreement by the Charter School at the Depository Bank and in which the Trustee has a security interest pursuant to the Account Control Agreement. Subordination Agreement means the Subordination, Non-Disturbance and Attornment Agreement, dated as of September 1, 2022, between the Trustee, the Company, and the Charter School, and as it may be amended or supplemented from time to time. Supplemental Indenture means any supplemental indenture which supplements or amends this Indenture. Taxable Account means the Taxable Account within the Reserve Fund created pursuant to Article V of this Indenture. Tax Certificate means (i) with respect to the Series 2022 Bonds, the Tax Regulatory Agreement, dated the Date of Issuance, between the Company and the Charter School, and endorsed by the Issuer, as it may be amended from time to time, and(ii)with respect to any series of Additional Bonds, the tax certificate or similar agreement entered into by the Company and the Charter School and the Issuer or endorsed by the Issuer, as applicable, certifying to certain matters in order for Bond Counsel to be able to deliver its tax-exemption opinion letter with respect to any series of Additional Bonds that are Tax-Exempt Bonds. 19 735810810