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

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Tax-Exempt Account means the Tax-Exempt Account within the Reserve Fund created pursuant to Article V of this Indenture. Tax-Exempt Bonds means the Series 2022A Bonds and any Additional Bonds the interest on which is intended to be excluded from gross income for federal income tax purposes. Term of the Loan Agreement means the term of the Loan Agreement as specified in Section 11.1 of the Loan Agreement. Title Insurer means Land Title Inc., a Minnesota corporation, its successors, and assigns. Trustee means U.S. Bank Trust Company, National Association, a national banking association with a designated corporate trust office in Saint Paul, Minnesota, as trustee under this Indenture, and successors in trust and assigns. Trust Estate means the property conveyed to the Trustee pursuant to the Granting Clauses of the Indenture. 2022 Project means the same as defined in the recitals of this Indenture. 2022 Project Fund means the fund created pursuant to Article V of this Indenture. UCC means the Minnesota Uniform Commercial Code, Minnesota Statutes, Chapter 336, as amended, and any successor statute(s) thereto. Underwriter means Robert W. Baird & Co., Incorporated, the Original Purchaser of the Series 2022 Bonds. Upper School Campus means the approximately 115,000 square-foot School Facilities to be constructed at 7633 161 st Avenue NW, Ramsey, Minnesota, to be used as a public charter schoolhouse and to be acquired, constructed, 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. Value means that value,which may be determined by the use of any national pricing service or firm to assist in such determination, and which shall be determined between forty-five (45) and sixty(60)days prior to each Interest Payment Date, of the cash and any investments in the Reserve Fund, which shall be calculated by the Trustee, which may engage the pricing service of any national pricing firm to assist in such determination, as follows: (a) as to investments the bid and asked prices of which are published on a regular basis in The Wall Street Journal (or, if not there, then in The New York Times), the average of the bid and asked prices for such investments so published on or most recently prior to such time of determination; (b) as to investments the bid and asked prices of which are not published on a regular basis in The Wall Street Journal or The New York Times, the average bid price at such time of determination for such investments by any two (2) nationally recognized government securities dealers at the time making a market in such investments or the bid price published by a nationally recognized pricing service; (c) as to certificates of deposit and bankers acceptances: the face amount thereof, plus accrued interest; (d) as to cash, the actual amount thereof; and (e) as to any investment not specified above, the cost 20 735810810