Laserfiche WebLink
8333729v2 <br /> <br /> <br /> 3 <br /> <br />Issuer: City of Little Canada, Minnesota, its successors and assigns; <br />Land: the real property and any other easements and rights described in Exhibit A to the <br />Declaration, together with all additions thereto and substitutions therefor agreed to by Lender <br />and Borrower; <br />Lender: Bremer Bank, National Association, a national banking association, its <br />successors and assigns; <br />Loan: the loan of proceeds of the Note from the Issuer to the Borrower described in <br />Section 3.1 of this Agreement; <br />Loan Documents: collectively, the documents listed in Section 3.2, items (1) - (6) hereof; <br />Mendota Note: the City of Mendota, Minnesota Capital Campaign Bridge Financing <br />Note, Series 2017 (Saint Paul Academy and Summit School Project) dated <br />___________________, 2017, in the original principal amount of $10,000,000, as it may be <br />amended from time to time; <br />Note: the Issuer's $7,500,000 Educational Facilities Revenue Refunding Note, Series <br />2017 (Saint Paul Academy and Summit School Project), as it may be amended from time to <br />time; <br />Pledge Agreement: the Pledge Agreement of even date herewith between the Issuer and <br />the Lender pledging and assigning the Issuer's interest in this Agreement to the Lender to the <br />extent provided therein; <br />Principal Balance: so much of the principal sum on the Note as from time to time <br />remains unpaid; <br />Prior Bonds: the $14,750,000 Housing and Redevelopment Authority Educational <br />Facilities Revenue Refunding Bonds, Series 2007 (Saint Paul Academy and Summit School <br />Project), currently outstanding in the principal amount of $______________________; <br />Project: the refunding of the Prior Bonds, the proceeds of which were used to refinance <br />the acquisition, construction, and improvement of the Facility; <br />Project Costs: all direct costs authorized by the Act and paid or incurred by the Borrower <br />with respect to the Project; <br />Purchase Agreement: the Agreement to Purchase dated _______________, 2017 <br />between the Issuer, the Borrower, and the Lender; <br />Redemption Date: __________________, 2017; <br />Resolution: the Final Note Resolution of the Issuer, adopted June 14, 2017, authorizing <br />the issuance of the Note together with any supplement or amendment thereto;