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12316306v3 -7- to which his/her Certificate or opinion relates (other than payment to be received for professional services rendered), and (iii) is not connected with the Issuer or the Borrower as a commissioner or an officer, director or employee. "Independent Counsel" means an Independent attorney duly admitted to practice law before the highest court of any state. "Independent Engineer" means an Independent engineer or engineering firm or an Independent architect or architectural firm selected by the Borrower qualified to practice the profession of engineering or architecture under the laws of Minnesota. "Installment Computation Date" shall have the meaning set forth in Treasury Regulation §1.148-3(e)(1). "Interest Payment Date" means each May 1 and November 1, commencing November 1, 2020. "Internal Revenue Code" means the Internal Revenue Code of 1986, as amended. "Issuer" or "City" means City of Little Canada, a municipal corporation of the State of Minnesota, its successors and assigns. "Land" means the land and interests in land constituting the site of the Project Buildings, as described in Exhibit A to the Mortgage, subject to the provisions of Section 5.08 of the Loan Agreement providing for the release of real property. "Letter of Representations" means the Blanket Letter of Representations between the Depository and the Issuer and any amendments or supplements thereto. "Limited Guaranty" means the Limited Guaranty Agreement of even date herewith from the Guarantor to the Trustee, as the same may be amended from time to time in accordance with the provisions of this Indenture. "Loan Agreement" means the Loan Agreement of even date herewith, between the Issuer and the Borrower, as amended or supplemented from time to time. "Loan Repayments" means the payments made or to be made by the Borrower pursuant to Section 4.02 of the Loan Agreement. "Mortgage" means the [Amended and Restated] Combination Mortgage, Security Agreement, Fixture Financing Statement and Assignment of Leases and Rents of even date herewith from the Borrower to the Trustee, and all amendments and supplements thereto. "Mortgaged Property" means the property subject to the lien of the Mortgage, as described therein. "Net Proceeds" means, when used with respect to proceeds of insurance or a condemnation award, moneys received or receivable by the Borrower as owner or the Trustee as