05-13-2020 Council Packet - Laserfiche WebLink

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12316306v3 -10- "Regular Record Date" for the interest payable on any interest payment date on the fully registered Bonds of any series means the date specified in the provisions of this Indenture creating such series. "Reimbursement Resolution" means a resolution declaring an official reimbursement intent with respect to the Project and the Series 2020 Bonds, within the meaning of Treas. Reg. § 1.150-2, adopted by the Board of Directors of the Borrower. "Reserve Fund" means the Reserve Fund established under Section 5.03 hereof. "Reserve Requirement" means an amount equal to $___________. "Responsible Officer" of any Trustee hereunder means and includes the chairman of the board of directors, the president, every vice president, every assistant vice president, the cashier, every assistant cashier, every corporate trust officer, and every officer and assistant officer of such trustee, other than those specifically above mentioned, to whom any corporate trust matter is referred because of his/her knowledge of, and familiarity with, a particular subject. "Series 2020 Bonds" means the City of Little Canada, Minnesota, Senior Housing and Health Care Facilities Revenue Bonds (Langton Shores Project), Series 2020, authorized by the Bond Resolution and described in Section 2.01 hereof. "Sinking Fund" means the Sinking Funds established under Section 3.08 hereof, which Sinking Funds shall be maintained by the Trustee as part of the Bond Fund. "Special Record Date" for the payment of any Defaulted Interest (as defined in Section 2.05 hereof) on fully registered Bonds means a date fixed by the Trustee pursuant to Section 2.05 hereof. "Title Company" means First American Title Insurance Company. "Total Principal and Interest Requirements" means, in any fiscal year, the total amount of principal of and interest on any indebtedness of the Borrower, including indebtedness in the form of capitalized leases and installment purchase agreements, with a term (including extensions and renewals) of more than one year, and including any indebtedness represented by Bonds then outstanding, which is to be due and payable in such fiscal year, but excluding any interest expense which has been funded from the proceeds of Bonds or other indebtedness. "Trustee" means the trustee at the time serving as such under the Indenture. "Trust Estate" means the interest of the Issuer in the Loan Agreement assigned under Granting Clause I of the Indenture; the revenues, moneys, investments, contract rights, general intangibles and instruments and proceeds and products and accessions thereof as set forth in Granting Clause II of this Indenture; and additional property held by the Trustee pursuant to Granting Clause III of this Indenture, including the Mortgage and the Limited Guaranty. Section 1.02 Characteristics of Certificate or Opinion. Every Certificate or Opinion of Counsel with respect to compliance with a condition or covenant provided for in this Indenture