04-14-2021 Council Packet - Laserfiche WebLink

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13068487v2 6 “Project Buildings” means each of the buildings currently located on the Land, and all other improvements or buildings now or hereafter located on the Land, as the same may be improved or expanded from time to time, and including all building service equipment and other fixtures incorporated therein or attached thereto. “Project Equipment” means all those items of furnishings, furniture, equipment, and other tangible personal property located in the Project Buildings or otherwise on the Land, subject to the provisions of Section 5.07 providing for the removal of Project Equipment. “Project Facilities” means the Land, the Project Buildings and the Project Equipment, all as the same may at any time exist, subject to the provisions of Section 5.07 hereof providing for the release of property. “Project Fund” means the Project Fund established under Section 4.02 of the Indenture. “Qualified Investments” means investments authorized by the Act and described in Section 5.04 of the Indenture. “Redeem” or “redemption” means “prepay” or “prepayment” as the case may be. “Reserve Fund” means the Reserve Fund established under Section 5.03 of the Indenture. “Reserve Requirement” means, whenever used with respect to the Reserve Fund for the Series 2020 Bonds, an amount equal to $_____________. “Responsible Officer” of any Trustee means any officer within the corporate trust department of the trustee, including any vice president, assistant vice president, assistant secretary, assistant treasurer, trust officer or any other officer of the trustee who customarily performs functions similar to those performed by the persons who at the time shall be such officers, respectively, or to whom any corporate trust matter is referred because of such person’s knowledge of and familiarity with the particular subject and who shall have direct responsibility for the administration of the Indenture. “Series 2021D Bonds” means the City of Little Canada, Minnesota Subordinate Senior Housing and Healthcare Revenue Bonds (New Harmony Project), Series 2021D, authorized by the Indenture, this Loan Agreement and the Bond Resolution and described in Section 2.01 of the Indenture. “Sinking Fund” means the Sinking Fund established under Section 3.08 of the Indenture. “Total Principal and Interest Requirements” means, in any fiscal year, the total amount of principal of and interest on any indebtedness of the Corporation, 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 the Bonds or other indebtedness. “Trustee” means the trustee at the time serving as such under the Indenture.