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ARTICLE I Definitions and Exhibits Section 1.1. Definitions. Unless the context otherwise requires, the terms defined in this Section shall, for all purposes of this Lease and Exhibits attached hereto, have the meanings herein specified: "Additional Lease Payments" means payments due from the City pursuant to Section 4.3 hereof. "Authority" means the Lino Lakes Economic Development Authority, a public body corporate and politic and political subdivision of the State of Minnesota, and its successors and assigns as lessor hereunder. "Authorized Officer," when used with respect to the City, means its Mayor, City Administrator, Finance Director, City Clerk or any other person who is designated in writing by the City as an Authorized Officer for purposes of this Lease, and when used with respect to the Authority means its Executive Director or any other person who is designated in writing by the Authority as an Authorized Officer for purposes of this Lease. "Bond Counsel" means any attorney or law firm having a national reputation as bond counsel in connection with the issuance of state and local governmental obligations and appointed by the Authority as bond counsel. "Bond Registrar" means U.S. Bank National Association, Saint Paul, Minnesota, or any successor Bond Registrar appointed by the Authority. "Bond Resolution" means the resolution authorizing the issuance and sale of the Bonds adopted by the Board of Commissioners of the Authority on March 23, 2015. "Bonds" means the Lease Revenue Bonds, Series 2015 (City of Lino Lakes, Minnesota Lease Obligation), issued by the Authority in the original aggregate principal amount of $4,430,000, pursuant to the Bond Resolution. "City" means the City of Lino Lakes, a home rule city and political subdivision of the State of Minnesota, and any successor to its functions. "City Council" means the City Council of the City and any successor as governing body of the City. "Closing Date" means June 18, 2015, the date upon which the Bonds are delivered to the Original Purchaser thereof against payment therefor. "Code" means the Internal Revenue Code of 1986, as amended. "Completion Date" means the date of completion of the acquisition, construction and equipping of the Facilities, as evidenced by the certificate of the City described in Section 3.2(f) hereof. "Costs of Issuance" means all fees and expenses incurred by the City and the Authority in connection with the execution and delivery of the Lease and the issuance of the Bonds, including, but not limited to, costs of preparing and printing the Bonds, this Lease, the Ground Lease, the Paying Agent Agreement, the Official Statement relating to the Bonds, and related documents; legal fees (including, without limitation, those of Bond Counsel and counsel to the Authority and the City); recording fees and title insurance 460515v2 JAE LN140-112 2