32-17 Economic Development Revenue Bonds (Studebaker Project)

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(ii) any sums required to reimburse Issuer or Developer for advances made by either of them subsequent to the date of inducement by the Issuer for any of the above items or for any other costs incurred and for work done by either of them which are properly chargeable to the Project. "Developer" means RDistrict Two LLC, a limited liability company duly organized, existing and authorized to do business under the laws of the State of Indiana, or any successors thereto permitted under Section 3.3 hereof. "Government Obligations" means direct obligations of, or obligations the timely payment of the principal of and the interest on which are fully and unconditionally guaranteed by, the United States of America. "Indenture" means the Trust Indenture dated as of June 1, 2017, between the Issuer and the Trustee and all amendments and supplements thereto. "Issuer" means the City of South Bend, Indiana, a municipality duly organized and validly existing under the laws of the State. "Net Proceeds," when used with respect to any insurance or condemnation award, means the gross proceeds from the insurance or condemnation award remaining after payment of all expenses (including attorneys' fees and expenses and any expenses of the Trustee or the Issuer) incurred in the collection of such gross proceeds. "Outstanding" or "Bonds Outstanding" means Bonds which have been duly authenticated and delivered by the Trustee under the Indenture, except: (i) Bonds canceled after purchase in the open market or because of payment at or redemption prior to maturity; (ii) Bonds for the redemption of which cash or investments (but only to the extent that the full faith and credit of the United States of America are pledged to the timely payment thereof) shall have been theretofore deposited with the Trustee (whether upon or prior to the maturity or redemption date of any such Bonds); provided that if such Bonds are to be redeemed prior to the maturity thereof, notice of such redemption shall have been given or arrangements satisfactory to the Trustee shall have been made therefor, or waiver of such notice satisfactory in form to the Trustee, shall have been filed with the Trustee; and (iii) Bonds in lieu of which others have been authenticated under Section 2.9 of the Indenture. "Project" means the reskinning and restoration of Building 84 and all related improvements and expenses related thereto (if any) which is being undertaken in connection with the remediation and rehabilitation of the former Studebaker manufacturing facilities. "Purchaser" means Regional Development Authority of Northern Indiana. -4 - 1\11853148.2