60-18 Bond Financing for the Community Center Project

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such Debt Service Fund Credit Facility, in a Rating Category that is at least as high as the rating assigned to the Bonds (to which Debt Service Fund Credit Facility relates) by the Rating Agency or Rating Agencies then maintaining a rating on the Bonds. "Debt Service Reserve Fund" means the Debt Service Reserve Fund created and established pursuant to Section 4.2 of this Indenture. "Debt Service Reserve Fund Credit Facility" means any letter of credit, revolving credit agreement, surety bond, insurance policy or other agreement or instrument issued or provided by a Credit Provider, (i) which may be deposited in a reserve account in the Debt Service Reserve Fund in lieu of or in partial substitution for cash or Qualified Investments to be on deposit therein, and (ii) which shall be payable (upon the giving of notice as required thereunder) on any due date on which moneys will be required to be withdrawn from such reserve fund in which such Debt Service Reserve Credit Facility is deposited and applied to the payment of the principal of or interest on any Bonds. "Debt Service Reserve Fund Reimbursement Obligation" shall mean any obligation to reimburse the Credit Provider of any Debt Service Reserve Fund Credit Facility for any payment made under such Debt Service Reserve Fund Credit Facility or any other obligation to repay any amounts (including,but not limited to, fees or additional interest) to the Credit Provider. "Debt Service Reserve Requirement" means an amount equal to but not in excess of the least of(i) the maximum annual principal and interest payments on the Bonds; (ii) 10% of the par amount of the Bonds; or(iii) 125%of the average annual principal and interest on the Bonds. "Depository Company" or "Depository" means The Depository Trust Company, New York, New York, and its successors and assigns, including any surviving, resulting or transferee Public Library, or any successor Public Library that may be appointed in a manner consistent with this Indenture and shall include any direct or indirect participants of The Depository Trust Company. "District"means the City of South Bend Redevelopment District. "Economic Development Commission" means the South Bend Economic Development Commission. "Event of Default" means those events of default specified in and defined by Section 7.1 hereof. "Expense Fund"means the Expense Fund created and established pursuant to Section 4.2 of this Indenture. "Financing Agreement" means the Financing Agreement, dated as of 1, 20, between the Public Library and the Issuer and all amendments and supplements thereto. The Issuer has delivered a copy of such Financing Agreement to the Trustee. "Governmental Obligations" means bonds, notes, certificates of indebtedness, treasury bills or other securities constituting 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 5