60-18 Bond Financing for the Community Center Project

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or certificates of deposit of commercial banks or savings and loan associations, including the Trustee, which mature not more than one year after the date of purchase; provided the banks or savings and loan associations (rather than their holding companies) are rated for unsecured debt at the time of purchase of the investments in the two highest full classifications established by Moody's Investors Service, Inc. and Standard & Poor's Ratings Services, Inc.; (vi) U.S. dollar denominated deposit accounts or commercial paper rated at the time of purchase in the single highest full classification by Moody's Investors Service, Inc. and Standard & Poor's Ratings Services, Inc. and which matures not more than 270 days after the date of purchase; (vii) investment agreements fully and properly secured at all times by collateral security described in (i), (ii) or (iii) above or issued by entities rated in the single highest full classification by Moody's Investors Service and Standard & Poor's Ratings Services, Inc. when such agreement was entered into; and (viii) repurchase agreements with any bank or trust company organized under the laws of any state of the United States of America or any national banking association (including the Trustee) or government bond dealer reporting to, trading with, and recognized as a primary dealer by the Federal Reserve Bank of New York, which agreement is secured by any one or more of the securities described in clauses (i), (iii) or (iv) above; provided, underlying securities are required by the repurchase agreement to be continuously maintained at a market value not less than the amount so invested. "Rating Agency" or "Rating Agencies" means Fitch, S&P or Moody's, according to which of such rating agencies then rates a Bond; and provided that, if none of such rating agencies then rates a Bond, the teem "Rating Agency" or "Rating Agencies" shall refer to any national rating agency(if any) that provides such rating. "Rating Category" means one of the generic rating categories of the applicable Rating Agency, without regard to any refinements or gradations of such generic rating category by numerical or other modifier. "Record Date" means the fifteenth day of the month immediately preceding any Interest Payment Date. "Redevelopment Commission"means the South Bend Redevelopment Commission. "Refunding Bonds" means Additional Bonds issued pursuant to Section 2.9 hereof and any Supplemental Indenture for the purpose of refunding any Bonds which are outstanding hereunder. "Registrar" means initially U.S. Bank National Association, in Indianapolis, Indiana, a national banking association organized and existing under the laws of the United States of America or any successor thereto. "Requisite Bondholders" means the holders of 66-2/3% in aggregate principal amount of Bonds. "River West Economic Development Area" means the economic development area within the District previously established by the Redevelopment Commission in accordance with IC 36-7-14. 7