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"Permitted Liens"means, as applied to the Borrower:
<br /> (i) Liens securing taxes, assessments, fees, or other Governmental charges or
<br /> levies, or the claims of materialmen, mechanics, carriers, warehousemen, landlords, and
<br /> other similar Persons, the payment of which is not at the time required by Section 5.5(c)
<br /> of the Agreement;
<br /> (ii) Liens incurred or deposits made in the ordinary course of business (a) in
<br /> connection with workmen's compensation, unemployment insurance, social security and
<br /> other similar laws, or (b) to secure the performance of bids, tenders, sales, contracts,
<br /> public or statutory obligations, customs, appeal and performance bonds, and other similar
<br /> obligations not incurred in connection with the borrowing of money, the obtaining of
<br /> advances, or the payment of the deferred purchase price of property;
<br /> (iii) Reservations, exceptions, encroachments, easements, rights of way,
<br /> covenants, conditions, restrictions, leases, and other similar title exceptions or
<br /> encumbrances affecting real property, provided they do not in the aggregate materially
<br /> detract from the value of such properties or materially interfere with their use in the
<br /> ordinary conduct of the Borrower's business;
<br /> (iv) Permitted Encumbrances; and
<br /> (v) Liens securing Permitted Indebtedness.
<br /> "Person" or words importing persons mean firms, associations, partnerships (including
<br /> without limitation, general and limited partnerships), joint ventures, societies, estates, trusts,
<br /> corporations, limited liability companies, public or governmental bodies, other legal entities and
<br /> natural persons.
<br /> "Plans and Specifications" means the plans and specifications describing the Project as
<br /> now prepared and as they may be changed as provided in the Agreement from time to time.
<br /> "Pledged Revenues"means (a) the Loan Payments, (b) all other moneys received or to be
<br /> received by the Issuer or the Trustee in respect of repayment of the Loan, including without
<br /> limitation, all moneys and investments in the Bond Fund, (c) any moneys and investments in the
<br /> Project Fund and in the Assignment Fund, and (d) all income and profit from the investment of
<br /> the foregoing moneys. The term "Pledged Revenues" does not include any moneys or
<br /> investments in the Rebate Fund or the Residual Fund.
<br /> "Predecessor Bond" of any particular Bond means every previous Bond evidencing all or
<br /> a portion of the same debt as that evidenced by the particular Bond. For the purposes of this
<br /> definition, any Bond authenticated and delivered under Section 3.06 of this Indenture in lieu of a
<br /> lost, stolen or destroyed Bond shall, except as otherwise provided in Section 3.06, be deemed to
<br /> evidence the same debt as the lost, stolen or destroyed Bond.
<br /> "Principal Payment Account" means the Principal Payment Account within the Bond
<br /> Fund created in Section 5.01 hereof.
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