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Bill No. 20-22 Amending Bond Ordinance_City of South Bend, Indiana Variable Rate Economic Development Revenue Bonds, Series 2007 (PEI_Genesis Project)
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Bill No. 20-22 Amending Bond Ordinance_City of South Bend, Indiana Variable Rate Economic Development Revenue Bonds, Series 2007 (PEI_Genesis Project)
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5/5/2022 3:20:12 PM
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5/4/2022 5:05:05 PM
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City Council - City Clerk
City Council - Document Type
Ordinances
City Counci - Date
5/9/2022
Bill Number
20-22
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5 <br /> <br />“Loan Payment Date” means any date on which any of the Loan Payments are due <br />and payable, whether at maturity, upon acceleration, call for redemption or prepayment, or <br />otherwise. <br />“Loan Payments” means the amounts required to be paid by the Borrower in repayment <br />of the Loan pursuant to the provisions of the Notes and of Section 4.1 hereof. <br />“Notes” means the Project Note and any Additional Notes. “Notice Address” <br />means: <br /> (a) As to the Issuer: City of South Bend, Indiana <br />14th Floor, County-City Building <br />South Bend, IN 46601 <br />Attention: Controller <br /> <br /> (b) As to the Borrower: Tuliptree Associates LLC <br />2180 Hornig Road <br />Philadelphia, PA 19116 Attention: <br />Gregory Warshaw <br /> <br /> (c) As to the Trustee: U.S. Bank National <br />Association 10 West <br />Market Street, Suite 1150 <br />Indianapolis, IN 46204 <br />Attention: Corporate Trust Department <br />(d) As to the Initial BSBY Rate Bond Citizens Bank, N.A. <br /> Purchaser: 2001 Market Street, Suite 600 <br />195-0633 <br />Philadelphia, PA 19103 <br />Attn: Derrick R. Davis, Senior <br />Vice President <br />or such additional or different address, notice of which is given under Section 8.2 <br />hereof. <br /> <br />“Original Agreement” means that certain Loan Agreement dated as of even date with the <br />Original Indenture, between the Issuer and the Borrower. <br />“Original Indenture” means that certain Trust Indenture, dated January 1, 2007, between <br />the Issuer and the Trustee. <br />“Original Project Note” means the promissory note of the Borrower, dated as of January <br />30, 2007, the date of issuance of the Project Bonds.
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