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1991-11-15 Resolution 46
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1991-11-15 Resolution 46
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7/18/2008 3:28:09 PM
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(i) "Facility" means the real estate described in <br />• Exhibit A and stadium facility thereon to be leased to the <br />..Commission, pursuant to the Lease. <br />(j) "Government Obligations" means bonds, notes, <br />certificates of indebtedness, treasury bills or other <br />securities constituting direct obligations of, or obligations <br />the timely payment of the principal of and .the interest on <br />-which are fully and unconditionally guaranteed by, the United <br />States of America or any. agency or instrumentality thereof. <br />(k) "Lease" means the lease by the Authority to the <br />Commission, dated as of June 1, 1988, as the same may be <br />amended or supplemented. <br />(1) "Operation and Reserve Fund" means the Operation and <br />Reserve Fund created and established by Section 3.02. <br />(m) "Pledged Funds" means (i) the proceeds from the sale <br />of the Bonds; (ii) the rentals to be received under the Lease; <br />and (iii) all moneys and securities from time to time held by <br />the Trustee under the terms of this Agreement (except moneys <br />or securities=held in accounts to pay for Bonds called for <br />redemption or with respect to which irrevocable instructions <br />to redeem have been given to the Trustee), including without <br />limitation the moneys held in trust funds. <br />. (n) "Qualified Securities" means investments in: <br />(i) Government Obligations; (ii) certificates of deposit <br />issued by banks and mutual savings banks incorporated under <br />the laws of the State of Indiana and in national. banking <br />associations having their principal banking offices in the <br />State of Indiana, including the Trustee, provided such <br />certificates of deposit do not exceed in the aggregate ten <br />percent (10%) of the combined capital, surplus and undivided <br />profits of any such bank or association and that each such <br />---- - bank or association has a combined capital and surplus. of at <br />least $.25,000,000; and provided further that such certificates <br />of deposit are insured by the Federal Deposit Insurance <br />Authority or the Federal Savings and Loan Insurance Authority <br />or, to the extent not so insured, collateralized by interest- <br />bearing obligations described in clause (i) above in which the <br />.Trustee has a perfected security interest; or ( iii) repurchase <br />agreements, entered into with banks and mutual savings banks <br />incorporated under the .laws of the State of Indiana and in <br />national banking associations having their principal banking <br />offices in the State of Indiana, including the Trustee, that <br />are fully collateralized by interest-bearing obligations <br />-4 <br />
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