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1990-03-07 Minutes
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1990-03-07 Minutes
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requires: <br />(a) "Agreement" of "this Agreement" means this instrument, <br />either as originally executed or as it may from time to time be <br />supplemented, modified or amended by any supplemental agreement <br />entered into pursuant to the provisions of this Agreement. <br />(b) 11Arbitrage Regulations" means the Treasury Regulations <br />under Section 148 of the Code, as the same may be amended or <br />supplemented or proposed to be amended or supplemented from time to <br />time. <br />(c) "Authority" means the South Bend .Redevelopment <br />Authority, a body corporate and politic, or any successor entity. <br />(d) "Board" means the Board of Directors of the Authority. <br />(e) "Bond" or "Bonds" (unless the context shall otherwise <br />require) means any Bond or Bonds, or all the Bonds, as the case may <br />be, authenticated and delivered under this Agreement. <br />(f) "Bondholder," "holder," "owner" and "registered owner" <br />means the registered owner of a Bond. <br />(g) "Code" means the Internal Revenue Code of 1986, as <br />amended. <br />(h) "Commission" means the South Bend Redevelopment <br />Commission, or if said commission shall be abolished, the commission, <br />board, body or agency succeeding to the principal functions thereof. <br />(i) "Construction Fund" means the Construction Fund created <br />and established by Section 3.01. <br />(j) "Government Obligations" means bonds, notes, <br />certificates of indebtedness, treasury bills or other securities <br />constituting direct obligations of, or obligations the timely payment <br />of the principal of and -the. interest on which are fully- and <br />unconditionally guaranteed by, the United States of America or any <br />agency or instrumentally thereof when such obligations are backed by <br />the full faith and credit of the United States of America. <br />(k) "Lease" means the lease by the Authority to the <br />Commission, dated as of November 1, 1989, as the same may be amended <br />or supplemented. <br />(1) "Operation .and Reserve Fund" means the Operation and <br />Reserve Fund created and established by Section 3.03. <br />(m) "Pledged Funds" .means (i) the proceeds from the sale of <br />• <br />IV-5 <br />
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