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Resolution No 16-2024 - Related to Property Conveyance to McCormick Company Lathrop St.
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Resolution No 16-2024 - Related to Property Conveyance to McCormick Company Lathrop St.
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4/17/2025 3:39:21 PM
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5/14/2024 4:19:37 PM
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Board of Public Works
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Resolutions
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5/14/2024
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• • ailL 2S3 208 <br />ARTICLE I <br />Definitions <br />®� "Act" means the Indiana code, 18-6-4.5. <br />"Additional Bonds" mean the additional parity Bonds e Lessor pursuant to the terms <br />authorized to be issued by th <br />'O'Wd conditions of section 211 of the Indenture. <br />` ^."Authorized Lessee Representative" means a etAuuthorrized <br />Lessee Representative or Representatives who, <br />shalj4have been designated as such in or pursuant to the <br />provisions of Section 4.7 hereof. <br />"Bond, or "Bonds" means one or more of the $3,350,000 <br />in aggregate principal Seriesmount of Economic 1976 (McCormick) 6pment First <br />company, <br />Mortcage Revenue Bonds, if any are <br />Incorporated Project) and any Additional Bonds, <br />authorized hereunder and under the Indenture, issued and to <br />be issued pursuant to the Indenture. <br />"Bond Fund" means the Bond Fund created by Section 502 <br />of the Indenture. <br />"Building" means all buildings, structuresand <br />factheties <br />net constituting part of any machinery or equipment <br />Project, which are required by Section 4.1(a) he�eiome exist. <br />acquired on the Leased Land, as they may at any <br />"Completion Date" means the date of acquisition or <br />completion of the construction of the Building and the <br />installation therein of any machinery or equipment <br />t.dateshall which <br />bis <br />to constitute a part of the project, a <br />certified as provided in section 4.5 hereof. <br />"completion period" means the period between the date <br />on which Bonds are first delivered to purchasers thereof and <br />the Completion Date. --'- <br />"Indenture" means the Mortgage and Indenture of Trust <br />between the Lessor and the Trustee of even date herewith, <br />including any indenture supplemental thereto, Pursuantt <br />which (i) the Bonds are authorized to be issued, <br />the Lessor's interest in this Lease, and the: rents and other <br />I-1 <br />
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