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1994-06-21 Minutes
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1994-06-21 Minutes
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ARTICLE I <br />DEFINITIONS <br />Section 101. Definitions. In addition to the words and <br />terms defined elsewhere in this Indenture, the following words and <br />terms as used herein shall have the following meanings unless the <br />context or use indicates another or different meaning or intent. <br />amended. <br />"Act" means Indiana Code 36-7-14.5 as from time to time <br />"Adjustable Long Mode" means any Adjustment Period during <br />which the Rate Determination Date and Rate Change Date for each <br />Rate Period therein (which shall have a duration of 30 days or <br />more) shall be designated by the Authority pursuant to Section 601 <br />hereof. <br />"Adjustable Long Rate" means, for each Rate Period within <br />an Adjustable Long Mode applicable to a Bond, a fixed per annum <br />interest rate borne by such Bond established pursuant to Section <br />202(c), 601(e) or 602(b) hereof equal to the lowest interest rate <br />which, in the judgment of the Remarketing Agent, would enable such <br />Bond to be remarketed at the principal amount thereof, plus accrued <br />interest thereon, if any, on the Rate Change Date for such Rate <br />Period. <br />"Adjustment Date" means (a) the Closing Date, (b) any <br />date which is the first day of an Adjustment Period designated by <br />the Remarketing Agent in the manner set forth in Section 601 <br />hereof, (c) any Substitute Adjustment Date designated by the <br />Authority in the manner set forth in Section 602 hereof and (d) any <br />proposed Conversion Date designated by the Authority in the manner <br />set forth in Section 603 hereof. <br />"Adjustment Period" means, with respect to each Bond, <br />each period commencing on an Adjustment Date for such Bond to and <br />including Maturity thereof or the day immediately preceding the <br />immediately succeeding Adjustment Date for such Bond, during which <br />period such Bond shall operate in one type of Mode. <br />"Affidavit of Project Completion" means the affidavit set <br />forth on AIA Form No. G704 filed with the Trustee by the Authority <br />pursuant to Section 302 of this Indenture. <br />"Alternate Credit Facility" means a credit facility <br />(other than (a) the Initial Credit Facility or (b) a Renewal Credit <br />Facility), including, without limitation, a letter of credit of a <br />commercial bank or a credit facility from a financial institution <br />(including a United States branch of a foreign bank), or a <br />combination thereof, which provides security for payment of the <br />principal of and interest on the Bonds when due (referred to in <br />4 <br />
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