Approving Economic Development Bonds - South Bend Forge Inc

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on behalf of the bondholders, under which the Guarantor unconditionally guarantees for the benefit of the holders of the Series 1980 Bonds, the full and prompt payment of principal of and premium, if any, and interest on the Series 1980 Bonds. "First Supplemental Indenture" shall mean the First Supplemental Trust Indenture, dated as of May 1, 1980, by and between the Issuer and the Trustee, including this Series 1980 Bond Legislation as a part thereof, amending and supplementing the Indenture. "First Supplemental Mortgage" shall mean the First Supplemental Mortgage and Security Agreement dated as of May 1, 1980, from the Company to the Issuer and assigned by the First Supplemental Indenture, amending and supplementing the Mortgage. "Interest Payment Date" means, as to the Series 1980 Bonds, the first day of May, August, November and February of each year during which the Series 1980 Bonds are outstanding under the provisions of the Indenture, commencing August 1, 1980. "Original Purchasers" means, as to the Series 1980 Bonds, American Securities Bank N.A. "Project Purpose" means, as to the Series 1980 Project, a manufacturing facility to be used as a hot forging press facility. "Series 1980 Bond Legislation" means this Ordinance, as the same may be amended, modified or supplemented by any amendments or modifications hereof and supplements thereto. "Series 1980 Bonds" means the $3,000,000 aggregate principal amount of economic development revenue bonds designated "Economic Development First Mortgage Revenue Bonds, Series 1980 (South Bend Forge, Inc. Project) (ABS Industries, Inc. - Guarantor) ". "Series 1980 Construction Fund" means the trust fund created as a separate account by Section 6 hereof for the deposit of the proceeds of the Series 1980 Bonds.