Laserfiche WebLink
"Legislative Authority" means the Common Council of the Issuer. <br />"Loan" means the loan by the Issuer to the Company of the proceeds <br />from the sale of the Project Bonds. <br />"Loan Payments" means the amounts required to be paid by the <br />Company pursuant to the provisions of Section 4.1 of the Agreement in <br />repayment of the Loan. <br />"Mortgage" means the Mortgage and Security Agreement, dated as of <br />July 1, 1979, executed and delivered by the Company to the Issuer and <br />assigned by the Indenture to the Trustee, as the same may be duly amended, <br />modified or supplemented from time to time in accordance with the provisions <br />thereof. <br />"Original Purchasers" means, as to the Project Bonds, Morgan Guaranty <br />Trust Company of New York, New York, New York, National City Bank, Cleveland, <br />Ohio, Central National Bank of Cleveland, Cleveland, Ohio, First Bank and <br />Trust Company of South Bend and Farmers Bank and Trust Company of Ashtabula, <br />Ohio and as to Additional Bonds the person or persons identified as such <br />in the applicable Bond Legislation providing for the issuance of such <br />Additional Bonds. <br />"Outstanding Bonds" or "Bonds outstanding" or "outstanding" as <br />applied to Bonds, means, as of any date, all Bonds which have been <br />authenticated and delivered by the Trustee under the Indenture except: <br />(a) Bonds surrendered for and replaced upon exchange <br />or transfer, or cancelled because of payment or <br />redemption prior to maturity, at or prior to such <br />date; <br />(b) Bonds for the payment, redemption or purchase for <br />cancellation of which sufficient moneys have been <br />deposited prior to such date with the Trustee (whether <br />upon or prior to the maturity or redemption date <br />of any such Bonds), or which are deemed to have been <br />paid and discharged pursuant to the provisions of <br />the Indenture; provided that if such Bonds are to <br />be redeemed prior to the maturity thereof, notice <br />of such redemption shall have been given or <br />arrangements to the reasonable satisfaction of the <br />- 7 - <br />