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40 <br />"Fixed Rate Period" means a period commencing on or after <br />19$ and established in accordance with Section 2.03 of the Indenture during <br />which the rate of interest borne by the Bonds (other than Credit Facility Bonds) <br />is not subject to change. <br />"Indenture" means the Indenture of Trust dated as of 198_, <br />between the Issuer and the Trustee, as amended, modified or supplemented from <br />time to time by Supplemental Indenture. <br />"Independent Counsel" means any attorney or attorneys duly admitted to <br />practice law before the highest court of any state who have regularly engaged in <br />the practice of law as their primary occupation for at least five years and who <br />are not officers or full-time employees of the Issuer or the Borrower. Bond <br />Counsel may be deemed Independent Counsel. <br />"Independent Public Accountant" means an individual, partnership or <br />corporation engaged in the accounting profession, either entitled to practice, or <br />having members or officers entitled to practice, as a certified public accountant <br />under the laws of the State and in fact independent. <br />"Interest Payment Date" means the first Business Day of each month <br />through , 198_ and thereafter (i) for any period during which the <br />Bonds bear interest at the Variable Rate, the first Business Day of each month, <br />each Mandatory Tender Date and the maturity date of the Bonds, (ii) for any Fixed <br />Rate Period of fewer than six months, the day following the last day of such <br />Fixed Rate Period, (iii) for any Fixed Rate Period of six months or longer (other <br />than any such Fixed Rate Period that is described in item (iv) of this <br />paragraph), the first day of the calendar month beginning each six calendar month <br />period after the commencement of such Fixed Rate Period that occurs during such <br />Fixed Rate Period and the day following the last day of such Fixed Rate Period <br />and (iv) for any Long Fixed Rate Period extending to the maturity date of the <br />Bonds, each January 1 and July 1. <br />"Issuer" means Indian River County, Florida and its successors and <br />assigns. <br />"Loan Agreement" means this Loan Agreement, as amended, modified or <br />supplemented from time to time. <br />"Loan Year" means a period of twelve (12) consecutive months beginning <br />on January 1 in any calendar year in which Bonds are Outstanding and ending on <br />December 31 of such calendar year. <br />"Mandatory Tender Date" means each Conversion Date and any Termination <br />Date. <br />"Mortgage" means the mortgage instrument dated as of <br />198_ pertaining to the Project executed and delivered by the Borrower to the <br />Trustee and the initial Credit Facility Provider, as amended, modified or <br />supplemented from time to time. <br />6's <br />