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1987-139
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1987-139
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Last modified
9/2/2022 9:33:01 AM
Creation date
9/1/2022 9:39:10 AM
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Resolutions
Resolution Number
1987-139
Approved Date
11/24/1987
Resolution Type
INDUSTRIAL DEVELOPMENT REVENUE REFUNDING BONDS
Subject
financing the acquisition of a Health Care Facility by Fl. Convalescent Centers, Inc.,
consisting of an 91-bed Nursing Home providing for issuance by ORC
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40 <br />"Trustee" means Third National Bank in Nashville, a national banking <br />association, organized and existing under the laws of the United States of <br />America, and its successors, and any other corporation that may at any time be <br />substituted in its place in accordance with the Indenture. <br />Section 1.02. Rules of Construction. Unless the context clearly <br />indicates to the contrary, the following rules shall apply to the construction of <br />this Loan Agreement: <br />(a) Words importing the singular number include the <br />plural number and words importing the plural number include <br />the singular number. <br />(b) Words of the masculine gender include correlative <br />words of the feminine and neuter genders. <br />(c) The headings and the table of contents set forth in <br />this Loan Agreement are solely for convenience of reference <br />and shall not constitute a part of this Loan Agreement nor <br />shall they affect its meaning, construction or effect. <br />(d) Words importing persons include any individual, <br />corporation, partnership, joint venture, association, joint <br />stock company, trust, unincorporated organization or <br />government or agency or political subdivision thereof. <br />(e) Any reference to a particular percentage or <br />proportion of the Holders of Bonds shall mean the Holders at <br />the particular time of the specified percentage or proportion <br />in aggregate principal amount of all Bonds then Outstanding <br />under the Indenture except Bonds held by the Issuer or the <br />Borrower (whether or not theretofore issued and whether held <br />in the treasury of the Issuer or the Borrower or pledged to <br />or by the Issuer or the Borrower to secure any <br />indebtedness); provided, however, that Bonds so pledged may <br />be regarded as Outstanding for the purposes of this,paragraph <br />if the pledgee shall establish to the satisfaction of the <br />Trustee the pledgee's right to vote on such Bonds. For the <br />purposes of this paragraph, Credit Facility Bonds shall not <br />be deemed to be held by or for the account of the Borrower or <br />the Issuer. <br />(f) Any reference to the Revenue Fund, Debt Service <br />Fund, the Interest Account, the Principal Account, the <br />Purchase Account, and the Rebate Fund shall be to the fund or <br />account so designated that is created under Section 4.01 of <br />the Indenture. <br />- 8 - <br />
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