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• ARTICLE I Definitions and Rules of Construction Section 1.01. Definitions. As used in this Indenture, the following terms shall have the following meanings, unless a different meaning clearly appears from the context: "Act„ means the Florida Industrial Development Financing Act, consisting of Part II of Chapter 159, Florida Statutes, as amended, and all future acts supplemental. thereto or amendatory thereof. "Adjustment Date" means the day after the last day of the Initial Interest Period, the first Business Day of each month thereafter during which the Bonds will bear interest at the Variable Rate, and each Mandatory Tender Date after which the Bonds will bear interest at the Variable Rate. "Administrative Exoenditure" means any expenditures of the Issuer, the Trustee and the Registrar and Paying Agent under this Indenture, the Loan Agreement or the Mortgage not otherwise paid or provided for by the Borrower, and all other expenditures reasonably and necessarily incurred by the Issuer or the Trustee by reason of the financing and refinancing of the Project, including (without limitation) legal, financing and administrative expenses and expenses incurred to compel full and punctual performance of the Loan Agreement or the Mortgage in accordance with the terms thereof. "Agency Obligations" means direct obligation (including bonds, notes or participation certificates) of, or obligations the timely payment of the principal of and the interest on which are unconditionally guaranteed by, any agency or instrumentality of the United States of America. "_'Alternate Credit Facility" means any letter of credit, bond insurance policy, bond purchase agreement, guaranty, line of credit, surety bond or similar credit or liquidity facility meeting the requirements of and delivered to the Trustee in accordance with Section 3.03(b) of the Loan Agreement, as amended, modified or supplemented from time to time. "Authorized Officer" means (i) in the case of the Issuer, the Chairman, or the Vice Chairman of the Board of County Commissioners of the Issuer and any other person set forth in a certificate executed by the Chairman or the Vice Chairman of the Board of County Commissioners of the Issuer and delivered to the Trustee; (ii) in the case of the Borrower, the President, the Vice President or the Secretary of the Borrower and any other person set forth in a certificate executed by the President or the Vice President of the Borrower and delivered to the Trustee; (iii) in the case of NHC, the Senior Vice President of NHC and any other person set forth in a certificate executed by the Senior Vice President of NHC and delivered to the Trustee; and (iv) in the case of the Trustee, the President, any Vice -President, any Assistant Vice - President, any Corporate Trust Officer or any Assistant Corporate Trust Officer of the Trustee, and any other person authorized pursuant to a resolution of the Board of Directors of the Trustee. - 4 -