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1987-139
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1987-139
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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 />of such Qualified Credit Facility and (ii) the effective date of each Alternate <br />Credit Facility that replaces any Credit Facility. <br />;1stee„ 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 this Indenture. <br />"Trusty Estate" means all property, rights and other assets that from <br />time to time may be pledged and assigned to the Trustee under the Granting <br />Clauses of this Indenture. <br />"Variable Rate" means the rate of interest borne by the Bonds during <br />any period commencing after the Initial Interest Period other than a Fixed Rate <br />period, determined from time to time in accordance with Section 2.03 hereof and <br />the Bonds. <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 Indenture: <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 Indenture are solely for convenience of reference and <br />shall not constitute a part of this Indenture nor shall they <br />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 this Indenture, except Bonds held by or for the account <br />of the Issuer or the Borrower (whether or not theretofore <br />issued and whether or not held in the treasury of the Issuer <br />or the Borrower or pledged to or by the Issuer or the <br />Borrower to secure any indebtedness); provided, however, that <br />Bonds so pledged may be regarded as Outstanding for the <br />purposes of this paragraph if the pledgee shall establish to <br />
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