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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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• <br />the satisfaction of the Trustee the pledgee's right to vote <br />such Bonds. For the purposes of this paragraph, Credit <br />Facility Bonds shall not be deemed to be held by or for the <br />account of the Borrower or the Issuer. <br />(f) Any reference to the Revenue Fund, the Debt <br />Service Fund, the Interest Account, the Principal Account, <br />the Purchase Account, or the Rebate Fund shall be to the fund <br />or account so designated that is created under Section 4.01 <br />of this Indenture. <br />(g) During any period in which no Credit Facility shall <br />be in effect, the provisions of this Indenture and the Loan <br />Agreement that related to the Credit Facility, the Credit <br />Facility Provider and the Credit Facility Agreement shall be <br />of no force and effect. <br />(h) If a Fixed Rate Period is established that extends <br />to the maturity date of the Bonds, commencing on the earliest <br />day on which no Credit Facility Bonds remain outstanding, the <br />provisions of this Indenture that relate to the Remarketing <br />Agent shall be of no force and effect. <br />(i) Any reference contained in this Indenture to the <br />principal amount of any Bond or of any portion of any Bond <br />shall be deemed a reference to 1008 of the principal amount <br />of such Bond or such portion of such Bond (as the case may <br />be). <br />12 <br />
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