1983-102 - Laserfiche WebLink

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reserve system commercial banks; provided, that, except as authorized in clause (h) below, no such money shall be invested in bankers' acceptances or in certificates of deposit of federal reserve system commercial banks with capital and surplus of less than ~20,000,000; (h) bankers' acceptances drawn on and accepted by the Trustee and certificates of deposit issued by the Trustee; or (i) repurchase agreements fully secured by obligations issued or guaranteed as to principal and interest by the United States of America. "Issuer" shall mean Indian River County, li'lorida, a political subdivision of the State. "Loan" shall mean the loan from the Issuer to the Borrower pursuant to this Agreement. "Mortgage" shall mean the mortgage granted to the Issuer by the Borrower pursuant to Section 4.5 hereof, "Net Proceeds," when used with respect to any insurance or condemnation award, shall mean the gross proceeds from the insurance or condemnation award with respect to which that term is used remaining after payment of all reasonable expenses (including reasonable attorneys' fees 3nd any extraordinary fee of the Trustee) incurred in the collection of such gross pro- ceeds. "Note" shall mean that Promissory Note in the form attached hereto as Exhibit "B" given to the Issuer by the Dorrower and any Supplemental Note. "Outstanding," when used with reference to Oonds, shall mean, except as otherwise provided in Article XII of the Indenture, at any date as of which the amount of out9tanding Bonds is to be determined, the aggregate of all Bonds authorized, issued, authenticated and delivered under the Indenture, except: (a) Bonds cancelled or surrendereu to the Trustee for cancellation pursuant to Section 2.11 of the Indenture on or prior to such date; (b) Bonds for the r,ayment of which cash shall have been theretofore deposited with the Trustee in an amount equal to the principal amount thereof and interest thereon to maturity: -7-