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(b) Donds for the payment of which cash sh3ll have been theretofore deposited with the Trustee in an amount equal to Lhe principnl amount thereof and interest thereon to maturity; (c) Oonds for the redemption of which cash shall have been theretofore deposited with the Trustee in an amount equal to the unpaid principal thereof and the premium, if any, and interest thereon to the date of such redemption; provided , that notice of such redemption shall have been given as required in this Indenture or provision satisfactory to the Trustee shall have been made therefor; (d) Bonds otherwise deemed to be paid as provided in Section 12.l hereof; and (e} Bonds in lieu of or in substitution for which other aonds shall have been authentic~ted and delivered pursuant to Article II hereof, Where the holders of a certain percentage of Oonds are required to take or to consent to any action taken hereunder, Dando which are owned by the Oorrower, Affiliates of the Borrower or the Issuer shall be disregarded and ueemed not to be Outstanding for the purpose of any such determination, "Payin; Agent" shall mean any paying agent for the nonds (and may include the Trustee) and its successor or successors appointed pursuant to the provisions of this Indenture, "Payment," "Loan Payment" or "pay;nents {or prepayments) upon the Loan (or the Note)" shall mean those installments payable to the Issuer pursuant to Sect.ion 4.2 of the Agreement, "Permitted Encumbrances" shall mean as of any particular time, (a) liens for ad valorem taxes permitted to exist as pro- vided in the Agreement or not then delinquent; (b) this Indenture anu the l\greement; (c) utility, access or othor easements and rights-of-way, party walls, :lgreements with respect to common use of utilities and restrictions and exceptions th~t may be granted or are permitted under the Agreement; (J) any mechanics', laborers', materialmen's, suppliers' or vendors' lien or right 0r pLtrchase money security interest if pay:nent. is not yet ;lue and payable under the contract in question; (a} such subordinate, junior and secondary encumbrances as are expressly permitt~l b y this Indenture; and (f) such minor defects, irregularities, encumbrances, easements, rights-of-\~ay urlLl clouds on t.itli.? as normally exi::;t witJ1 property siiniLtr i.n ch.:ir:ictcr to th0 Project real property .:1s do not ;nateri.-illy impair the use of the Project for the purpose for which it was acquire~!. -18-