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