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1983-102
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1983-102
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Last modified
3/28/2023 3:08:25 PM
Creation date
3/28/2023 3:04:57 PM
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Resolutions
Resolution Number
1983-102
Approved Date
10/19/1983
Subject
Providing for the financing of the acquition construction & equipment of a
120 Bed Nursing Home Facility located on 37th Street, Providing for Industrial
Development Revenue Bonds (Florida Health Facilities Project)
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"Person" shall mean an individual, a corporation, a <br />p~r~n~rship, 3n association, a joint stock company, a trust, any <br />u:\inc0rporated organization or a government or political sub- <br />livlsL0n thereof. <br />"Plans and Specifications" shall mean the plans and <br />sp~c1fications prepared for the Project, cer tified by an <br />,\utl\oril.1?..I Oorrower Representative and filed with the Trustee <br />.it the d,1te of issuance of the Bonds, as the same may be revised <br />from r.1.:ne to time prior to the Completion Date in accordance with <br />5ecc.Lm J. 2 of the Agreement. <br />"Prime Rate" shall mean the interest rate per annum then <br />4uot~d :)y i3arnatt llank of Central Florida, N.A., Orlando, <br />E-'loci.i.a, 1s its prime rate on commercial loan s in effect from <br />ti::il! t..o ti:ne, computed on a daily basis. <br />"Project" shall mean, collectively, the nursing home <br />i~provcments to be located at the Project Site, to be acquired, <br />c,nstr~ctdJ and equipped pursuant to the Loan Agreement and this <br />InJentuc~, including and any Project Additions. <br />''Project Additions" shall mean any additions, e,cpansions <br />.:inJ ::1odiiications to the Project financed with the rroceeils of <br />the $3l e of Additional Bonds, <br />"Proj~ct Fund" shall mean the fund cre~ted by Sec tion .,.2 he,eot , <br />"P,oject Site" shall tnean the real property descc-ibed in <br />i::xhi,,it "C" to thi s Agreement. <br />"Rede,nption l\ccount" shall mean the account established <br />under this indenture as part of the OonJ Fund to provide for the <br />manJatoC'y c-edemrtion or payment of the Bonus. <br />"Redemption Date" shal l mean the date fixed for redemp- <br />tion of Jonds subject to reuemption in any notice of such c-edemp- <br />tion Jiascminated in accordance with this Indentuce. <br />"Hedemption Price" shall mean the price at which the <br />!lo:'\J::J ::\uY be call.:!<l for redemption an<.1 includes the unpi\i1l ~rin- <br />cipal .1mount of the Oond or Bonds to be redf!emed, accrued <br />inr.eresr. thereon to the Redemption D.1te, plus the pre1nium, if <br />any, re~uired to be raid to effect s uch redemption by the terms <br />of this lndenture. <br />"~evenues" shall ,11et111 c1ll 1,o an Payments o r other <br />p,J.yr:\ents by th e narrower to t he 'l'c-u s tee <:>I." the Issuer under the <br />-19-
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