11-14-01 1. INDENTURE OF TRUST - Laserfiche WebLink

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"Bond Counsel"means Faegre&Benson LLP,or any other firm of Independent attorneys nationally recognized as experienced in passing on the validity and tax status of interest on obligations of state or local governments. "Bond Fund" means the fund so named in Section 4.01. "Bond Resolution" means the resolution of the City adopted by the City Council on October 22, 2001, authorizing the Series 2001 Bonds,as the same may be amended,modified or supplemented by any amendments or modifications thereof "Bond Year" means for the Series 2001 Bonds,the twelve-month period beginning on November 1 in any year;provided that the first Bond Year for each Series shall commence on its Date of Issuance,and for any Series of Additional Bonds,the period so designated in the Supplemental Indenture for the Additional Bonds. "Bonds" means any of the Series 2001 Bonds and any Additional Bonds. "Book-Entry Form"means Bonds of any Series that are held in the name of the Depository(or its nominee),with each maturity of the Series evidenced by a single Bond certificate. "Book-Entry System"means a system of record keeping,securities clearance and funds transfer and settlement maintained for securities by the Depository and Participants. "Borrower" means Orono Senior Housing, LLC, a Minnesota limited liability company, its successors and assigns. "Business Day"means any day other than a Saturday, Sunday or a day on which the Trustee is not open for business. "Capital Expenditure"means any costs of a type that is properly chargeable to a capital account(or would be chargeable with a proper election)under general Federal income tax principles. "Certificate" means a certification in writing required or permitted by the provisions of the Loan Agreement or this Indenture signed and delivered to the Trustee or other proper person or persons. If and to the extent required by the provisions of Section 1.02,each Certificate shall include the statements provided for in Section 1.02. "Certified Resolution"means a copy of a resolution of the City Council,certified by the City Clerk to have been duly adopted by the City Council and to be in full force and effect on the date of such certification. "City"means the City of Orono,a Minnesota municipal corporation, its successors and assigns. "City Council"or"Council"means the City Council of the City,or its successor as governing body of the City. - 5 -