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

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"Event of Default" means an Event of Default described in Section 7.01 of this Indenture that has not been cured. "Event of Nonpayment"means,with respect to Subordinated Debt,any nonpayment when scheduled of any amount of principal or interest thereon. "Government Obligations"means direct obligations of the United States of America for the payment of which the full faith and credit of the United States of America is pledged,the payment of the principal of, premium, if any, and the interest on which is fully guaranteed as a full faith and credit obligation of the United States of America(including any securities issued or held in book-entry form on the books of the Treasury of the United States of America). "Gross Revenues"means,for any period,(i)all Project Revenues,(ii)all investment income of the Borrower or on amounts held by the Trustee(other than in the Project Fund or the Rebate Fund)under the terms of this Indenture, (iii) all contributions to the Borrower that are available to pay all principal and interest on all Indebtedness of the Borrower and all Operating Expenses, (iv)all Tax Increment Revenues received from the City under the Tax Increment Note or from any other source, and (v) all other non- operating income of the Borrower,excluding unrealized gains on investments,income from the forgiveness of Indebtedness,proceeds of any borrowing,proceeds from the sale of any asset not occurring in the ordinary course of business, and any item of an extraordinary or nonrecurring nature. "Ground Lease"means the Ground Lease between the Borrower and the HRA,dated as ofNovember 1,2001,by which the HRA has conveyed a leasehold interest in the Land to the Borrower. II, "Holder," "Bondholder" or"owner"whenever employed herein with respect to a Bond means the person in whose name such Bond shall be registered. "HRA" means the Orono Housing and Redevelopment Authority. "Indebtedness"means the same as such term is defined in the Loan Agreement. "Indenture"means this Indenture of Trust between the City and the initial Trustee,and including any amendments or supplements thereto. "Independent," when used with reference to an attorney, engineer, architect, certified public accountant,consultant or other professional person,means a person who(i)is in fact independent,(ii)does not have any material financial interest in the Borrower or the transaction to which such person's Certificate or opinion relates(other than payment to be received for professional services rendered),and(iii)is not an officer,director or employee of the City or the Borrower. "Independent Counsel" means an Independent attorney duly admitted to practice law before the highest court of any state. "Interest Payment Date" means for all Series 2001 Bonds, May 1 and November 1 of each year, beginning May 1, 2002, and for any Additional Bonds, the dates established for the regularly scheduled payment of interest thereon in any Supplemental Indenture for the Additional Bonds. - 8 -