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

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"Monthly Net Project Revenues"means as of any Deposit Date for any calendar month,all Project Revenues received during the period from and including the last Deposit Date to but not including the current Deposit Date,less all Operating Expenses incurred(or if permitted herein,accrued)in such period exclusive of(a)Ordinary Trustee Fees and Expenses,(b)amounts due as real or personal property taxes or assessments on any portion of the Project Facilities, (c)amounts due as insurance with respect to the Project Facilities or its operations, (d)amounts required in such month to be deposited in the Repair and Replacement Fund or the Taxes and Insurance Fund,(e)interest due on Subordinated Debt,and(f)any items payable from the Repair and Replacement Fund,the Project Fund or the Insurance and Award Fund). "Monthly Repair and Replacement Deposit"means for each month the amount of$775(one-twelfth (1/12)of the product of$150 multiplied by the number of Project units(62)). "Monthly Taxes and Insurance Deposit"means for each month one-twelfth(1/12)of one hundred percent(100%)of the amount set forth from time to time in the Budget(as defined in the Loan Agreement) for the current calendar year for (i) annual premiums on all insurance required to be maintained by the Indenture and (ii) real estate taxes (or payments in lieu of such taxes), assessments or other charges for governmental services with respect to the Project Facilities for the current year(exclusive of utility charges); provided that during the calendar year in which the Completion Date occurs,credit shall be given against the earliest deposits otherwise due for amounts deposited in the Taxes and Insurance Fund on the Date of Issuance of the Series 2001 Bonds. "Monthly Transfer Date"means,with respect to each calendar month,the 20th day of the month,or if such day is not a Business Day,the Business Day next following. "Mortgage"means the Combination Mortgage; Security Agreement, Fixture Financing Statement and Assignment of . l:11 . , o . , ,, .. . •' . •.• - - i , . . • .. - ••• . I all aiiiri,dmein3 and supplcment5 tl►ertto. Rents and Leases, dated as of November 1, 2001, from the Borrower to the City and as assigned to the Trustee as security for the Senior Bonds. "Mortgage Assignment"means the Assignment of Mortgage of even date herewith from the City to the Trustee, assigning the City's rights in the Mortgage and the Subordinate Mortgage to the Trustee. "Net Proceeds"means,when used with respect to proceeds of insurance or a condemnation award, moneys received or receivable by the Borrower as owner or the Trustee as secured party of the Project Facilities, less the cost of recovery(including attorneys' fees)of such moneys from the insuring company or the condemning authority. "Net Revenues Available for Debt Service" means, for any period, the excess of Gross Revenues over Operating Expenses. "Net Revenues Available for Subordinate Debt Service"means at any time,amounts then on deposit in the Suberdinatvd Subordinate Debt Service Account of the Bond Fund. - 10 -