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

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security interest in the obligations which are securing such agreement has been granted to the Trustee,(iii)such agreement has been granted to the Trustee,and(iv)such obligations are free and clear of any adverse third-party claims; (e) investment agreements with any nationally or state-chartered bank, financial institution, insurance company or trust company, domiciled in the United States, which has long- term debt obligations rated in one of the two highest rating categories by a Rating Agency; and (f) money market mutual funds invested solely in obligations listed in paragraphs(a), (b)or(c)above; provided that "Investments" shall not include a financial instrument, commonly known as a "derivative," whose performance is derived, at least in part, from the performance of any underlying asset, including, without limitation, futures, options on securities, options on futures, forward contracts, swap agreements, structure notes and participations in pools of mortgages or other assets. "Predecessor Bonds"of any particular Bond means every previous Bond evidencing all or a portion of the same debt as that evidenced by such particular Bond, and for purposes of this definition, any Bond authenticated and delivered under Section 2.07 in lieu of a lost,destroyed or stolen Bond shall be deemed to evidence the same debt as the lost, destroyed or stolen Bond. "Principal Payment Dates" means for any Series the regularly scheduled dates on which principal of the Series is due by maturity or sinking fund redemption;for the Series 2001 Bonds,the Principal Payment Dates are November 1 of each year, commencing on November 1,200_2004. "Principal Period"means for any Series,the period of time from and including a Principal Payment Date(or the Date of Issuance, in the case of a Series prior to the first Principal Payment Date)through and including the day immediately preceding the next Principal Payment Date. "Prohibited Costs" means Costs of Issuance and any costs related to an airplane, skybox or other private luxury box, a facility primarily used for gambling, or a store the principal business of which is the sale of alcoholic beverages for consumption off premises. "Project" means the development,acquisition, construction and equipping on the Land of a single multifamily housing facility designed for senior residents that contains 62 units,all in accordance with the Loan Agreement. • • . I . . . .V . P. . • .' . •• • . ••' . . . . ., . . . . at-any-time: "Project Costs"means any of the following that are not Prohibited Costs,to the extent permitted by the Act: - 13 -