10-25-01 11. DISBURSING AGREEMENT

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all investment earnings thereon, on deposit from time to time in the Construction Account. "Completion Date"means the date of actual completion of the Project, as certified by the Borrower pursuant to Section 3.10 of the Loan Agreement, such date being anticipated by the Borrower to occur on or before November 1,2002. "Construction Contract"means the contract between the Borrower and the General Contractor for the construction of the Project. "Construction Account"means the fund created pursuant to 4.01 of the Indenture. "Contractor"means the General Contractor or any Subcontractor. "Costs of Issuance"means the Costs of Issuance defined in the Loan Agreement. "Disbursing Agent"means "Draw Request"means the form to be submitted to the Trustee and the Disbursing Agent when a disbursement is requested and which is referred to in Section 3.01 hereof and attached as Exhibit A hereto. "Drawings and Specifications"means the final drawings and specifications prepared by the Architect for construction and installation of the Project or any discrete portion thereof. "General Contractor"means "Indenture"means the Trust Indenture of even date herewith between the City and the Trustee. "Inspecting Architect"means "Land"means the land in the City upon which the Project is located. "Loan Agreement"means the Loan Agreement of even date herewith between the City and the Borrower. "Project Costs"means the Project Costs defined in the Indenture. "Manager"means Great Lakes Management Incorporated, a Minnesota corporation. "Mortgage"means the Combination Mortgage, Security Agreement, Fixture Financing Statement and Assignment of Leases and Rents of even date herewith from the Borrower to the City and assigned to the Trustee. "Management Contract"means the Management Agreement between the Borrower and the Manager delivered in connection with the issuance of the Bonds.