05.02 - HRA West Grove Townhome Refunding

Home Browse Search

� � ARTICLE I Definitions Section 1.1. Definitions. In this Agreement, all capitalized terms not herein defined shall have the meaning set forth in the Indenture, and unless a different meaning clearly appears from the context: "Act" means 1Vlinnesota Statutes, Sections 469.001 to 469.047, as amended. "Agreement" means this Joint Powers Agreement, as the same may be from time to time modified, amended, or supplemented. "Bonds" means the County HRA's bonds described Exhibit C attached hereto, to be issued by the County HRA pursuant to this Agreement and the Financing Documents. "City" means the City of Pequot Lakes, Minnesota, a municipal corporation and political subdivision of the State and its successors and assigns. "City HR.A" means the Housing and Redevelopment Authority of Pequot Lakes, Minnesota, a public body corporate and politic and political subdivision of the State, and its successors and assigns. . "Closing" means the closing of the Bonds. "County" means Crow Wing County, Minnesota, a municipal corporation and political subdivision of the State, and its successors and assigns. � "County HRA" means the Housing and Redevelopment Authority in and for the County of Crow Wing, a public body corporate and politic and political subdivision of the State, and its successors and assigns. "Event of Default" means an action described listed in Article VI of this Agreement. "Financing Documents" means an Indenture of Trust and other documents relating to the issuance of the Bonds. "Indenture" means the Indenture of Trust between the County HR.A and U.S. Bank National Association as Trustee, dated December l, 2003. "Maturity Date" means the date that the Bonds, and any debt of the County HRA issued to refund the Bonds, have been paid in full in accordance with the terms thereof, and the County has been repaid in full any amounts advanced by the County to pay debt service on the Bonds as provided in Section 3.3 hereof. EMT-238666v5 CR195-4 2