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~~S tate" means the State of Minnesota. "Tax Exempt Obligations" means Tax Increment Bonds as to which the interest is not includable in gross income for federal income tax purposes. ~~Tax Increment" means that portion of the real property taxes paid with respect to the Redevelopment Property which is remitted to the City as tax increment pursuant to the Tax Increment Act. "Tax Increment Act" means the Tax Increment Financing Act, Minnesota Statutes, Sec. 469.174 et seq., as amended. "Tax Increment Bonds" means the tax increment revenue bonds described in Section 4.7. "Tax Increment District" means a Tax Increment Financing Distlict, which will include the Redevelopment Property, created by the City within Development District No. 1 pursuant to the Tax Increment Act. "Tax Increment Note" has the meaning given to that term in Section 4.6. "Tax Increment Plan" means the Tax Increment Financing Plan adopted for the Tax Increment District. "Termination Date" means the expiration date of this Agreement set forth in Article X. "Unavoidable Delays" means unexpected delays which are the direct result of adverse weather conditions, shortages of materials, strikes, other labor troubles, fire or other casualty to the Minimum Improvements, the Redevelopment Property or the equipment used to construct the Minimum Improvements, acts or war or terrorism, litigation or administrative appeals commenced by third parties which by injunction, other judicial or administrative action directly results in delays, or acts of any federal, state or local governmental unit other than those provided for under this Agreement or any other cause or force majeure beyond the control of Redeveloper which directly results in delays. "Underwriter" means an investment banking firm selected by the City after consultation with the Redeveloper. 6