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2020_0518_CCPacket
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2020_0518_CCPacket
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Roseville City Council
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Council Agenda/Packets
Meeting Date
5/18/2020
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Attachment B <br />Fund, and with respect to the Cost of Issuance Fund, the requisition in the form of Exhibit D to <br />this Funding Loan Agreement required to be submitted in connection with disbursements from the <br />Cost of Issuance Fund. <br />ÐResolutionÑ means the resolution adopted by the Governmental Lender on May 18, 2020, <br />authorizing the Funding Loan, the Project Loan and the execution and delivery of the Financing <br />Documents to which it is a party. <br />ÐResponsible OfficerÑ means, when used with respect to the Fiscal Agent, any officer <br />within the corporate trust department of the Fiscal Agent, including any vice president, assistant <br />vice president, assistant secretary, assistant treasurer, trust officer, or any other officer of the Fiscal <br />Agent who customarily performs functions similar to those performed by the persons who at the <br />time shall be such officers, respectively, or to whom any corporate trust matter is referred because <br />of such personÓs knowledge of and familiarity with the particular subject and who shall have direct <br />responsibility for the administration of this Funding Loan Agreement. <br />ÐRevenue FundÑ means the Revenue Fund established by the Fiscal Agent pursuant to <br />Section 4.01 hereof. <br />ÐRevenuesÑ means (a) all payments made with respect to the Project Loan pursuant to the <br />Project Loan Agreement, the Project Note or the Security Instrument, including but not limited to <br />all casualty or other insurance benefits and condemnation awards paid in connection therewith and <br />all payments obtained through the exercise of remedies under the Financing Documents, and (b) all <br />money and securities held by the Fiscal Agent in the funds and accounts established pursuant to <br />this Funding Loan Agreement (excluding money or securities designated for deposit into and held <br />in the Cost of Issuance Fund, the Administration Fund and the Rebate Fund), together with all <br />investment earnings thereon. <br />ÐSecurity InstrumentÑ means, collectively and each being in form and substance <br />satisfactory for recordation in the official real property records (inclusive of any so-called ÒTorrens <br />FilingsÓ) of Ramsey County, Minnesota, (i) the Mortgage, Security Agreement and Fixture <br />Financing Statement, dated as of the date hereof, by the Borrower, granting a first priority <br />mortgage and security interest in the Project to the Governmental Lender to secure the repayment <br />of the Project Loan and related obligations, and (ii) the Lease Assignment, which Security <br />Instrument has been assigned by the Governmental Lender to the Fiscal Agent pursuant to the <br />Assignment as security for the Funding Loan, as the same will be amended and restated into the <br />form attached to the Construction Phase Financing Agreement upon the occurrence of the <br />Conversion Date, as the same may be further amended, supplemented or restated. <br />ÐS&PÑ means S&P Global Ratings, and its successors and assigns, if such successors and <br />assigns continue to perform the services of a securities rating agency. <br />ÐServicerÑ means any entity appointed by the Funding Lender Representative to service <br />the Loans and any successor in such capacity as appointed by the Funding Lender Representative <br />pursuant to Section 3.02 of the Project Loan Agreement. During the Construction Phase, the <br />Servicer shall be Greystone Servicing Company LLC as servicer under the Servicing Agreement. <br />During the Permanent Phase, the Servicer shall be the Freddie Mac Seller/Servicer. <br /> 15 <br />12502516v3 <br /> <br />
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