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<br />Construction Loan Agreement: the agreement to be executed <br />by the City, the Borrower and the Lender, relating to the dis- <br />bursement and paYment of Project Costs for the construction and <br />installation of the Improvements 7 <br /> <br />Guarantors: collectively, Heco, Inc., Hoffmann Electric <br />Co., and Nu Comp Systems, Inc.7 <br /> <br />Guaranty: the guaranty of the paYment of, among other <br />things, the principal of and interest on the Notes to be <br />executed by the Guarantors as of the date of this Agreement 7 <br /> <br />Improvements: an approximately 75,000 square foot <br />office/warehouse building and all other structures and other <br />improvements, including any tangible personal property, to be, <br />constructed or installed by the Borrower on the Land in <br />accordance with the Plans and Specifications7 <br /> <br />Land: the real property and any other easements and <br />rights described in Exhibit A attached to the Loan Agreement7 <br /> <br />Leases: leases of space in the Project between the <br />Borrower and various tenants, including any amendment thereof <br />or supplement thereto, entered into in accordance with the <br />provisions thereof; <br /> <br />Lender: First National Bank of Minneapolis, in <br />Minneapolis, Minnesota, its successors and assigns; <br /> <br />Loan Agreement: the agreement to be executed by the City <br />and the Borrower, providing for the issuance of the Notes and <br />the loan of the proceeds thereof to the Borrower, including any <br />amendments or supplements thereto made in accordance with its <br />provisions 7 <br /> <br />Mortgage: the Combination Mortgage, Security Agreement <br />and Fixture Financing Statement between the Borrower as <br />mortgagor, to the Lender, as mortgagee, securing payment of the <br />Note and interest thereon including any mortgage supplemental <br />thereto entered into in accordance with the provisions thereof7 <br /> <br />Note: the $1,500,000 Commercial Development Revenue Note <br />of 1982, Series A (Heco, Inc. Project) and the $l,500,OOO <br />Commercial Development Revenue Note of 1982, Series B (Heco, <br />Inc. Project) to be issued by the City pursuant to this <br />Resolution7 <br /> <br />Note Register: the records kept by the City Manager to <br />provide for the registration of transfer of ownership of the <br />Notes7 <br /> <br />2 <br />