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<br /> (p) "Demised I'remises " shall mean , as in the Lease , collectivelv tL• e
<br /> Project , including t:he E:: isting Yroperty , and any and all additions , i:��provements ,
<br /> ' extensions , alCerations , machinery , equipr.ient and appiirtenances Chereto and thereof ,
<br /> Whether now er.isting cr to be cons [ ructed , installed or acquired during the term of
<br /> the Lease , except such machinery , equipment and other property oi.med on the date of
<br /> the Lease or hereafter owned by the Company and itemized or ltereafter itemized in
<br /> �:! the Inventory of Property Owned by the Company c�entioned in the Lease .
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<br /> � (q ) "Existing Property" shall mean the co:nmercial facilities utilized f. or
<br /> ' the processing oi popcorn , located near Alda , Nebraska , a11 as more fully described in
<br /> r Bxhibit A attached to and made a part of this Mortgage .
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<br /> � (r ) "Fiscal year" , except as otherwise provided in this Mortgage , sha11
<br /> ,�� mean the period co�unencing on the first day of first day of July oE any year and ending
<br /> -'• on the last day of June of the next year . '
<br /> �; (s ) "Government Obligations " shall mean obligations of , or obligations the
<br /> � '? principal of and the interest on which are unconditionally guaranteed by , the Uni[ed
<br /> `�' States of America.
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<br /> ;_ ( t ) °Lease" sha11 nean the Lease and Agreement dated as of October 1 , 1976 ,
<br /> ,.; between the Village and the Company providing for the leasing of the Dewised Premises i
<br /> � _a by the Village to the Company .
<br /> ; (u ) "�fortgage" or " this Mortgage" shall mean this Mortgage as it may he
<br /> M amended or supplemented from time to time by supplemental Mortgages in accordance
<br /> ; with Article XZ hereof .
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<br /> (v) "Outstanding Bonds " or "bonds then outstanding" shall mean bonds which
<br /> � _ have been authenticated and issued under this Mortgage except :
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<br /> (i) bonds cancelled by the Trustee pursuant to this Mortgage :
<br /> a:
<br /> :i (ii) bonds for the payment or redemption of which moneys equal to the
<br /> , �7' principal amount thereof and the interest to the date of maturity or
<br /> :i redempcion and rede..+�ption premiums , if any , shall be held in trust
<br /> i� for their payment by the Trustee as the Paying Agent , pursuant to
<br /> ;� this Mortgage ; and
<br /> � � (iii) bonds in lieu of which other bonds shall have been authenticated and
<br /> = delivered under Article II .
<br /> (w) "Paying Agents " shall mean the banks or trust conpanies designated by
<br /> the Lessor at which the principal of the bonds (unless registered ) and the iaterest on
<br /> the bonds shall be payable and initially consists only of che Trustee .
<br /> (x) "Principal and Interest Requirements " ior any fiscal year for any bonds
<br /> issued under the Afortgage shall nean the sum of
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<br /> (i) the amount required to pay the interest on such bonds which is payable
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<br /> October 1 , 1977 , and on each April 1 and October 1 thereafter ;
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<br /> (ii) the amount required to pay the principal of such bonds as may be due
<br /> in any fiscal year ; and
<br /> �;' .;�, (iii) the �nortization Requirecaent (or sinking fund payment ) if an} , for
<br /> such bonds as are term bonds ( if any ) for such fiscal year .
<br /> � ' (y ) " Project" shall mean collectively [he acquisition of the Existing Property
<br /> � by the Lessor and the Lessor ' s rehabilitation , improvement , renevation and equipmen [ of
<br /> •`� the Exis [ing Property .
<br /> �� (z ) " Project Manager" shall aean such firm or person , c:ho may be an employee ,
<br /> officer or agent of the Company , as shall be designated by the Company fron time to time
<br /> ` in a written notice to the Lessor and the Trustee , [o perfonn the functions of the
<br /> ' Project rlanager under this Mortgage and shall noc be disapproved in uriting by the , �j
<br /> Lessor or the Trustee . '� � -{ �� � '•
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