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200806452
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200806452
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Last modified
7/29/2008 3:19:50 PM
Creation date
7/29/2008 3:19:46 PM
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DEEDS
Inst Number
200806452
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<br />200806452 <br /> <br />(b) secuntIes issued or directly and fully guaranteed or insured by the <br />United States government or any agency or instrumentality of the United States <br />government (provided that the full faith and credit of the United States is pledged in <br />support of those securities) having maturities of not more than one year from the date of <br />acquisition; <br /> <br />(c) deposit accounts with any bank that has a long-term debt rating of A+ or <br />better by S&P and Al or better by Moody's (an "Approved Bank"); <br /> <br />(d) time deposits, certificates of deposit, acceptances or prime commercial <br />paper issued by an Approved Bank at the time acquired or issued (as applicable and <br />whichever is latest), in each case, having a maturity of not more than one year from the <br />date of acquisition; <br /> <br />(e) repurchase obligations for underlying securities of the types described in <br />clause (b) entered into with an Approved Bank at the time acquired, issued or entered into <br />(as applicable and whichever is latest), in each case, having a maturity of not more than <br />one year from the date of acquisition and secured by securities of the type described in <br />clause (b), the market value of which (including accrued interest) is not less than the <br />amount of the applicable repurchase agreement; <br /> <br />(f) commercial paper with a rating of A-I by S&P and P-l by Moody's and, <br />in each case, maturing within one year after the date of acquisition; and <br /> <br />(g) money market funds which invest primarily in Cash Equivalents of the <br />kinds described in clauses (a) through (f) of this definition. <br /> <br />"City Council" shall mean the duly elected City Council of the Issuer. <br /> <br />"Code" shall mean the Internal Revenue Code of 1986, as amended, and the rulings and <br />regulations (including temporary and proposed regulations) promulgated thereunder or, to the <br />extent applicable, under the Internal Revenue Code of 1954, as amended. <br /> <br />"Commercial Operation" shall mean when used with respect to the Facility, the placing <br />into service of such Facility for the production of the outputs for which it was designed at its <br />design capacity. <br /> <br />"Company" shall mean Microgy Grand Island, LLC, a Nebraska limited liability <br />company, and its successors and assigns as permitted by Section 8.02 hereof. <br /> <br />"Company Agreements" shall mean this Agreement, the Sublease, the Tax Regulatory <br />Agreement, the Site Lease, the Biogas Agreement and the Pledge Agreement. <br /> <br />"Completion Certificate" shall mean a certificate of the Authorized Company <br />Representative to the effect stated in Section 4.04(b) hereof. <br /> <br />4834-8191-0786.7 <br /> <br />6 <br />
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