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_.. <br />"Independent Counsel" means an attorney: duly. admitted to <br />practice taw before the highest court of any st«te or the <br />District-of Columbia and who: is rot a full-time employee:,. <br />direr or or shareholder of issuer or Company. <br />'°Interest Rate"-means the rate of interest to be charged <br />on the,~rnciDai amount. on the Bonds from time to time out- <br />standing, .determined «s set forth h Section 2.02 hereof and <br />in the Bonds. <br />"Issuer" means The County of Hail, Nebraska, a body` <br />politic and corporate. duly organized and existing'«s a county <br />under the Constitution and laws of the State; and its <br />successors and assigns. <br />"Issuer Representative" ;nezns the person or persons at <br />the. time desigr_ated to act on behalf of Issuer by written <br />certificate furr_ished ~o Company. ar_d '?'rustee cor_tairing the <br />specimen signatures of such Hereon or persons and'signed`on <br />behalf of Issuer by-its du1~ autho_ized agent- <br />"Late..Paymer_t Rate"-means a-.rate. per annum equal to one <br />and .one-half percentage points in excess of the t:~en carrent <br />interest ?late. <br />"Net Proceeds," when used with respect to any-insurance <br />proceeds from policies required. by Section S.6 of the _Sgree- <br />ment or any condemnation award,' means the amount remaining <br />after deducting all expenses '(including attorneys' fees) <br />incurred in the collection of such proceeds or award from the <br />gross. proceeds hereof. <br />"Original Purchaser",means Omaha tiational Bank. <br />41Outstanding"'' or "Bor_ds Outstanding" means all Bonds <br />which have been authenticated and delivered by T.~ustee under <br />the:Znderture, except <br />(a) Bonds-canceled after purchase in the opera <br />market or because os":payment at or redemption prior ~o <br />maturity; <br />,(b) Bonds paid_or deemed to be paid pursuant to <br />'Article VLZ'I of the.Znderture; and <br />(c) Bands in lieu of which others have .beer... <br />auther_ticated under Sector. 2.07 or Section 2:08 of the <br />indenture, <br />_;_ <br />L.~ <br />