1. MIDA Bond-Essentia Health - Laserfiche WebLink

CASS COUNTY,NORTH DAKOTA RESOLUTION APPROVING THE ISSUANCE AND SALE OF HEALTH CARE FACILITIES REVENUE BONDS, SERIES 2014 (ESSENTIA HEALTH OBLIGATED GROUP),AND AUTHORIZING THE EXECUTION OF DOCUMENTS RELATING THERETO BE IT RESOLVED by the Board of County Commissioners of Cass County, North Dakota, as follows: Section 1. Definitions. The terms used herein, unless the context hereof requires otherwise, have the following meanings, and any other terms defined in the Loan Agreement or the Bond Indenture (both as hereinafter defined) have the same meanings when used herein as assigned to them in the Loan Agreement or the Bond Indenture unless the context or use thereof indicates another or differing meaning or intent: a. Act: Chapter 40-57,North Dakota Century Code, as amended. b. Assignment: the integral assignment by the County to the Bond Trustee of the Obligated Group Note. c. Authorized Officers: the Chairman of the Board and the County Auditor. d. Bank: Wells Fargo Bank, National Association, a national banking association, the original purchaser of the Bonds. e. Board: the Board of County Commissioners, the governing body of the County. f. Bond Counsel: the law firm of Fryberger, Buchanan, Smith& Frederick, P.A. g. Bond Indenture: the Trust Indenture to be entered into between the County and the Bond Trustee, pursuant to which County pledges and grants a security interest in all of its rights, title, and interest in the Loan Agreement (except for certain rights of the County to payment, indemnification and enforcement) and the Obligated Group Note, to the Bond Trustee. h. Bond Trustee: U.S. Bank National Association, a national banking association with an office located in St. Paul, Minnesota, its successors and assigns. i. Bonds: Health Care Facilities Revenue Bonds, Series 2014 (Essentia Health Obligated Group), as further described below. j. Borrower: Essentia Health being (as represented to the County), a Minnesota nonprofit corporation and organization described in Section 501(c)(3) of the Code, the corporate offices of which are located at 502 East Second Street, in Duluth, Minnesota.