1. MIDA Bond Sisters of Presentation

"Governmental Obligations" means direct general obligations of, or obligations the timely payment of the principal of and interest on which is unconditionally guaranteed by, the United States of America. "Improvements" means any additions, enlargements, improvements, extensions or alterations to the Facilities as they then exist (other than the Project), and any fixtures or equipment acquired, constructed or owned by the Corporation and located in the Facilities. "Issuance Expenses" means any and all costs and expenses relating to the issuance, sale and delivery of the Bonds, including, but not limited to, Lender's discount or origination fee, all fees and expenses oflegal counsel, financial consultants, feasibility consultants and accountants, any fee to be paid to the Issuer, the preparation and printing of this Loan Agreement, the Resolution, the Bonds and all other related closing documents, and all other expenses relating to the issuance, sale and delivery of the Bonds and any other costs which are treated as "issuance costs" within the meaning of Section 147(g) of the Code. "Issuer" means Cass County, North Dakota, its successors and assigns. "Lender" means Wells Fargo Brokerage Services, LLC, Minneapolis, Minnesota, or any successor Lender at the time serving as such under the Resolution. "Loan Agreement" means this Loan Agreement executed by and between the Issuer and the Corporation as the same may be amended from time to time. "Net Proceeds" means with respect to any insurance payment or condemnation award, the amount remaining therefrom after payment of all expenses (including attorneys' fees and any extraordinary fee or expense of the Corporation or the Lender) incurred in the collection thereof. "Outstanding Bonds" or "BoJl{ls Outstanding" means the Bonds which have been authenticated and delivered under the Resolution, except: (a) Bonds cancelled by the Lender or delivered to the Lender for cancellation; (b) Bonds for the payment or redemption of which cash or Governmental Obligations shall have been deposited with the Lender (whether on or prior to the maturity or redemption date of any such Bonds); provided, however, that if such Bonds are to be redeemed prior to maturity thereof, notice of such redemption shall have been given or arrangements satisfactory to the Lender shall have been made therefor, or waiver of such notice satisfactory in form to the Lender, shall have been filed with the Lender; and (c) Bonds for which other Bonds have been authenticated and delivered in exchange therefor as provided for in the forms of the Bonds and in Sections 2.6 and 2.7 of the Resolution; provided, however. that for the purpose of determining whether there has been notice to or action by the Holders of the requisite principal amount of Bonds, Bonds 1-3 1.1lV~~1~" 1