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<br />o\vned by or pledged to the Corporation shall be disregarded and not deemed to be Outstanding. <br /> <br />"Payment Date" means (a) the dates required for payment of interest and principal and <br />premium, if any. on the Bonds, i.e., April 24 and October 24 in each year until the Bonds are paid <br />(or provisions made therefor) in accordance with the Resolution, the first Payment Date being <br />April 24, 2007, and (b) for Bonds subject to redemption on any date. the date of such redemption. <br /> <br />"Project" means the renovation and equipping of a six-unit apartment building and related <br />facilities in accordance with the plans. <br /> <br />"Qualified Project Costs" means the costs and expenses of the Project, but specifically <br />excluding costs and expenses for portions of the Facilities to be used for activities constituting <br />unrelated trades or businesses of the Corporation determined by applying section 513(a) of the Code; <br />provided. however, that Issuance Expenses in excess of two percent (2%) of the proceeds of the <br />Bonds shall not be deemed to be Qualified Project Costs. <br /> <br />"Resolution" means the Resolution of the Issuer. adopted October 16,2006. authorizing the <br />issuance of the Bonds. <br /> <br />"Series 2006 Bonds" means the $450,000 principal amount of County of Cass, North <br />Dakota, Multifamily Housing Revenue Bonds (Sisters of the Presentation BVM Project), Series <br />2006. dated as of the date of issuance. <br /> <br />"State" means the State of North Dakota. <br /> <br />"Treasury Regulations" means all relevant regulations and proposed regulations under the <br />Code and any successor provisions to such regulations or proposed regulations. <br /> <br />SECTION 1.02. EXHIBITS. The following Exhibits are attached to and by reference made <br />a part of this Loan Agreement: <br /> <br />(a) Exhibit A: form of Certificate of Requisition: and <br /> <br />(b) Exhibit B: Payment Schedule. <br /> <br />SECTION 1.03. RULES OF INTERPRETATION. <br /> <br />(a) This Loan Agreement shall be interpreted in accordance with and governed <br />by the laws of the State. <br /> <br />(b) The words "herein," "hereof' and "hereunder" and words of similar import. <br />v,:ithout reference to any patiicular section or subdivision. refer to this Loan Agreement as <br />a whole rather than to any particular section or subsection hereof. <br /> <br />1--1 <br />