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  <br />5 <br />  Version Oct 13, 2022 <br /> <br />“Clay County Commission” means the Clay County Commission, which is the <br />Governing Body of Clay County. <br /> <br /> “Clay County Member” means the two (2) individual members of the Clay County <br />Commission appointed by the Clay County Commission to serve on the RRRDC Authority Board. <br /> <br />“Code” means the Internal Revenue Code of 1986, as amended from time to time, and all <br />rules and regulations from time to time promulgated thereunder. <br /> <br />“Congress” means the Congress of the United States of America. <br /> <br />“Debt Obligation” means any loan, note, bond, or other security instrument issued by one <br />or more of the Member Entities to provide either temporary or permanent financing of the Dispatch <br />Center or any approved acquisition by the Dispatch Center. <br /> <br />“Debt Obligation Fund” means the Debt Obligation Fund created by Section 10.04 of <br />this Agreement. <br /> <br />“Defaulting Member Entity” means any Member Entity that is deemed to be in Default <br />pursuant to Section 21.04 of this Agreement because such Member Entity did not have a Rational <br />Basis for refusing to undertake and complete a Requested Dispatch Center Action. <br /> <br />“Assistant Director” means a position of the Red River Regional Dispatch Center <br />Authority created by Section 14.03 of this Agreement. <br /> <br />“Effective Date” means _________ ___, 2022. <br /> <br />“Event of Default” means the occurrence of any event or the existence of any condition <br />that, with the giving of notice, the passage of time, or both, would constitute an event of default <br />under the terms of this Agreement. <br /> <br /> “Director” means the Chief Administrative Officer of the Red River Regional Dispatch <br />Center Authority. <br /> <br />“Dispatch Center” means the RRRDC dispatching facility located at 300 NP Avenue, <br />Fargo, North Dakota, or any additional or alternative facility or facilities for dispatching activities <br />to be acquired, constructed, leased or used as dispatching facilities as authorized by the RRRDC <br />Authority. <br /> <br />“Dispatch Center Element” means a component or part of the Dispatch Center. <br /> <br /> <br />“Dispatch Center Property” means real property acquired for the Dispatch Center, <br />including, but not limited to, land, rights-of-way, easements, licenses, and leases. <br />