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<br />ARTICLE I <br /> <br />DEFINITIONS <br /> <br />SECTION 1.1. DEFINITIONS. In addition to the words and terms elsewhere defined in this <br />Indenture, the following words and terms as used in this Indenture shall have the following meanings <br />unless the context or use indicates another or different meaning or intent and any other terms defined <br />in the Loan Agreement or Mortgage shall have the same meaning when used herein as assigned them <br />in the Loan Agreement or Mortgage, unless the context or use indicates another or different meaning <br />or intent: <br /> <br />"Act" means Chapter 40-57, North Dakota Century Code, as amended. <br /> <br />"Additional Bonds" means additional bonds issued pursuant to the provisions of Section <br />2.13 hereof. <br /> <br />"Additional Payments" means the sums to be paid by the Company pursuant to Section 4.03 <br />of the Loan Agreement. <br /> <br />"Assignment" means the Assignment of Leases and Rents from the Company to the Trustee <br />dated as of the date hereof as the same may be amended from time to time. <br /> <br />"Basic Payments" means the sums to be paid by the Company pursuant to Section 4.02 of <br />the Loan Agreement. <br /> <br />"Beneficial Owner" means any person who acquires beneficial ownership interest in a Bond <br />held by the Depository. In determining the Beneficial Owner of any Bond, the Trustee and the <br />Paying Agent may rely upon representations made and information given to the Trustee or the Paying <br />Agent by the Depository or its Participants with respect to any Bond held by the Depository in which <br />a beneficial interest is claimed. <br /> <br />"Book Entry Bonds" means that part of the Bonds for which the Depository or its nominee <br />is the Holder. <br /> <br />"Bond" or "Bonds" means the Series 2008 Bonds and any Additional Bonds. <br /> <br />"Bond Counsel" means an attorney or firm of attorneys at law of nationally recognized <br />standing in the field of law relating to exemption from federal income taxation with respect to <br />interest on municipal bonds. <br /> <br />"Bond Fund" means the fund created by Section 5.1 hereof which shall be entitled "Cass <br />County Housing and Healthcare Facilities Revenue Bonds - Bond Fund (Bethany on 420d Project)." <br /> <br />1-1 <br />