1. MIDA Bond-Oak Grove School - Laserfiche WebLink

"Equipment" means all the equipment, fixtures, and personal property acquired with the proceeds of the Bonds and any renewals, replacements, additions, and substitutions thereof. "Event of Default" means any of the events described as such in Section 9.01 hereof. "Facilities" means, the Land and all improvements located on the Land and owned by the Corporation, including the Project and the Equipment. "Fiscal Year" means July 1 through June 30 of the following year, or any other period which constitutes the Corporation's fiscal year from time to time. "Governmental Obligations" means direct general obligations of, or obligations the timely payment ofthe principal of and interest on which is unconditionally guaranteed by, the United States of America. "Improvements" means any additions, enlargements, improvernents, 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 on the Land. "Issuance Expenses" means any and all costs and expenses relating to the issuance, sale and delivery ofthe Bonds, including, but not limited to, Lender's discount or origination fee, all fees and expenses of legal counsel, financial consultants, feasibility consultants and accountants, any fee to be paid to the Issuer, the preparation and printing ofthis 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. "Land" means the real estate described in Exhibit A attached hereto. "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. "Mortgage" means the Mortgage, Security Agreement and Fixture Financing Statement from the Corporation to the Lender dated as of August 1, 2006, as modified by the First Modification of Mortgage, Security Agreement and Fixture Financing Statement dated as of the date hereof between the Corporation and the Lender, as the same may be amended from time to time. 1-3