2003 RES R-03-03 - Laserfiche WebLink

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16, 1979, December 18, 1979 and June 3, 1986, as the same may be amended from time to time hereafter. "Report" means a document in writing signed by an Independent Consultant or an Independent Accountant, and including: (a) a statement that the person or firm making or giving such Report has read the pertinent provisions of this Loan Agreement to which such Report relates; (b) a brief statement as to the nature and scope of the examination or investigation upon which the Report is based; and (c) a statement that, in the opinion of such person or firm, sufficient examination or investigation was made as is necessary to enable said consultant to express an informed opinion with respect to the subject matter referred to in the Report. "Senior Debt Instrument" means the Loan Agreement for the Cooley Ranch Redevelopment Project Area dated as of April 1, 1998 by and among the Colton Public Financing Authority, the Bonower and U.S. Bank Trust National Association relating to the $32,900,000 Colton Public Financing Authority Tax Allocation Revenue Bonds, Series 1998A and $11,115,000 Colton Public Financing Authority Tax Allocation Revenue Bonds, Series 1998B. "Senior DebY' means the amount outstanding pursuant to the Senior Debt Instrument. "Senior Debt Service" means for any Fiscal Year the amounts required to be paid pursuant to Section 3.03 of the Senior Debt Instrument. "Special Fund" means the Cooley Ranch Special Fund established and maintained by the Borrower pursuant to the Law into which the Borrower deposits all Pledged Tax Revenues and in which the CIEDB has a security interest pursuant to the terms of this Loan Agreement. "State" means the State of California. "Subordinate Debt" means any loan, bond, note, advance, installment sale agreement, or other indebtedness or capital lease of the Borrower payable from and secured by a lien on the Pledged Tax Revenues which are subordinate to the Loan. "Tax Certificate" means the tax certificate in the form set forth in Exhibit G executed and delivered by the Bonower as of April 30, 2002 setting forth certain conditions, covenants, expectations and elections of the Borrower with respect to the Loan in accordance with the Code. "Taxing Agencies" means all local government agencies entitled to a portion of the property taxes levied in the Project Area. 5