2001-58 PROVIDING FOR THE ISSUANCE OF A TAXABLE SUBORDINANTE LIEN PROMISSORY NOTE

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s � , . , ♦ "Note" means the not to exceed $4,882,000 Subordinate Lien Promissory Note (Southeast Plaza Project), Series 2001, authorized under this Ordinance. `7Vote Register"means the book for the registration and transfer of the Notes. "Note Year" means that twelve-calendar month period beginning on January 2 of any calendar year and ending on January 1 of the next succeeding year. "Ordinance" means this ordinance as originally adopted and as the same may from time to time be amended or supplemented in accordance with the terms hereof. "Outstanding" or "outstanding" means the Note while outstanding and unpaid; provided, however, such term shall not include any portion of a Note which (i) has matured and for which moneys are on deposit with proper paying agents, or are otherwise properly available, sufficient to pay all principal and interest thereof, or(ii) the provision for payment of which has been made by the City by the deposit in an irrevocable trust or escrow account of funds or direct, full faith and credit obligations of the United States of America, the principal of and interest on which will be sufficient to pay at maturity or as called for redemption all of the principal of and interest and any applicable premium on such Note. `PayingAgent" means the City Treasurer as paying agent and note registrar, and successors or assigns. "Plan" means the comprehensive redevelopment program of the City for the Project Area heretofore approved by the Corporate Authorities by an ordinance adopted on May 5, 1997, and together with any further amendments and supplements thereto. "Pledged Moneys" means, collectively, the Incremental Property Taxes and the Limited Incremental Sales Taxes. "Principal Requirement" means for any Note Year the aggregate principal amount of the Note having a Stated Maturity during such Note Year. "Project" or "Redevelopment Project" means the redevelopment project heretofore approved by the Corporate Authorities pursuant to an ordinance, adopted on May 5, 1997, in furtherance of the objectives of the Redevelopment Plan. "Project Area" means the Southeast Plaza Ta�c Increment Financing Redevelopment Project Area described more fully m Ex��T A attached hereto and heretofore designated by the Corporate Authorities pursuant to an ordinance, adopted on May 5, 1997, in accordance with the provisions of the Act. "Project Costs"means the sum total of all reasonable or necessary costs incurred or estimated to be incurred which are incidental to the Plan and the Project, including, without limitation,the following: -5-