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"Net Proceeds" means the gross proceeds from the insurance (including title insurance) or <br /> condemnation award with respect to which the term is used remaining after the payment of all <br /> expenses (including attorneys' fees and any expenses of the Issuer) incurred in the collection of <br /> such gross proceeds. <br /> "Note" means the note of the Company in the principal amount of$750,000 delivered to <br /> the Issuer and endorsed to the Assignee which evidences the obligation of the Company to repay <br /> the loan to it by the Issuer of the proceeds of the Bonds, which note is in substantially the form <br /> attached hereto as E�ibit A. <br /> "Notes" means the Note and all Additional Notes. <br /> "Original Purchaser" means Central Illinois Bank, Decatur, Illinois. <br /> "Outstanding", when used with reference to the Bonds, means, as of a particular date, all <br /> Bonds theretofore authenticated and delivered except: <br /> (i) Bonds theretofore canceled or delivered for cancellation; <br /> (ii) Bonds for which the payment or prepayment has been provided for in <br /> accordance with this Loan Agreement; and <br /> (iii) Bonds in exchange for or in lieu of which other Bonds have been <br /> authenticated and delivered pursuant to the Bond Resolution. <br /> "Overdue Rate" means the applicable interest rate (Initial Interest Rate, Adjusted Interest <br /> Rate or Ta�cable Interest Rate, all as herein defined, as the case may be), plus one percent (1%). <br /> "Paying Agent" means Central Illinois Bank, Decatur, Illinois, pursuant to the Bond <br /> Registrar and Paying Agent Agreement. <br /> "Person" means natural persons, partnerships, associations, corporations and public <br /> bodies. <br /> "Permitted Encumbrances" shall have the meaning set forth in the Mortgage. <br /> "Plans and Specifications" means the plans and specifications for the Project referred to in <br /> Section 4.2 hereof and any amendments and additions thereta <br /> "Principal Payment Date" means an Interest Payment Date occurring on or after August 4, <br /> 2000. <br /> "Project" means the project described in Exhibit C hereto and any additions, expansions, <br /> remodeling or modifications paid for in whole or in part with the proceeds of Additional Bonds, <br /> and any additions, modifications, improvements, replacements, repairs, reconstruction, , <br /> 11 � <br />� ,' <br />