R99-187 AUTHORIZING THE ISSUANCE AND SALE OF ECONOMIC DEVELOPMENT REVENUE BONDS

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renovation, restoration or substitutions thereof, therefor or thereto made pursuant to Section 5.1 or 5.6 of this Loan Agreement or pursuant to the Mortgage. "Project Costs" means (a) all costs and expenses of every nature incuned in the construction, acquisition or improvement of the Project; (b) interest accruing on the Bonds to the Completion Date; (c) the cost of all utility facilities of the Land; (d) any and a11 expenses incurred by the Company, including those prior to the sale of the Bonds, for preliminary plans, surveys, soil borings and other items necessary to the commencement of construction, acquisition or improvement; (e) the cost of any insurance related to the Project prior to the Completion Date; (� the cost of the title insurance policy required by Section 5.5 hereof; and (g) all allowable costs and expenses of whatever nature incuned by the Issuer or the Company in connection with the authorization, issuance and sale of the Bonds, including loan commitment fees, legal fees and expenses of counsel and publication and printing expenses. "Project Fund" means the Project Fund created in Section 5 of the Bond Resolution. "Rebate Fund" means the Rebate Fund created in Section 9 of the Bond Resolution. "Regulations" means the Income Tax Treasury Regulations (26 C.F.R. Part 1) promulgated under, pursuant to or in respect of the Code. "State" means the State of Illinois. "Subordinated Debt" means any indebtedness that is evidenced by instruments, or is issued under an indenture or other document, containing provisions providing that such indebtedness is subordinated to the Notes, the Bonds and the obligations of the Company under this Loan Agreement and the Mortgage and that no payment with respect to such indebtedness (whether principal, interest, premium or of any other nature) shall be made at any time unless all payments of principal of and interest and premium, if any, on the Notes that are then due and payable, and all other payments required to be made by the Company under the Notes, the Mortgage or the Loan Agreement that are then due and payable, have been paid in full. "Supplemental Assignment of Rents and Leases" means any amendment or supplement to the Assignment of Rents and Leases entered into pursuant Section 3.10 of this Agreement. "Supplemental Loan Agreement" means any amendment or supplement to this Loan Agreement entered into pursuant Section 3.10 of this Agreement. "Supplemental Mortgage" means any amendment or supplement to the Mortgage entered into pursuant Section 3.10 of this Agreement. "Taxable Interest Rate" means a rate of interest per annum equal to the Base Rate from time to time in effect, plus one percent (1%) per annum. "Tax Rate" means the maximum marginal Federal income tax rate at which a financial institution could be taxed for Federal income tax purposes pursuant to applicable provisions of the 12