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2. SR 05-14-2007
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2. SR 05-14-2007
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1/21/2008 8:36:53 AM
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<br />"Plans" means the plans and specifications~ prepared by the Architect for the construction of the <br />Building, as amended or supplemented from time to time. <br /> <br />"Project" means the Building, the Equipment and the Land. <br /> <br />"Project Costs" or "Project Cost" means all costs of acquisition, betterment, design and <br />construction of the Building and related improvements to the Land, including all architect, engineering <br />and similar costs, Costs of Issuance, and capitalized interest on the Bonds. The term Project Costs <br />includes Equipment but excludes Lessee Equipment. <br /> <br />"Project Fund" means the project fund to be established under the Bond Resolution. <br /> <br />"State" means the State of Minnesota. <br /> <br />"Tax Exemption Agreement" has the meaning provided in Section 2.01(c) hereof. <br /> <br />"YMCA" means Lessee, except that if the context so requires, "YMCA" refers generically to <br />facilities similar to the Facilities and/or the entity that operates such facilities. <br /> <br />Any term defmed in the Ground Lease but not defined herein shall have the same meaning herein <br />unless the context hereof clearly requires otherwise. <br /> <br />SectIOn 1.02. Characteristics of Certificate or Ooimon. Any Certificate made or given by an <br />officer of the Authority or of the City or by an Independent engineer, architect, consultant or other person <br />may be based, insofar as it relates to legal matters, upon an Opinion of Counsel, unless such person <br />knows or, in the exercise of reasonable care should know, that the opinion with respect to the matters <br />upon which the Certificate may be based as aforesaid is erroneous. Any such Certificate or Opinion of <br />Counsel may be based, insofar as it relates to factual matters, upon information which is in the possession <br />of the Authority or the City, or upon a supporting Certificate of an officer or officers of the Authority or <br />the City, unless the signer knows or, in the exercise of reasonable care should know, that the supporting <br />Certificate with respect to the matters upon which the Certificate or Opinion of Counsel may be based as <br />aforesaid is erroneous. <br /> <br />Section 1.03. Additional Provisions as to Interoretation. All references herein to "Articles," <br />"Sections" and other subdivisions are to the corresponding Articles, Sections or subdivisions of this <br />Lease; and the words "herein," "hereof," "hereunder" and other words of similar import refer to this <br />Lease as a whole and not to any particular Article, Section or subdivision hereof. <br /> <br />5 <br />
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