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October 15, 2012 - City of Laredo

October 15, 2012 - City of Laredo

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"Code" means the Internal Revenue Code <strong>of</strong> 1986, as amended. Each reference to a<br />

Section <strong>of</strong> the Code herein shall be deemed to include the United States Treasury Regulations<br />

proposed or in effect thereunder.<br />

"Commencement Date " means the date when Lessee's obligation to pay rent commences<br />

hereunder, which shall be the date on which the Acquisition Amount is deposited with the<br />

Acquisition Fund Custodian.<br />

"Contract Rate " means the rate identified as such in the Payment Schedule.<br />

"Equipment" means the property listed in the Equipm le and all replacements,<br />

repairs, restorations, modifications and impr<br />

Section 8.0 1 or Article V. Whenever referenc<br />

reference shall be deemed to include all such replac<br />

and improvements <strong>of</strong> or to such Equipment.<br />

"Equipment Costs " means the total cost<br />

freight, installation and taxes, capitalizable co<br />

with the acquisition and/or financing <strong>of</strong> the Equip<br />

"Equipment Schedule " mean tached hereto as Exhibit A and<br />

made a part here<strong>of</strong>.<br />

rms, with a final Renewal<br />

in the first paragraph <strong>of</strong> this Agreement.<br />

Lessor in the first paragraph <strong>of</strong> this Agree-<br />

t <strong>of</strong> Lessor in and to this<br />

r amounts due hereunder,<br />

lude any entity solely by<br />

erform hereunder.<br />

ge" means any change in Lessee's creditworthiness that could<br />

ct on (i) the financial condition or operations <strong>of</strong> Lessee, or<br />

"Original Term" means the period from the Commencement Date until the end <strong>of</strong> the<br />

fiscal year <strong>of</strong> Lessee in effect at such Commencement Date.<br />

"Payment Schedule" means the payment schedule attached hereto as Exhibit B and made<br />

a part here<strong>of</strong>.

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