Cleveland Clinic Health System Obligated Group - FMSbonds.com

“Business Day” means a day that is not (a) a Saturday, Sunday, or (b) a legal holiday on which bankinginstitutions in the State, the State of New York or the city in which the principal office of the Bond Trustee or theMaster Trustee is located are authorized by law to close or (c) a day on which the New York Stock Exchange isclosed.“Capitalization” means for any Person the sum of (a) the aggregate principal amount of all Long-TermIndebtedness, and (b) the Fund Balance of such Person.“Casualty Event” means a Facility shall have been damaged or destroyed (i) to such extent that it cannot bereasonably expected to be restored within a period of three months from the commencement of restoration to acondition of usefulness comparable to that immediately preceding such damage or destruction, or (ii) to such extentthat it is reasonably expected that the Cleveland Clinic will be thereby prevented from carrying on its normaloperations therein or thereon for a period of three months, or (iii) to such an extent that the cost of restorationthereof would exceed twenty percent of the appraised value of the Facility immediately prior to the date on whichsuch damage or destruction occurred.“CCF Florida Clinic” means Cleveland Clinic Florida (a nonprofit corporation), a Florida nonprofitcorporation, together with its successors and permitted assignees, and currently an Obligated Issuer.“CCF Naples Hospital” means Cleveland Clinic Florida Hospital Naples Non Profit Corporation, a Floridanonprofit corporation, and formerly an Obligated Issuer.“CCHS East Region” means Cleveland Clinic Health System−East Region (formerly known as MeridiaHealth System), an Ohio nonprofit corporation, together with its successors and permitted assignees, and currentlyan Obligated Issuer.“Cleveland Clinic” means The Cleveland Clinic Foundation, an Ohio nonprofit corporation, and any and allcorporations succeeding thereto in accordance with the Master Indenture.“Code” means the Internal Revenue Code of 1986, as amended from time to time. When used with respectto the Master Indenture, references to the Code and Sections thereof include, without limitation, relevant regulations,temporary regulations and proposed regulations thereunder and under the Internal Revenue Code of 1954, asamended, and any successor provisions to those Sections, regulations, temporary regulations and proposedregulations. When used with respect to the Bond Indenture, each reference to a section of the Code shall be deemedto include the United States Treasury Regulations, including temporary and proposed regulations, relating to suchsection that are applicable to a series of tax-exempt bonds or the use of the proceeds thereof.“Combined Group” means all of the Obligated Issuers and all of the Group Affiliates.“Commercial Code” means the Uniform Commercial Code as enacted and effective from time to time inthe State.“Commission” means the Ohio Higher Educational Facility Commission, a body both corporate and politic,operating and existing under and by virtue of the provisions of Chapter 3377 of the Ohio Revised Code, togetherwith its successors and any permitted assignees.“Completion Date” means the date specified as such with respect to a Project in accordance with the Lease.“Completion Indebtedness” means any Long-Term Indebtedness or Interim Indebtedness incurred or issuedby any Obligated Issuer for the purpose of financing the completion of a project for which Long-Term Indebtednessor Interim Indebtedness has already been issued or incurred.“Condemnation Event” means title to, or the temporary use of, all or a portion of a Facility shall have beentaken under the exercise of the power of eminent domain by any governmental authority, or Person acting undergovernmental authority, (1) to such extent that the Facility cannot be reasonably expected to be restored within aC-4