Cleveland Clinic Health System Obligated Group - FMSbonds.com

Bond Trustee receives fees from such funds for services rendered, (ii) the Bond Trustee charges andcollects fees for services rendered pursuant to the Bond Indenture, which fees are separate from the feesreceived from such funds, and (iii) services performed for such funds and pursuant to the Bond Indenturemay at times duplicate those provided to such funds by the Bond Trustee or its Affiliates.“Person” means an individual, a corporation, a partnership, an association, a joint stock company, a jointventure, a trust, an unincorporated organization or a government or any agency or political subdivision thereof.“Plans and Specifications” means, as to a particular Project, the plans and specifications prepared or to beprepared for the construction-related aspects of that Project, which shall conform to the description of the Project onfile with the Commission and the Bond Trustee on the Issuance Date for the Series 2008A Bonds issued to financeor refinance costs of the Project, as the same may be changed at the sole discretion of the Cleveland Clinic fromtime to time in accordance with the Lease.“Prerefunded Tax Exempt Obligations” means obligations, rated by each Rating Agency in its highestgrade rating, the interest on which is excludable from the gross income of the owners thereof for federal income taxpurposes, provision for the payment of the principal of and premium, if any, and interest on which shall have beenmade by the irrevocable deposit at least 91 days preceding the date of determination, with a bank or trust companyacting as a trustee for holders of such obligations, of money or Government Obligations, the maturing principal ofand interest on which, when due and payable, without reinvestment will provide money sufficient to pay when duethe principal of and premium, if any, and interest on such obligations, and which money or Government Obligationsare not available to satisfy any other claim, including any claim of the trustee or any claim of any Person claimingthrough the trustee or escrow agent or any claim of any Person to whom the Person on whose behalf suchirrevocable deposit was made, or to whom the trustee or escrow agent may be obligated, whether arising out of theinsolvency of the trustee or escrow agent or otherwise.“Principal Payment Account” means the Principal Payment Account in the Debt Service Fund created inthe Bond Indenture.“Principal Retirement Schedule” means the following installments of principal (including withoutlimitation the amounts to be paid pursuant to the Mandatory Sinking Fund Requirements on the MandatoryRedemption Dates), to be paid on January 1 in the years set forth below:$147,200,000 Term Bonds Due January 1, 2033YearPrincipal Amount2030 $34,780,0002031 36,965,0002032 18,615,0002033* 56,840,000* Final Maturity“Project” or “Projects” means the real, personal or real and personal property acquired, constructed,improved or equipped from the proceeds of the Series 2008A Bonds. For a description of the Projects relating to theSeries 2008A Bonds, see “PLAN OF FINANCE” in the forepart of this Offering Circular.“Project Administrator” means the individual designated by the Cleveland Clinic from time to time tosupervise construction of a Project during the applicable Construction Period. The designation shall be made in awritten certificate furnished to the Commission and the Bond Trustee containing the specimen signature of theProject Administrator and signed on behalf of the Cleveland Clinic by the Authorized Lessee Representative. Thecertificate may designate an alternate or alternates who shall have the same authority, duties and powers as theC-20