Cleveland Clinic Health System Obligated Group - FMSbonds.com

“Related Issuer” means the governmental issuer of any issue of Related Bonds.“Related Supplemental Indenture” when used with reference to Master Notes of a particular series, meansthe Supplemental Indenture creating such series.“Rental Payment Date” means each date that Bond Service Charges shall be due under the Bond Indenture,or any date specified in a supplement to the Lease as the date for payment of Basic Rent to meet principal andinterest requirements of any Additional Bonds, or any date on which payment of the installments of Basic Rent isaccelerated pursuant to the Lease.“Revenues” means, for any period, (i) in the case of any Person providing health care services, the sum of(a) net patient service revenues, plus (b) other operating revenues, plus (c) non-operating revenues, minus (i)extraordinary revenues derived from the sale of assets which are not securities (ii) any gain from the extinguishmentof debt or termination of pension plans (iii) other extraordinary revenues other than those derived from the sale ofsecurities or (iv) any unrealized gains on investments (including without limitation unrealized gains on the fairmarket valuation of Interest Rate Hedges and other hedging transactions), all as determined in accordance withgenerally accepted accounting principles; and (ii) in the case of any other Person, gross revenues less sale discountsand sale returns and allowances, as determined in accordance with generally accepted accounting principles, butexcluding in any event (a) any gains on the sale or other disposition of investments or fixed or capital assets not inthe ordinary course, (b) earnings resulting from any reappraisal, revaluation or write-up of assets (including withoutlimitation unrealized gains on the fair market valuation of Interest Rate Hedges and other hedging transactions) or (c)unrealized gains on investments; provided, however, that if such calculation is being made with respect to theCombined Group, such calculation shall be made in such a manner so as to exclude any revenues attributable totransactions among the Combined Group.“Series” means the Series 2008A Bonds and any Additional Bonds issued under the Bond Indenture thatare designated as a separate Series in the related Supplemental Bond Indenture providing for their issuance.“Series 2008 Project Account” or “Project Account” means the account in the Project Fund so designatedin the Bond Indenture.“Series 2008A Bonds” means the $452,340,000 aggregate principal amount of State of Ohio HospitalRevenue Bonds, Series 2008A (Cleveland Clinic Health System Obligated Group) initially authorized to be issuedby the State pursuant to the terms and conditions of Section 2.01 of the Bond Indenture.“Short-Term” when used in connection with Indebtedness (including Master Notes), means Indebtednesswhich is not Long-Term.“Special Funds” means the Project Fund, the Debt Service Fund and the Debt Service Reserve Fund andthe accounts therein, as created under the Bond Indenture.“Special Record Date” means, with respect to the Bond Indenture, the date fixed by the Bond Trusteepursuant to Section 2.01 of the Bond Indenture for the payment of Defaulted Interest, and with respect to any MasterNote, the date established by the Master Trustee in connection with the payment of overdue interest on the MasterNote pursuant to Section 2.07 of the Master Indenture.“Standard & Poor’s” means Standard & Poor’s Ratings Service, a division of The McGraw HillCompanies, Inc., a corporation organized and existing under the laws of the State of New York, its successors andassigns, and, if such division or corporation shall be dissolved or liquidated or shall no longer perform the functionsof a securities rating agency, “Standard & Poor’s” shall be deemed to refer to any other nationally recognizedsecurities rating agency designated by the Cleveland Clinic by notice to the Bond Trustee and the Commission.“State” means the State of Ohio.C-22