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l "I~~iPrtovEtitENTS 7'o THE Co~,vTV F.ac~~~T~ES" means such additions, improvements. ? modifications or relocations as the County may deem necessary or desirable in, on or to the 3 County Faciltiies, all of which shall become part of such County Facilities. ~ 5 "INSTALLNIENT CONIPUTATION DATE" shall mean "installment computation date'~ as such 6 phrase is used in the regulations promulgated pursuant to Section 148(~ of the Code (or any 7 sliccessor thereto). 8 9 "I;vsuR,aNCE POLiCV" means the municipal bond insurance policy issued by the Insurer as 10 additional security for the 1998 Certificates.' 11 ~? "INSURER" means MBIA Insurance Corporation. 13 14 "INTERCREDITOR AGREEMENT" means an agreement entered into pursuant to Section ~ 5 208(D)(v) of the A~-eement pursuant to which the Tnistee and each Credit Provider agree as to their I6 respective rights with respect to the remedies to be pursued by the Trustee upon the occurrence of ~ 7 a Termination Event or an Event of Default. I8 19 "INTEREST PAYMENT DATE" means: (i) when used with respect to the 1998 Certificates, 2o December 1 and Jtme 1 of each year, commencing June l, 1999; and (ii) when used with respect to 2l any series of Additional Certificates, the dates upon which interest on the Certificates of such series 22 shall be due and payable as specified in the Supplemental Agreement pursuant to which such ?3 Additional Certificates are issued. za 25 "INVESTMENT SECURITIES" shall mean and include any of the following investments that 26 are lawful investments for the public funds of the County under the applicable laws of the State of 27 Oregon: ~g 29 (1) direct obligations of the United States of America (including obligations issued 30 or held in book-entry form on the books of the Department of Treasury) or obligations the ;1 principal of and interest on which are unconditionally guaranteed by the United States of 32 America; 33 34 (2) bond, debenture, notes or other evidences of indebtedness issued or guaranteed 35 by any of the following federal agencies provided that such obligations are backed by the 36 full faith and credit of the United States of America (stripped securities are only permitted 37 if they have been stripped by the agency itsel~: 38 ;9 (A) Farmers Home Administration certificates of beneficial ownership; 40 4 t (B) Federal Housing Administration Debenttiires; 43 a3 (C) General Services Administration certificates of participation: DEFINITIONS APPENDI\ PAGE 7