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I Agreement or the applicable provisions of any Supplemental Agreement and ~vill not adversely 2 affect the excludability for federal income tax puiposes of the interest on any Certificates issued as. 3 and which at the time of rendition of such opinion still are, Tax-Exempt Obligations. 4 ~ "OUTSTANDING" or "CERTIFICATES OIJTSTANDING" means the Certificates which have 6 been authenticated and delivered under the Abreement, except: 7 8 ~(i) Certificates canceled by the Trustee or delivered to the Trustee for 9 cancellation; and lo 1 l (ii) Certificates for the payment or redemption of which cash funds or Government ~2 Obligations shall have been deposited with the Trustee; provided, hotiveve~-, thut if such 13 Certificates are to be redeemed prior to maturity thereof, notice of such redemption shall ~ 4 have been given in accordance with the provisions hereof when such funds are availabte, or ~ 5 arrangements satisfactory to the Trustee shall have been made therefor, or waiver of such l6 notice satisfactory in form to the Tnistee shall have been filed with Trustee; 17 18 provided, hotii~ever, that for the purpose of determining whether there has been notice to or action l9 by the holders of the requisite principal amount of Certificates, Certificates owned by or pledged to 2o the County shall be disregarded and not deemed to be outstanding. ~~ 22 "OwNER" means the registered owner of a Certificate as shown by the registration books 2~ maintained by the Trustee. ~q 25 "PART~ciPAlv7" shall mean a broker-dealer, bank or other financial institution for which 26 DTC holds Certificates as Securities Depository. ~7 28 The ternl '`PERSON" or "PERSON" means natural persons, firms, associations, corporations 29 and public bodies. 30 3l "PROJECT COST REQUISITION CERTIFICATE" means a certificate in the form of Exhibit 33 A-1 to the Agreement. 33 34 `'PROJECT FUND" means the fund established pursuant to Section 401 of the Agreement and 35 which shall be entitled "Marion County Project Fund - Courthouse Square Project''. 36 37 "PROPOSED BUDGET" means, for each Fiscal Year of the County, the budget presented to 3s the County Commissioners for consideration for adoption in accordance with the applicable laws 39 of the State of Oregon. 40 ~t l "RATING AGENCY" means any of the following firms if the County has requested such firm 42 to assign a rating to any of the Certificates: Moody's, S&P or any other national rating agency. ~~ DEFINITIONS APPENDI\ ~ P.4GE 11