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"Cost" means those costs that are eligible to be funded from Authority funds; are <br /> reasonable, necessary and allocable to the Project; and are associated with the approved scope of <br /> work, the plans and specifications, and change orders; and are permitted by GAAP to be costs of <br /> the Project. <br /> "Debt Service Reserve Fund" means the fund established by the Governmental Agency <br /> for the purpose of paying, if necessary, the principal of and interest on the bond as provided in <br /> paragraph(3) of Exhibit F. <br /> "Debt Service Reserve Requirement" means an amount equal to one year's Loan <br /> Repayments as described in paragraph(3)of Exhibit F. <br /> "Event of Default" means any occurrence or event specified in Section 5.01 hereof. <br /> "Fiscal Year" means the fiscal year of the Governmental Agency. <br /> "GAAP" means generally accepted accounting principles as in effect from time to time <br /> in the United States. <br /> "Governmental Agency" means the entity that is a party to and is described in the first <br /> paragraph of this Loan Agreement, and its successors and assigns. <br /> "Governmental Agency Bond" means the bond executed and delivered by the <br /> Governmental Agency to the Authority to evidence the Loan, the form of which is attached <br /> hereto as Exhibit C and made a part hereof. <br /> "Loan" means the loan made by the Authority to the Governmental Agency to finance or <br /> refinance a portion of the cost of the Project pursuant to this Loan Agreement. For all purposes <br /> of this Loan Agreement, the amount of the Loan at any time shall be the amount of the loan <br /> commitment set forth in Paragraph (4) of Exhibit B attached hereto and made a part of this Loan <br /> Agreement (which amount, as specified in the Governmental Agency Bond, equals the amount <br /> actually deposited in the Project Account), less any amount of such principal amount as has been <br /> repaid by the Governmental Agency under this Loan Agreement. <br /> "Loan Agreement" means this Loan Agreement, including the Exhibits attached hereto, <br /> as it may be supplemented,modified, or amended from time to time in accordance with the terms <br /> hereof. <br /> 3 <br />