Hospital, placing restrictions and limitations on the (i) fees and charges to
be fixed, charged and collected with respect to services provided by the
Hospital, or (ii) timing of the receipt of Revenues.
"GUARANTY" means any obligation of the Board guaranteeing in any
manner, directly or indirectly, any obligation of any other person, which
obligation of such other person would, if such obligation were the obligation
of the Board, constitute Indebtedness hereunder; provided, however, that a
Guaranty as defined in this paragraph shall include only such guaranties as are
secured by Revenues and shall not include any guaranties secured by other
revenues or assets of the Board.
"HOSPITAL" means the Existing Facilities, any Additional Facilities
and any other facilities used to produce Revenues.
"HOSPITAL PROJECT" means all buildings, equipment and necessary
appurtenances hereafter acquired and financed by a Series of Bonds or Parity
indebtedness and constituting a part of the Hospital.
"INCOME AVAILABLE FOR DEBT SERVICE" means, with respect to the
Operations of the Hospital, as to any Fiscal Year the excess of Revenues over
Operating Expenses as determined in accordance with generally accepted
accounting principles consistently applied; provided, however, that no
determination thereof shall take into account any gain or loss resulting from
either the extinguishment of Indebtedness or the sale, exchange or other
disposition of capital assets not made in the ordinary course of business.
"INDEBTEDNESS" means Long-Term Indebtedness and Short-Term
"INTEREST ACCOUNT" means that account or accounts created as a part
of the Bond Fund.
"LONG-TERM INDEBTEDNESS" means all obligations for borrowed money
incurred or assumed by the Board which are required in accordance with
generally accepted accounting principles to be reflected in the financial
statements of the Operations of the Hospital, including a Guaranty, Short-Term
Indebtedness, if a commitment by a financial lender exists to provide financing
to retire such Short-Term Indebtedness and such commitment provides for the
repayment of principal on terms which would, if such commitment were
implemented, otherwise constitute Long-Term Indebtedness, and the current
portion of Long-Term Indebtedness, for any of the following:
(i) money borrowed for an original term, or renewable at the option
of the borrower for a period from the date originally incurred,
longer than one (1) year;
(ii) leases which are required to be capitalized in accordance with
generally accepted accounting principles having an original
term, or renewable at the option of the lessee for a period
from the date originally incurred, longer than one year; and