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[364]

Part of Minutes of the University of Kentucky Board of Trustees

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"PROPERTY" means any and all rights, titles and interests in and to any and all property, whether real or personal, tangible or intangible and wherever situated which are required in accordance with generally accepted accounting principles, to be reflected in the Financial Statements. "PROPERTY, PLANT AND EQUIPMENT" means all Property which is reflected as property, plant and equipment in the Financial Statements in conformity with generally accepted accounting principles. "RECORD DATE" means, with respect to any interest payment date for a Series of Bonds, the 15th day of the month next preceding such interest payment date, or if such day is not a Business Day, then the next succeeding Business Day or such other date as may be designated by a Series Resolution. "REDEMPTION ACCOUNT" means that account or accounts created as a part of the Bond Fund by a Series Resolution. "REGISTRAR" means the Trustee designated to maintain the records for registration of the ownership, transfer and exchange of the Bonds. "RESERVE ACCOUNT REQUIREMENT" means that maximum amount required by a Series Resolution to be maintained in a Debt Service Reserve Account. - "RESOLUTION" means this Resolution providing for the issuance of hospital revenue bonds adopted by the Board on June 25, 1986, together with any Series Resolution, as supplemented and amended. "REVENUE FUND" means that fund created in Section 4.02 hereof. "REVENUES" means, for any period, all revenues, income, receipts and other money received in such period by or on behalf of the Board from or in connection with the operation of the Hospital, including, without limitation, revenues, income, receipts and other money derived by the Board with respect to the Hospital from (i) any appropriations not restricted to capital improvement purposes received from the Board, (ii) business interruption insurance, (iii) accounts receivable, (iv) the sale of inventory and other tangible or intangible property, ('i) agreements respecting Medicare, Medicaid and Blue Cross or similar or successor programs, (vi) contract rights and other rights and assets, whether now or hereafter owned, held or possessed by or on behalf of the Board with respect to the Hospital, (vii) all payments made by or on behalf of patients, (viii) all investment income derived from any fund or account created under this Resolution, except for investment income derived from the Construction Account, and (ix) all gifts, grants, bequests, contributions and donations made with respect to the Hospital, including the income and profits therefrom, exclusive of gifts, grants, bequests, contributions and donations to the extent specifically restricted by the donor to a partucular purpose inconsistent with their use as Revenues. "SECRETARY" means the Secretary and each and every Assistant Secretary and each and every other officer of the Board authorized to exercise the powers and authority reposed in the Secretary of the Board, -8-