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100 <br /> "Pledged Sites" has the meaning ascribed to that term in the Deed of Trust, <br /> and generally includes the real property upon which the Pledged Facilities are <br /> located (or are to be constructed) and associated property. <br /> "Redemption Account" means the account of that name in the Payment Fund <br /> established in Section 3.04. <br /> "Principal Account" means the account of that name in the Payment Fund <br /> established in Section 3.04. <br /> "Project" has the meaning ascribed to that term in the recitals to this <br /> Agreement. <br /> "Project Costs" means all costs of carrying-out of the Project, including the <br /> costs of the design, planning, constructing, acquiring, installing, equipping of <br /> improvements to the Pledged Facilities, all as determine d in accordance with <br /> generally accepted accounting principles and that will not adversely affect the <br /> exclusion from gross income for federal income tax purposes of interest on Bonds to <br /> which it is intended that interest will be entitled. "Project Costs" include (a) sums <br /> required to reimburse the County or its agents for advances made for any costs <br /> otherwise described in this definition, (b) interest during the period of acquisition <br /> and construction of improvements and for up to six months thereafter, and (c) all <br /> Financing Costs and Refinancing Costs. <br /> "Project Fund" means the Orange County 2021 Project Fund established in <br /> Section 3.01. <br /> "Record Date" means the end of the calendar day on the 15th day of the <br /> month (whether or not a Business Day) preceding a Payment Date. <br /> "Refinancing Costs" means all costs related to the payment in full of the <br /> County obligations to pay principal and interest under the County obligations <br /> described in Exhibit A. Refinancing Costs are a subset of Project Costs. <br /> "Restricted Yield" means an annual "yield," within the meaning of Treas. Regs. <br /> Secs. 1.103-13(c), -13(d), 1.148-9T(a), not in excess of an annual "yield" equal to <br /> 69 <br />