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within the meaning of the G.O. Compliance Legislation and is subject to certain restrictions imposed thereby. "Event of Default" - means one or more of those events delineated in Section 2.07. "Facility", if applicable, - means the Railroad Wye consisting generally of road bed, rails, ties, ballast, drainage, drainage structures, road crossings and related railroad appurtenances which is located, or will be constructed and located, on the Real Property and all equipment that is a part thereof that was purchased with the proceeds of the Program Grant, which Wye and related facilities have a "Fair Market Value" — means either (i) the I qualified buyer to a willing and qualified seller as that all liens and encumbrances on the property b of such property, will be paid and released, car' public bid procedure after reasonable pub - d1 encumbrances on the property being sold g will be paid and released at the time of acquiAil n years. mce r� be paid by a willing and ned "' ` appraisal that assumes �}g sold that n41 e affect the value the price bid b}urchaser under a ice, with the provisCr t all liens and rhvelyect the value 6 a"i h property, by tl "chaser. "G.O. Bonds" - means thatol on of the staneral obligation bonds issued under the authority granted in Article of the ota Constitution the proceeds of which are used to fund the PrograiGratid any bond bonds. ued to refund or replace such "G.O. Comp W& igoation' slaws applicable to this Agreement as such exist as of the eve date osis AgredtEtiit. "Grant A'""' hon" that Gain grant application attached hereto as ig Attachment IV tff tied to the State Entity. This definition is only nee ap f the Public"ty submitted a grant application to the State 1��' If the � En7 v tJid not submit a grant application to the State Entity, then this lhOn IS not rued anC'�'';�hrndd ho iorrnva.7 ,,,..,7 ...,,.-._� __ .� ,._ .. - _ "L Yrem�s means the real estate and structures, if any, that are leased to the Public Ent! }dexr U al Property/Facility Lease. This definition is only needed and only applies if the' Entity's ownership interest in the Real Property, the Facility, if applicable, or bob% is by way of a leasehold interest under a Real Property/Facility Lease. For all other circumstances this definition is not needed and should be ignored and treated as i were left blank and any reference to this term in this Agreement shall be ignored and treated as r the reference did not exist. "Lessor" — means the fee owner/lessor of the Leased Premises. This definition is only needed and only applies if the Public Entity's ownership interest in the Real Property, the Facility, if applicable, or both, is by way of a leasehold interest under a Real 329826v5 CLL NE136-201