vided, That for the purpose of exemption from taxes and fees under the Act, this term shall mean all kinds of properties, real or personal owned and / or used by the BMBE for the conduct of its business as defined by the SMED Council. (d). ??? Registration??? refers to the inclusion of BMBE in the BMBE Registry of a city or municipality. ( e ). ??? Financing ??? refers to all borrowings of the BMB