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<br />"Ongmal Issue Date" means the mitial date from which mterest on the Certificates accrues and which <br />is designated 10 SectiOn 3 02(a) of thiS Ordmance <br /> <br />"Owner" means the person who is the registered owner of a Certificate or Certificates, as shown 10 the <br />Register <br /> <br />"Paymg Agent/Registrar" means RegiOns Bank, any successor thereto or an entity which is appomted <br />as and assumes the duties of paymg agent/registrar as provided 10 this Ordmance <br /> <br />"Purchaser" means the person, firm or entity mitially purchasmg the Certificates from the City and <br />which is designated 10 SectiOn 7 01 of this Ordmance <br /> <br />"Record Date" means the last busmess day of the month next precedmg an Interest Payment Date <br /> <br />"Register" means the Register specified 10 SectiOn 3 06(a) of this Ordmance <br /> <br />"RepresentatiOn Letter" means the Blanket Issuer Letter of RepresentatiOns with respect to the <br />Certificates and other obligatiOns of the City, between the City and DTC <br /> <br />"Special Payment Date" means the Special Payment Date prescribed by SectiOn 3 03(b) of this <br />Ordinance <br /> <br />"Special Record Date" means the new record date for mterest payment established 10 the event of a <br />nonpayment of mterest on a scheduled payment date, and for 30 days thereafter, as described 10 Section 3 03 (b) <br />of this Ordmance <br /> <br />"Surplus Revenues" means the revenues of the City'S waterworks and waste water system, not to <br />exceed $1,000, available after deductiOn of the reasonable expenses of Said System and the payment of all debt <br />service, reserve and other reqUirements With respect to all of the City'S revenue bonds and other obligatiOns, <br />now outstandmg or hereafter issued, that are payable 10 whole or 10 part from a pledge of all or part of the <br />revenues of such system. <br /> <br />"Term Certificates" means the Certificates, if any, subject to mandatory sInkmg fund redemptiOn as <br />described 10 SectiOn 4 02 <br /> <br />"Unclaimed Payments" means money depoSited With the Paymg Agent/Registrar for the payment of <br />prmcipal, redemption premiUm, if any, or mterest on the Certificates as the SalTle become due and payable or <br />money set aSide for the payment of Certificates duly called for redemption pnor to matunty, and remammg <br />unclaimed for 90 days after the applicable payment or redemption date <br /> <br />SectiOn 1 02 Other DefimtiOns <br /> <br />The terms "City Council" and "City" shall have the meanmg assigned 10 the prealTlble to thiS <br />Ordmance <br /> <br />San Marcos CTRCO 2007A. Ordinance <br /> <br />3 <br />