Ord 2005-098 - Laserfiche WebLink

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I I I "Closing Date" means the date of the initial delivery of and payment for the Certificates. "Code" means the Internal Revenue Code of 1986, as amended, including apphcable regulatIons, published rulings and court decisions relating thereto. "Construction Fund" means the construction fund established by Section 8 01(a) of this Ordinance "Defeasance Securities" means (i) Federal Securities, (iI) noncallable obligations of an agency or mstrumentality of the United States of America, including obligatIOns that are unconditionally guaranteed or insured by the agency or instrumentality and that, on the date theCity Council adopts or approves proceedings authorizing the issuance of refunding bonds or otherwise provide for the funding of an escrow to effect the defeasance of the Certificates are rated as to investment quality by a natIOnally recognized mvestment rating firm not less than "AAA" or its equivalent, and (iii) noncallable obhgations of a state or an agency or a county, municipality, or other political subdivision of a state that have been refunded and that, on the date the City Council adopts or approves proceedings authonzing the issuance of refunding bonds or otherwise provide for the funding of an escrow to effect the defeasance of the Certificates, are rated as to mvestment quality by a natIonally recognIzed investment rating firm no less than "AAA" or its equivalent. "Designated Payment/Transfer Office" means (i) with respect to the initial Paymg AgentJRegIstrar named herein, its corporate trust office in Dallas, Texas, and (ii) with respect to any successor Paying Agent/RegIstrar, the office of such successor designated and located as may be agreed upon by the City and such successor "DTC" means The Depository Trust Company of New York, New York, or any successor securities depository "DTC Participant" means any broker, dealer, bank, trust company, clearing corporation or certain other organizations WIth Certificates credited to an account maintained on its behalf by DTC. "Event of Default" means any Event of Default as defined m Section 10 01 of thIS Ordinance "Federal Securities" as used herein means direct, noncallable obligations of the United States of America, includmg obligations that are unconditionally guaranteed by the Umted States of Amenca (including Interest Strips of the Resolution Funding Corporation) "Initial CertIficate" means the Certificate described m Section 3 04( d) and 6 02( d) "Interest and Sinking Fund" means the interest and sinking fund established by Section 8 01(a) of this Ordinance. "Interest Payment Date" means the date or dates upon which interest on the Certificates is scheduled to be paid until the maturity of the Certificates, such dates being February 15 and August 15 of each year commencing August 15,2006 "Ordinance" means this Ordinance. San Marcos CTRCO 2005 Ord 12-07 2005 2