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"Designated Payment/Transfer Office" means (i) with respect to the initial Paying <br />Agent/Registrar named herein, its designated office in Austin, Texas, and (ii) with respect to any <br />successor Paying Agent/Registrar, the office of such successor designated and located as may be <br />agreed upon by the City and such successor. <br />"DTC" means The Depository Trust Company of New York, New York, or any successor <br />securities depository. <br />"DTC Participant" means any broker, dealer, bank, trust company, clearing corporation or <br />certain other organizations with Bonds credited to an account maintained on its behalf by DTC. <br />"Escrow Agent" means The Bank of New York Mellon Trust Company, N.A. <br />"Escrow Agreement" means the escrow agreement, dated as of June 15, 2009, by and <br />between the City and the Escrow Agent. <br />"Escrow Fund" means the fund referred to in Article VIII and in Section 14.02 of this <br />Ordinance and established by the Escrow Agreement to hold cash and securities for the payment of <br />principal of and interest on the Refunded Bonds. <br />"Event of Default" means any Event of Default as defined in Section 10.01. <br />"Federal Securities" as used herein means direct, noncallable obligations of the United States <br />of America, including obligations that are unconditionally guaranteed by the United States of America <br />(including Interest Strips of the Resolution Funding Corporation). <br />"Initial Bond" means the Bond described in Section 3.04(d) and 6.02(d). <br />"Interest and Sinking Fund" means the interest and sinking fund established by Section <br />8.01(a). <br />"Interest Payment Date" means the date or dates upon which interest on the Bonds is <br />scheduled to be paid until the maturity or prior redemption of the Bonds, such dates being February <br />15 and August 15 of each year commencing August 15, 2009. <br />"Ordinance" means this Ordinance. <br />"Original Issue Date" means the date designated as the date of the Bonds in Section 3.02. <br />"Owner" means the person who is the registered owner of a Bond or Bonds, as shown in the <br />Register. <br />San Marcos Tax & Rev Rfdg 2009 Ordinance 3