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"Cede & Co." means the designated nominee and its successors and assigns of The <br /> Depository Trust Company,New York. <br /> "City" and "Issuer" mean the City of San Marcos, Texas, and where appropriate, the City <br /> Council. <br /> "City Council" means the governing body of the City. <br /> "Closing Date" means the date of initial delivery of and payment for the Bonds. <br /> "Compounded Amount" means, with respect to a Premium Compound Interest Bond,as of <br /> any particular date of calculation,the original principal amount thereof plus all interest accrued and <br /> compounded to the particular date of calculation. <br /> "Compounding Dates" means the dates on which interest is compounded on the Premium <br /> Compound Interest Bonds as set forth in the Accretion Table attached to the Pricing Certificate. <br /> "Current Interest Bonds" means the Bonds paying current interest and maturing in each of the <br /> years and in the aggregate principal amounts set forth in the Pricing Certificate. <br /> "Defeasance Securities" means (i) Federal Securities, (ii) noncallable obligations of an <br /> agency or instrumentality of the United States of America, including obligations that are <br /> unconditionally guaranteed or insured by the agency or instrumentality and that,on the date the City <br /> Council adopts or approves proceedings authorizing the issuance of refunding bonds or otherwise <br /> provide for the funding of an escrow to effect the defeasance of the Bonds are rated as to investment <br /> quality by a nationally recognized investment rating firm not less than"AAA"or its equivalent,(iii) <br /> noncallable obligations of a state or an agency or a county, municipality, or other political <br /> subdivision of a state that have been refunded and that, on the date the City Council adopts or <br /> approves proceedings authorizing the issuance of refunding bonds or otherwise provide for the <br /> funding of an escrow to effect the defeasance of the Bonds, are rated as to investment quality by a <br /> nationally recognized investment rating firm no less than"AAA"or its equivalent,and(iv)any other <br /> then authorized securities or obligations under applicable State law that may be used to defease <br /> obligations such as the Bonds. <br /> "Depository" means one or more official depository banks of the City. <br /> "DTC"means The Depository Trust Company,New York,New York and its successors and <br /> assigns. <br /> "DTC Participant" means securities brokers and dealers, banks, trust companies, clearing <br /> corporations,and certain other organizations on whose behalf DTC was created to hold securities to <br /> facilitate the clearance and settlement of securities transactions among DTC Participants. <br /> A-2 <br /> SKIMertosGOXzol x OruimnceOO <br />