Ord 2021-059/authorizing the issuance of Electric Utility Refunding Bond Series 2021

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"DTC Participant" - Securities brokers and dealers, banks, trust companies, clearing corporations, and certain other organizations on whose behalf DTC was created to hold securities to facilitate the clearance and settlement of securities transactions among DTC Participants. "Electric Utility System" or "System" means as currently comprised, the City's combined electric, light and power system, which includes all properties, facilities, plants, improvements, equipment, interests and rights currently owned, operated and maintained by the City for the electric light and power system with all future extensions, improvements, purchases, repairs, replacements and additions thereto, whether situated within or without the limits of the City, owned by the City; provided, however, that the City expressly retains the right to (i) sell the Electric Utility System as set forth in Section 6(n) of the Master Ordinance and (ii) incorporate any other Electric Utility System (other than telecommunications system) as provided by the laws of the State as part of the Electric Utility System. The Electric Utility System shall not include any Special Project as provided in the Master Ordinance. "Escrow Agent" means Regions Bank, Houston, Texas or any successor escrow agent under the Escrow Agreement or such other legally qualified institution as may be determined by the Pricing Officer. "Escrow Agreement" means one or more agreements by and between the City and the Escrow Agent relating to refunding the Refunded Obligations. "Federal Securities" - Direct, noncallable obligations of the United States of America, including obligations that are unconditionally guaranteed by the United States of America (including Interest Strips of the Resolution Funding Corporation). "Insurance Policy" - The insurance policy issued by the Bond Insurer guaranteeing the scheduled payment of principal of and interest on the Bonds when due. "Issuance Date" - The date of delivery of the Bonds to the initial purchaser(s) thereof against payment therefor. "Master Ordinance" - The "Master Ordinance Establishing the Electric Utility System Revenue Financing Program," adopted by the City on April 2, 2013, as may be amended or supplemented from time to time. "Maturity" - When used with respect to the Bonds, the scheduled maturity of the Bonds. "Maximum Rate" - A net effective interest rate (as defined in and calculated in accordance with the provisions of the Chapter 1204, Texas Government Code, as amended not to exceed fifteen percent (15%)). "MSRB" - The Municipal Securities Rulemaking Board. "Ordinance" - Collectively, the Master Ordinance and the Second Supplement. A-2 SanMARCOS\ELectricUliLSysRevBonds\2021: 2116uppOrdmiice