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"First Supplement" -This First Supplemental Ordinance, which was adopted pursuant to <br />authority reserved by the City under the Master Ordinance. <br />"Issuance Date" -The date of delivery of a Series of Bonds to the initial purchaser(s) thereof <br />against payment therefor. <br />"Master Ordinance" -The "Master Ordinance Establishing the City of San Marcos, Texas <br />Pass-Through Toll Revenue Financing Program," adopted by the City on March 4, 2008, as maybe <br />amended or supplemented from time to time. <br />"Maturity" -When used with respect to the Bonds, the scheduled maturity of the Bonds. <br />"Maximum Rate" - A net effective interest rate (as defined in and calculated in accordance <br />with the provisions of the Chapter 1204, Texas Government Code, as amended not to exceed fifteen <br />percent (15%). <br />"MSRB" -The Municipal Securities Rulemaking Board. <br />"NRMSIR" -Each person whom the SEC or its staff has determined to be a nationally- <br />recognized municipal securities information repository within the meaning of the Rule from time <br />to time. <br />"Owner" -The registered owners of the Bonds as shown on the Security Register and to the <br />extent set forth in a Credit Agreement relating to the Bonds, the party contracting with the City <br />under a Credit Agreement. <br />"Paying Agent" -The agent selected and appointed by the City for purposes of paying the <br />principal of, premium, if any, and interest on the Bonds to the Owners thereof, as identified in <br />Section 2.03 hereof and any successor to such agent. <br />"Paying Agent/Registrar" -Collectively, the Paying Agent and the Registrar designated in <br />Section 2.03 of this First Supplement or any successor to such agent. <br />"Paying Agent/Registrar Agreement" -The agreement having such name executed by and <br />between the City and the Paying Agent/Registrar. <br />"Predecessor Bonds" -Predecessor Bonds as defined in Section 2.05(a) hereof. <br />"Rebate Fund" -The fund by that name described in Section 4.02 hereof. <br />"Record Date" -The last business day of the month next preceding an Interest Payment Date. <br />"Registrar" -The agent selected and appointed by the City for purposes of keeping and <br />maintaining books and records relating to the registration, transfer, exchange, and payment of the <br />Bonds and interest thereon, as identified in Section 2.03 hereof and any successor to such agent. <br />SAN MARCOS 2008: FustSupplemenfalOrdinance A-2 <br />