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investment rating firm no less than "AAA" or its equivalent and (iv) any other then authorized <br />securities or obligations under applicable State law that may be used to defease obligations such as <br />the Certificates. <br />"Designated Payment /Transfer Office" means (i) with respect to the initial Paying <br />Agent/Registrar named herein, its corporate trust 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 Certificates credited to an account maintained on its behalf by DTC. <br />"Event of Default" means any Event of Default as defined in Section 10.01 of this Ordinance. <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 Certificate" means the Certificate described in Section 3.04(d) and 6.02(d) for one or <br />more series of Certificates. <br />"Insurer" or "Bond Insurer" means the insurer of one or more series of the Certificates, if any, <br />as designated in the Pricing Certificate. <br />"Interest and Sinking Fund" means the interest and sinking fund, including any subaccounts, <br />established by Section 8.01(a) of this Ordinance. <br />"Interest Payment Date" means the date or dates upon which interest on the Certificates is <br />scheduled to be paid until the maturity of the Certificates, as provided in the Pricing Certificate. <br />"Ordinance" means this Ordinance. <br />"Original Issue Date" means the initial date from which interest on the Certificates accrues <br />and which is designated in Section 3.02(a) of this Ordinance. <br />"Owner" means the person who is the registered owner of a Certificate or Certificates, as <br />shown in the Register. <br />"Paying Agent/Registrar" means Wells Fargo Bank, N.A., any successor thereto or an entity <br />which is appointed as and assumes the duties of paying agent /registrar as provided in this Ordinance. <br />San Marcos CTRCO 2010: Ordinance <br />