Ord 2002-054 - Laserfiche WebLink

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"Bonds" means the City's bonds entitled "City of San Marcos, Texas, Electric Utility System Revenue Refunding Bonds, Series 2002" authorized to be issued by Section 3.01. "Closing Date" means the date of the initial delivery of and payment for the Bonds. "Code" means the Internal Revenue Code of 1986, as amended, including applicable regulations, published rulings and court decisions relating thereto. "Designated Payment/Transfer Office" means (i) with respect to the initial Paying Agent/Registrar named herein, its corporate trust office in Dallas, Texas, and (ii) with respect to any successor Paying Agent/Registrar, the office of such successor designated and located as may be agreed upon by the City and such successor. "DTC" means The Depository Trust Company of New York, New York, or any successor securities depository. "DTC Participant" means any broker, dealer, bank, trust company, clearing corporation or certain other organizations with Bonds credited to an account maintained on its behalf by DTC. "Escrow Agent" means lPMorgan Chase Bank. "Escrow Agreement" means the escrow agreement, dated as of August 12, 2002, by and between the City and the Escrow Agent. "Escrow Fund" means the fund referred to in Sections 7.03, 8.09 and 10.01 of this Ordinance and established by the Escrow Agreement to hold cash and securities for the payment of principal of and interest on the Refunded Bonds. "Event of Default" means any Event of Default as defined in Section 11.01. "Fiscal Year" means twelve months' period beginning October 1 of each year and ending September 30 ofthe succeeding year. "Gross Revenues" and "Gross Revenues of the City's Electric Light and Power System" mean all revenue, income and receipts of every nature derived or received by the City from the operation and ownership of the System, including the interest income from the investment or deposit of money in any Fund (other than the Reserve Fund and the Interest and Sinking Fund) created by this Ordinance or maintained by the City in connection with the System. "Initial Bond" means the Bond described in Section 3 .04( d) and 6.02( d). "Interest and Sinking Fund" means the interest and sinking fund established by Section 8.01(b). "Interest Payment Date" means the date or dates upon which interest on the Bonds is scheduled to be paid until the maturity or prior redemption of the Bonds, such dates being May 1 and November 1 of each year commencing November 1, 2002. R\San MarcoslEUS IUdg.02IDocs\OrdinanceIFinal.wpd 2