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<br />ARTICLE I <br /> <br />DEFINITIONS AND OTHER PRELIMINARY MATTERS <br /> <br />Section 1.01. Definitions. <br /> <br />Unless otherwise expressly provided or unless the context clearly requires otherwise, in this <br />Ordinance the following terms shall have the meanings specified below: <br /> <br />"Certificate" means any of the Certificates. <br /> <br />"Certificates" means the City's certificates of obligation entitled "City of San Marcos, Texas, <br />Combination Tax and Revenue Certificates of Obligation, Series 1999" authorized to be issued by Section <br />3.01 of this Ordinance. <br /> <br />"Closing Date" means the date of the initial delivery of and payment for the Certificates. <br /> <br />"Code" means the Internal Revenue Code of 1986, as amended, including applicable regulations, <br />published rulings and court decisions relating thereto. <br /> <br />"Construction Fund" means the construction fund established by Section 8.01(a) of this Ordinance. <br /> <br />"Designated Payment/Transfer Office" means (i) with respect to the initial Paying Agent/Registrar <br />named herein, its corporate trust office in Dallas, Texas, and (ii) with respect to any successor Paying <br />Agent/Registrar, the office of such successor designated and located as may be agreed upon by the City and <br />such successor. <br /> <br />"DTC" shall mean The Depository Trust Company of New York, New York, or any successor <br />securities depository. <br /> <br />"DTC Participant" shall mean 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 /> <br />"Event of Default" means any Event of Default as defined in Section 10.01 of this Ordinance. <br /> <br />"Initial Certificate" means the Certificate described in Section 3 .04( d) and 6.02(d). <br /> <br />"Interest and Sinking Fund" means the interest and sinking fund established by Section 8.01(a) of <br />this Ordinance. <br /> <br />"Interest Payment Date" means the date or dates upon which interest on the Certificates js scheduled <br />to be paid until the maturity or prior redemption of the Certificates, such dates being February 15 and August <br />15 of each year commencing February 15, 2000. <br /> <br />"Ordinance" means this Ordinance. <br /> <br />"Original Issue Date" means the initial date from which interest on the Certificates accrues and <br />which is designated in Section 3.02(a) of this Ordinance. <br /> <br />RISANMARICO.99\DOCS\ORDNCFN. WPD <br /> <br />2 <br />