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<br />5;J.~ <br /> <br />"Designated Payment/Traosfer Office" meaos (i) with respect to the initial Paying <br />Agent/Registrar named herein, its corporate trust office in Dallas, Texas, and (ll) with respect to any <br />successor Paying AgentlRegisrrar, the office of such successor designated and located as may be agreed <br />upon by the City and such successor. <br /> <br />"DTC" means The Depository Trust Company of New York, New York, or any successor <br />securities depository. <br /> <br />"DTC Participant" meaos any broker, dealer, bank, trust company, clearing corporation or <br />certain other organizations with Bonds credited to an account maintained on its behalf by DTC. <br /> <br />"Escrow Agent" means Texas Commerce Bank National Association. <br /> <br />"Escrow Agreement" means the escrow agreement, dated as of July 24, 1995, by and between <br />the City and the Escrow Agent. <br /> <br />"Escrow Fund" means the fund referred to in Section 8.02 and 14.01 of this Ordinance and <br />established by the Escrow Agreement to hold cash and securities for the payment of principal of and <br />interest on the Refunded Obligations. <br /> <br />"Event of Default" means any Event of Default as defined in Section 10.01 of this Ordinance. <br /> <br />"Initial Bond" means the Bond described in Section 3.04(d) and 6.02(~. <br /> <br />"Interest and Sinking Fund" means the interest and sinking fund established by Section 8.01(a) <br />of this Ordinance. <br /> <br />"Interest Payment Date" means the date or dates upon which interest on the Bonds is scheduled <br />to be paid until the maturity of the Bonds, such dates being February 1 and August 1 of each year <br />commencing February 1, 1996. <br /> <br />"Ordinance" means this Ordinance. <br /> <br />"Original Issue Date" means the initial date from which interest on the Bonds accrues and which <br />is designated in Section 3.02(a) of this Ordinance. <br /> <br />"Owner" means the person who is the registered owner of a Bond or Bonds, as shown in the <br />Register. <br /> <br />"Paying Agent/Registrar" means Texas Commerce Bank National Association, any successor <br />thereto or an entity which is appointed as and assumes the duties of paying agent/registrar as provided <br />in this Ordinance. <br /> <br />"Purchaser" means the person, tirm or entity initially purchasing the Bonds from the City and <br />which is designated in Section 7.01 of this Ordinance. <br /> <br />"Record Date" means the 15th day of the month next preceding an Interest Payment Date. <br /> <br />SA.."lMAR'..GORFD, 9j'OOCS\ORDS'~0"::1."2: F}t <br /> <br />2 <br />