Ord 1995-047 - Laserfiche WebLink

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33/1 "Code" means the Internal Revenue Code of 1986, as amended, including applicable regulations, published rulings and court decisions relating thereto. "Designated PaymentfTransfer Office" means (i) with respect to the initial Paying AgentlRegistrar named herein, its corporate trust office in Dallas, Texas, and (ii) with respect to any successor Paying AgentlRegistrar, the office of such successor designated and located as may be agreed upon by the City and such successor. "DTC" shall mean The Depository Trust Company of New York, New York, or any successor securities depository. "DTC Participant" shall mean 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 Texas Commerce Bank: National Association. ''Escrow Agreement" means the escrow agreement, dated as of July 24, 1995, by and between the City and the Escrow Agent. "Escrow Fund" means the fund referred to in Section 8.02 and 16.01 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 Obligations. . "Event of Default" means any Event of Default as defined in Section 11.01 of this Ordinance. "Fiscal Year" means twelve months' period beginning October 1 of each year and ending September 30 of the succeeding year. "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) of this Ordinance. "Interest Payment Date" means the date or dates upon which interest on the Bonds is scheduled to be paid until the maturity of the Bonds, such dates being January 1 and July 1 of each year commencing January I, 1996. "Net Revenues" means the gross revenues of the System less the expense of operation and maintenance, including all salaries, labor, materials, repairs and extensions necessary to render efficient service, provided, however, that only such repairs and extensions as in the judgment of the City Council, reasonably and fairly exercised, are necessary to keep the System in operation and render adequate service to the City and the inhabitants thereof, or such as might be necessary to meet some physical accident or condition which would otherWise impair the security of any special 1l:\3A.."'IMAR\\.Y'W'S.SltUrooC5\ORD~"CE.O'Z7,.4l.F 3