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<br />"Bond Register" means the Issuer's record, maintained by the <br />Registrar, of the names and addresses of the Holders of Bonds and, if issued in <br />other than bearer form, Notes. <br /> <br />"Bond Counsel" means Calfee, Halter & Griswold or another firm of <br />attorneys selected by the Issuer of nationally recognized standing on the subject <br />of municipal bonds. <br /> <br />"Bond Service Charges" means, for any period of time, the principal <br />of (whether at stated maturity, by mandatory sinking fund redemption requiremE¡nt <br />or othe~ise) and interest and any premium required to be paid by the Issuer <br />on Bonds or Notes for that period or payable at that time, as the case may be. <br /> <br />"Bond Year" means each twelve month period ending on and including <br />December 31. <br /> <br />"Bonds" means all of the Sanitary Sewer System Special Obligation <br />Bonds, or an issue or series of Bonds, as the case may be, of the Issuer issued <br />pursuant to this General Bond Legislation and any SE¡ries Legislation. <br /> <br />"Book-entry form" or "Book-entry system" means a form or system under <br />which (i) the beneficial right to principal and interest may be transferred only <br />through a book-entry (ii) physical bonds in registered form are issued to a <br />Depository or its nominee as registered owner, with the bonds "immobilized". in <br />the custody of the Depository, and (iii) the book-entry is a record that <br />identifies the owner of beneficial interests in that principal and interest. <br /> <br />"Business Day" means any day of the year other than (i) a Saturday, <br />Sunday or legal holiday in the State of Ohio or New York, or (ii) a day on which <br />the Fiscal Agent or any Paying Agent is closed or banking institutions located <br />in Ohio or New York and chartered by the States of Ohio or New York or the United <br />States of America are authorized to close. <br /> <br />"Certificate of Award" means the certificate 6f award executed by an <br />Authorized official pursuant to this General Bond Legislation and the applicable <br />Series LE¡gislation setting forth and determining those terms or other matters <br />pertaining to thE¡ Bonds or Notes, as the case may be, and their issuance, sale <br />and delivery as such Series Legislation authorizing their issuance provides. <br /> <br />"Clerk" means the clerk of the Legislative Authority. <br /> <br />"Code" means the Internal Revenue Code of 1986, as amended, and the <br />applicable rules and regulations thereunder. <br /> <br />"Debt Service Fund" means the City of Lakewood, Ohio Debt Service <br />Fund created in Section 11 hereof to be maintained and held in the custody of the <br />Fiscal Agent. <br /> <br />"Depository" means any securities depository that is a clearing agent <br />under federal law opE¡rating and maintaining, with its Participants or otherwise, <br />a Book-entry system to record ownership of book-entry interests in Bonds and to <br />effect transfers of book-entry interests in Bonds in Book-entry form, and <br />includes and means initially The Depository Trust Company (a 'limited purposE¡ <br />trust company), New York, New York. <br /> <br />"Eligible Investments" means obligations that are lawful under the <br />laws of the State and the Charter and ordinances of the Issuer for the investment <br />of public moneys of the Issuer with respect to which an instruction or direction <br />for purchasE¡ thereof has been received from the Fiscal Officer. <br /> <br />-2- <br />