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<br />(ii)physical Bonds inregistered fonn are issued only to a Depository or its nominee as registered <br />owner, with the Bonds "immobilized" to the custody of the Depository, and the book entry is the <br />record that identifies the owners of beneficial interests in that principal and interest. <br /> <br />"Certificate of Award" means the certificate executed by the Fiscal Officer in <br />connection with the issuance and sale of the Bonds which contaíns the tenns set out at Section 6 <br />of this Ordinance, <br /> <br />"Depository" means any securities depository that is a clearing agency under <br />federal laW-Öperating a1idmàfutaíriìrig"'â"Böök-entry system to record beneficial ownership of the <br />right to principal and interest, and to effect transfers of Bonds, in book-entry fonn, and includes <br />and means initially The Depository Trust Company (a limited purpose trust company), New <br />York,NewYork <br /> <br />-,,'.w>,..., <br /> <br />"Earliest Optional Redemption Date" means the date, if any, specified as the <br />earliest optional redemption date for the Bonds in the Certificate of Award <br /> <br />"Fiscal Officer" means the Director of Finance of the City <br /> <br />"Interest Payment Date" means a date on which interest on the Bonds is due, as <br />determined in accordance with the Certificate of Award, <br /> <br />"Mandatory Redemption Dates" means, as to any of the Bonds which are Tenn <br />Bonds, the dates specified in the Certificate of Award_as the date on. which such Tenn' Bonds are <br />to be redeemed tbrough the application of Mandatory Sinking Fund Redemption Requirements <br /> <br />"Mandatory Sinking Fund Redemption Requirement" means the amount of the <br />principal of the Bonds that is required to be paid, plus interest accrued to the redemption date, on <br />any Mandatory Redemption Date. <br /> <br />"Minimum Authorized Denomination" means Five Thousand Dollars <br /> <br />"Optional Redemption Prices" means, the redemption prices J expressed as <br />percentages of the principal amount), if any, at which the City'may elect to redeem Bonds other <br />than by mandatory redemption througb application of M1mdatory Sinking Fund Redemption <br />Requirements <br /> <br />"Original Purchaser" means A. G; Edwards & Sons; Inc" S1. Louis, Missouri <br /> <br />"Participant" means any participant contracting with a Depository under a Book- <br />entry system and includes securities brokers and dealers, banks and trust companies, and clearing <br />corporations <br /> <br />"PILOTs" means those paym_ents in lieu of taxes that are due to the City pursuant <br />to the terms of the TIP Ordinance or a development agreement conce:r:rring the Property entered <br />into between the City and Pbil Vedda & Sons, Inc <br /> <br />"Principal Retirement Dates" means the dates On which the Bonds are to be <br />retired (whether at- their stated maturity or on Mandatory Redemption Dates), as specified <br />pursuant to this Ordinance in the Certificate of Award. <br /> <br />"Principal Retirement Schedule" means the schedule of the principal amount of <br />the Bonds to be retired on the Principal Retirement Dates in accordance with theìr stated <br />maturities or to be redeemed by mandatory redemption on the Mandatory Redemption Dates, as <br />specified pursuant to this Ordinance in the Certificate of Award. <br /> <br />Ordinance <br /> <br />"Property" means tbat real property identified as "Tbe Project Site" in the TIF <br /> <br />"Registrar" means the bank or trust company appointed by the Fiscal Officer to <br />act as authenticating agent, bond registrar, transfer agent and paying agent for the Bonds in <br />accordance with Section 8 of this Ordinance, <br /> <br />{CT0124;1} <br /> <br />2 <br />