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"Bonds" means the bonds anticipated by the Notes. <br /> <br /> "Book-Entry Form" or "Book-Entry System" means a form or. system under which <br />(a) the ownership of book-entry interests hi Notes and the Debt Service on the Notes may be <br />transfen'ed only through a book entry, and (b) physical note certificates in fully registered form <br />are issued by the City only to a Depository or its nominee as registered owner, with the Notes <br />deposited and retained in the custody of the Depository or its agent. <br /> <br /> "Certificate of Award" means the certificate authorized by Section 7 of this ordinance, <br />setting forth the tanns and other provisions of the Notes required or authorized by this ordinance. <br /> <br />"Closing Date" means the date of delivery of and payment for the Notes <br /> <br /> "Code" means the lnternal Revenue Code of 1986, as amended. References to the Code <br />and sections of the Code include applicable regulations (whether temporary or final) under the <br />Code, and any amendments of, or suecessor provisions to, those sections or regtdations; <br /> <br /> "Debt Service" means all mounts due as principal, interest, and any premium on an issue <br />of securities <br /> <br /> "Depository" means any securities depository that is a clearing agency under federal law <br />operating and maintaining, with its Participants or otherwise, a Book-Entry System to record <br />ownership of book-antry interests in securities or the principal of and interest on securities, and <br />to effect transfers of securities, hi Book-Entry Form and memos initially the Depository Trust <br />Company, New York, New York, a limited purpose trust company. <br /> <br /> "Federal Tax Status" means the status of the interest on the Notes as excludable ti'om <br />gross income for federal income tax purposes and not treated as an item of tax preference for <br />purposes of the alternative minimum tax. <br /> <br /> "Financing Costs" means any financing costs authorized to be paid by Section 133.01(K) <br />of the Ohio Revised Code. <br /> <br /> "Note Proceedings" means, collectively, this ordinance, the Certificate of Award, the <br />Registrar Agreement, and the other proceedings of the City, including the Notes, that provide <br />collectively for, among other things, the rights 6f holders and beneficial owners of the Notes. <br /> <br /> ''Notes" means the Mm~icipal Recreational Facilities Notes, Seres 2007, authorized by <br />tiffs ordinance. <br /> <br /> "Participant" means any participant contracting with a Depository under a Book-Entry <br />System and includes secmCties brokers and dealers, banks and trust companies, and cleating <br />corporations. <br /> <br /> "Project" means constructing, reconstructing, renovating; rehabilitating, and i~nproving <br />municipal recreational facilities at Lakewood Park and other municipal park and pool facilities. <br /> <br /> "Register" means all books and records necessary for the registration, exchange, and <br />transfer of the Notes <br /> <br /> "Registrar" means The Huntington National Bank, a national banking association, or any <br />successor registrar designated in accordance with the Registrar Agreement, or any other bank or <br />trust cmnpany as designated by the Director of Finance in the Certificate of Award <br /> <br /> "Registrar Agreement" means the Note Registrar Agreement between the City and the <br />Registrar, as supplemented, amended, or modified. <br /> <br /> "Unde~wvritar" means A.G. Edwards & Soax, Inc. <br /> <br />7 <br /> <br /> <br />