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"Project" means improving streets by designing, renovating, and replacing traffic signals <br />in the City. <br />"Purchase Agreement" means any Note Purchase Agreement between the City and the <br />Original Purchaser, entered into. in accordance with Section 7 of this ordinance. <br />"Register" means all books and records necessary for the registration, exchange, and <br />transfer of the Notes. <br />"Registrar" means The Huntington National Bank or any successor registrar designated <br />in accordance with the Registrar Agreement, or any other bank or trust company as designated <br />by the Director of Finance in the Certificate of Award. <br />"Registrar Agreement" means the Note Registrar Agreement between the City and the <br />Registrar, as supplemented, amended, or modified. <br />"SEC Rule" means SEC Rule 15c2-12. <br />"SID" means the state information depository with which filings are required to be made <br />by the City in accordance with the SEC Rule. <br />"Specified Events" means any of the following events, with respect to the Notes: <br />principal and interest payment delinquencies; non-payment-related defaults; unscheduled draws <br />on debt-service reserves reflecting financial difficulties; unscheduled draws on credit <br />enhancements reflecting financial difficulties; substitution of credit or liquidity providers or their <br />failure to perform; adverse tax opinions or events affecting the tax-exempt status of the Notes; <br />modifications to rights of Holders or beneficial owners of the Notes; bond calls; defeasances; <br />release, substitution, or sale of property securing repayment of the Notes; and rating changes. <br />-14- <br />