39-12 Retire Outstanding Note with Bond Proceeds

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"Continuing Disclosure Agreement" means the Continuing Disclosure Agreement authorized by this Ordinance. "Depository" means any securities depository that is a clearing agency under federal law operating and maintaining, with its Participants or otherwise, a book entry system to record ownership of book entry interests in Bonds or the principal of and interest on Bonds, and to effect transfers of Bonds, in book entry form, and includes and means initially The Depository Trust Company (a limited purpose trust company), New York, New York. "Director of Finance" means the Director of Finance of the City. "Director of Law" means the Director of Law of the City. "Final Terms Certificate" means the Final Terms Certificate authorized by this Ordinance. "Improvement" means improving, renovating, furnishing and equipping municipal buildings and improving municipal sites and rights-of--way, improving Franklin Boulevard, Hilliard Road, Homewood Drive, Gold Coast Lane, Forest Road, Indianola Avenue, West Forest Drive, Overbrook Avenue, West Clifton Boulevard, St. Charles Avenue, Lakewood Heights Boulevard and streets located in the City, acquiring police communication equipment, improving parks and improving sanitary sewers and the wastewater treatment plant. "Interest Payment Dates" means June 1 and December 1 of each year that the Bonds are outstanding, commencing June 1, 2013. "Mandatory Sinking Fund Redemption" means the schedule(s) of the mandatory redemption of Term Bonds set forth in the Final Terms Certificate. "Mandatory Sinking Fund Redemption Dates" means those Principal Payment Dates set forth in the Final Terms Certificate on which a portion of the principal amount of the Term Bonds are required to be redeemed. "Mayor" means the Mayor of the City. "Original Purchaser" means KeyBanc Capital Markets Inc. "Outstanding Note" means the. City's Various Purpose Improvement and Refunding Note, Series 2012, dated April 18, 2012 and maturing on October 18, 2012. "Participant" means any participant contracting with a Depository under a book entry system and includes securities brokers and dealers, banks and trust companies, and clearing corporations. "Preliminary Official Statement" means the preliminary official statement of the City relating to the issuance of the Bonds.