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Appreciation Bonds of each maturity as of each Interest Accretion Date shall be set <br />forth in the Certificate of Awa.rd. The Compound Accreted Amount of a Capital <br />Appreciation Bond as of any date other than an Interest Accretion Date is the sum of (a) <br />the Compound Accreted Amount for that Bond on the immediately preceding Interest <br />Accretion Date plus (b) the product of (i) the difference between (A) the Compound <br />Accreted Amount of that Bond on the immediately preceding Interest Accretion Date <br />minus (B) the Compound Accreted Amount of that Bond on the immediately <br />succeeding Interest Accretion Date, times (ii) the ratio of (C) the number of days from <br />the immediately preceding Interest Accretion Date to the date of determination to (D) <br />the total number of days from that immediately preceding Interest Accretion Date to the <br />immediately succeeding Interest Accretion Date; provided, however, that in <br />determining the Compound Accreted Amount of a Capital Appreciation Bond as of a <br />date prior to the first Interest Accretion Date, the Closing Date shall be deemed to be <br />the immediately preceding Interest Accretion Date and the principal amount of that <br />Bond shall be deemed to be the Compound Accreted Amount on the Closing Date. <br />"Continuing Disclosure Certificate" means the certificate authorized by <br />subsection (c) of Section 6, to be substantially in the form attached as Exhibit B to the <br />Purchase Agreement, and which, together with the agreements of the City set forth in <br />that subsection, shall constitute the Continuing Disclosure Agreement made by the City <br />for the benefit of holders and beneficial owners of the Bonds in accordance with the <br />Rule. <br />"Current Interest Bonds" means those Bonds designated as such in the <br />Certificate of Award, being Bonds bearing interest payable on each Interest Payment <br />Date. <br />"Depository" means any securities depository that is a clearing agency under <br />federal law operating and maintaining, with its Participants or otherwise, a book entry <br />system to record ownership of book entry interests in Bonds or the principal of and <br />interest on Bonds, and to effect transfers of Bonds, in book entry form, and includes <br />and means initially The Depository Trust Company (a limited purpose trust company), <br />New York, New York. <br />"Interest Accretion Dates" means, with respect to Capital Appreciation Bonds, if <br />any, each June 1 and December 1, commencing June 1, 2001, in the years during which <br />any Capital Appreciation Bonds are outstanding. <br />"Interest Payment Dates" means (a) as to Current Interest Bonds, June 1 and <br />December 1 of each year during which the Current Interest Bonds are outstanding, <br />commencing June l, 2001, and (b) as to Capital Appreciation Bonds, if any, their <br />respective maturity dates. <br />"Maturity Amount" means, with respect to a Capital Appreciation Bond, the <br />principal of and interest on that Bond due and payable at its stated maturity. <br />3 <br />x..?. . .:.euwk+? ?.. . :.__ _. . ' _ ... . . . . . .... .,P?^'?n;,.._n. , ... . . _ r-'°.u rv.w ._._.. . ?: ?e ?;. ?m?'?']45+?i@YK?' n,t•s.P'?°'Mt'i'?..an„e« -.?.». . . .. ... . ... . .. .. .