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"Interest Payment Dates" means (a) as to Current Interest Bonds, June 1 and December 1 <br />of each year during which the Current Interest Bonds are outstanding, commencing June 1, 2001, and <br />(b) as to Capital Appreciation Bonds, if any, their respective maturity dates. <br />"Maturity Amount" means, with respect to a Capital Appreciation Bond, the principal of <br />and interest on that Bond due and payable at its stated maiurity. <br />"MSRB" means the Municipal Securities Rulemaking Board established by the SEC. <br />"NRMSIR" means each nationally recognized municipal securities information <br />repository designated from time to time by the SEC in accordance with the Rule. <br />"Original Purchaser" means NatCity Investments, Inc., Cleveland, Ohio. <br />"Participant" means any participant contracting with a Depository under a book entry <br />system and includes securities brokers and dealers, banks and hust companies, and clearing <br />corporations. <br />"Principal Payment Dates" means December 1 in each of the years from and including <br />2001 to and including 2020. <br />"Purchase Agreement" means the Bond Purchase Agreement between the City and the <br />Original Purchaser, as it may be modified from the form on file with the Clerk of Council and <br />executed by the Mayor and the Director of Finance in accordance with Section 6. <br />"Registrar Agreement" means the Bond Registrar Agreement between the City and the <br />Bond Registrar, as it may be modified from the form on file with the Clerk of Council and executed <br />by the Director of Finance in accordance with Section 4. <br />"Rule" means Rule 15c2-12 prescribed by the SEC pursuant to the Securities Exchange <br />Act of 1934. <br />"SEC" means the Securities and Exchange Commission. <br />"SID" means the state information depository, if any, with which filings are required to <br />be made by the City in accordance with the Rule. <br />"Specified Events" means the occurrence of any of the following events, within the <br />meaning of the Rule, with respect to the Bonds, as applicable: principal and interest payment <br />delinquencies; non-payment related defaults; unscheduled draws on debt service reserves reflecting <br />financial difficulties; unscheduled draws on credit enhancements reflecting financial difficulties; <br />substitution of credit or liquidity providers, or their failure to perform; adverse tax opinions or events <br />affecting the tax-exempt status of the Bonds; modifications to rights of holders or beneficial owners <br />of the Bonds; Bond calls; defeasances; release, substitution, or sale of properry securing repayment of <br />the Bonds; and rating changes. The City has not obtained or provided, and does not expect to obtain <br />-4- <br />?„.