2000-089 Ordinance - Laserfiche WebLink

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to the date of maturity or other date of deternunation. The Compound Accreted Amount per Maturity Amount of $5,000 of the Capital Appreciation Bonds of each maturity as of each Interest Accretion Date sha11 be set forth in the Certificate of Award. The Compound Accreted Amount of a Capital Appreciation Bond as of any date other than an Interest Accretion Date is the sum of (a) the Compound Accreted Amount for that Bond on the immediately preceding Interest Accretion Date plus (b) the product of (i) the difference between (A) the Compound Accreted Amount of that Bond on the immediately preceding Interest Accretion Date minus (B) the Compound Accreted Amount of that Bond on the immediately succeeding Interest Accretion Date, times (ii) the ratio of (C) the nuxnber of days from the immediately preceding Interest Accretion Date to the date of determination to (D) the total number of days from that immediately preceding Interest Accretion Date to the immediately succeeding Interest Accretion Date; provided, however, that in determining the Compound Accreted Amount of a Capital Appreciation Bond as of a date prior to the first Interest Accretion Date, the Closing Date shall be deemed to be the immediately preceding Interest Accretion Date and the principal amount of that Bond shall be deemed to be the Compound Accreted Amount on the Closing Date. "Continuing Disclosure Certificate" means the certificate authorized by subsection (c) of Section 6, to be substantially in the form attached as Exhibit B to the Purchase Agreement, and which, together with the agreements of the City set forth in that subsection, shall constitute the Continuuig Disclosure Agreement made by the City for the benefit of holders and beneficial owners of the Bonds in accordance with the Rule. "Current Interest Bonds" means those Bonds designated as such in the Certificate of Award, being Bonds bearing interest payable on each Interest Payment Date. "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. "Interest Accretion Dates" means, with respect to Capital Appreciation Bonds, if any, each June 1 and December 1, commencing June 1, 2001, in the years during which any Capital Appreciation Bonds are outstanding. "Interest Payment Dates" means (a) as to Current Interest Bonds, June 1 and December 1 of each year during which the Current IYterest Bonds are outstanding, commencing June 1, 2001, and (b) as to Capital Appreciation Bonds, if any, their respective maturity dates. "Maturity Amount" means, with respect to a Capital Appreciation Bond, the principal of and interest on that Bond due and payable at its stated maturity. "MSRB" means the Municipal Securities Rulemaking Boazd established by the SEC. "NRMSIR" means each nationally recognized municipal securities information repository designated from time to time by the SEC in accordance with the Rule. -3- ,,.?? .,?„? .. . ?..,?? .