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<br />"Code" means the Internal Revenue Code of 1986, the Regulations (whether temporary
<br />or final) under that Code or the statutory predecessor of that Code, and any amendments of, or
<br />successor provisions to, the foregoing and any official rulings, announcements, notices, procedures
<br />and judicial determinations regarding any of the foregoing, all as and to the extent applicable. Unless
<br />otherwise indicated, reference to a Section of the Code includes any applicable successor section or
<br />provision and such applicable Regulations, rulings, announcements, notices, procedures and
<br />determinations pertinent to that Section.
<br />"Compound Accreted Amount" means, with respect to any Capital Appreciation Bond,
<br />the principal amount thereof plus interest accrued and compounded on each Interest Accretion Date
<br />to the date of maturity or other date of determination. The Compound Accreted Amount per Maturity
<br />Amount of $5,000 of the Capital Appreciation Bonds of each maturity as of each Interest Accretion
<br />Date sha11 be set forth in the Certificate of Award. 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) the
<br />Compound Accreted Amount for that Bond on the immediately preceding Interest Accretion Date
<br />plus (b) the product of (i) the difference between (A) the Compound Accreted Amount of that Bond
<br />on the immediately preceding Interest Accretion Date minus (B) the Compound Accreted Amount of
<br />that Bond on the immediately succeeding Interest Accretion Date, times (ii) the ratio of (C) the
<br />number of days from the immediately preceding Interest Accretion Date to the date of determination
<br />to (D) the total number of days from that immediately preceding Interest Accretion Date to the
<br />immediately succeeding Interest Accretion Date; provided, however, that in determining the
<br />Compound Accreted Amount of a Capital Appreciation Bond as of a date prior to the first Interest
<br />Accretion Date, the Closing Date shall be deemed to be the immediately preceding Interest Accretion
<br />Date and the principal amount of that Bond shall be deemed to be the Compound Accreted Amount
<br />on the Closing Date.
<br />"Continuing Disclosure Certificate" means the certificate authorized by subsection (c) of
<br />Section 6, to be substantially in the form attached as Exhibit B to the Purchase Agreement, and which,
<br />together with the agreements of the City set forth in that subsection, shall constitute the Continuing
<br />Disclosure Agreement made by the City for the benefit of holders and beneficial owners of the Bonds
<br />in accordance with the Rule.
<br />"Current Interest Bonds" means, collectively, the Current Interest Serial Bonds and the
<br />Term Bonds.
<br />"Current Interest Serial Bonds" means those Current Interest Bonds designated as such
<br />in the Certificate of Awazd, maturing on the dates set forth therein, bearing interest payable on each
<br />Interest Payment Date and not subject to mandatory sinking fund redemption.
<br />"Depository" means any securities depository that is a clearing agency under federal law
<br />operating and maintaining, with its Participants or otherwise, a book entry system to record
<br />ownership of book entry interests in Bonds or the principal of and interest on Bonds, and to effect
<br />transfers of Bonds, in book entry form, and includes and means initially The Depository Trust
<br />Company (a limited purpose trust company), New York, New York.
<br />"Interest Accretion Dates" means, with respect to Capital Appreciation Bonds, if any,
<br />each June 1 and December l, commencing June 1, 2001, in the years during which any Capital
<br />Appreciation Bonds are outstanding.
<br />"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 l, 2001, and
<br />(b) as to Capital Appreciation Bonds, if any, their respective maturity dates.
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