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<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 />"Escrow Agreement" means the Escrow Agreement between the City and the Escrow
<br />Trustee, as it may be modified from the form on file with the Clerk of Council and signed by the
<br />Mayor and the Director of Finance in accordance with Section 8 of this ordinance.
<br />"Escrow Fund" means the Escrow Fund established pursuant to Section 9 of this
<br />ordinance.
<br />"Escrow Trustee" means U.S. Bank National Association, Cleveland, Ohio, as the initial
<br />escrow agent with respect to the Refunded Bonds under the Escrow Agreement and until a successor
<br />Escrow Trustee shall have become such pursuant to the provisions of the Escrow Agreement and,
<br />thereafter, "Escrow Trustee" shall mean the successor Escrow Trustee.
<br />"Interest Accretion Dates" means, as to any Capital Appreciation Bonds, June 1 and
<br />December 1 in each year during which any Capital Appreciation Bonds are outstanding, commencing
<br />June 1, 2006.
<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 1, 2006, and
<br />(b) as to any Capital Appreciation Bonds, 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 maturity.
<br />"Original Bond Legislation" means, collectively, Ordinance No. 96-127 passed by this
<br />Council on September 17, 1996, and the related certificate of award dated November 20, 1996,
<br />signed by the Mayor and the Director of Finance pursuant thereto, authorizing the issuance and sale
<br />of the Original Bonds.
<br />"Original Bonds" means the City's $4,200,000 Recreational Facilities Bonds, Series
<br />1996A, issued as a part of a consolidated issue of $43,020,000 Various Purpose Improvement Bonds,
<br />Series 1996, dated as of November 15, 1996, pursuant to the Original Bond Legislation.
<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 trust companies, and clearing
<br />corporations.
<br />"Principal Payment Dates" means December 1 in each of the years from 2006 through
<br />2021.
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