2006-021 Ordinance - Laserfiche WebLink

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"Escrow Fund" means the Escrow Fund established pursuant to Section 9 of this ordinance. "Escrow Trustee" means U.S. Bank National Association, Cleveland, Ohio, as the initial escrow agent with respect to the Refunded Bonds under the Escrow Agreement and until a successor Escrow Trustee shall have become such pursuant to the provisions of the Escrow Agreement and, thereafter, "Escrow Trustee" shall mean the successor Escrow Trustee. "Interest Accretion Dates" means, as to any Capital Appreciation Bonds, June 1 and December 1 in each year during which any Capital Appreciation Bonds are outstanding, commencing June 1, 2006. "Interest Payment Dates" means (a) as to Current Interest Bonds, June 1 and December 1 of each year during which the Current Interest Bonds are outstanding, commencing June 1, 2006, and (b) as to any Capital Appreciation Bonds, 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. "Original Bond Legislation" means, collectively, Ordinance No. 96-126 passed by this Council on September 17, 1996, and the related certificate of award dated November 20, 1996, signed by the Mayor and the Director of Finance pursuant thereto, authorizing the issuance and sale of the Original Bonds. "Original Bonds" means the City's $7,840,000 Street Improvement Bonds, Series 1996A, issued as a part of a consolidated issue of $43,020,000 Various Purpose Improvement Bonds, Series 1996, dated as of November 15, 1996, pursuant to the Original Bond Legislation. "Original Purchaser" means NatCity Investments, Inc., Cleveland, Ohio. "Participant" means any participant contracting with a Depository under a book entry system and includes securities brokers and dealers, banks and trust companies, and clearing corporations. "Principal Payment Dates" means December 1 in each of the years from 2006 through 2016. "Purchase Agreement" means the Bond Purchase Agreement between the City and the Original Purchaser, as it may be modified from the form on file with the Clerk of Council and signed by the Mayor and the Director of Finance in accordance with Section 6. "Refunded Bonds" means the $2,835,000 of the Original Bonds now outstanding stated to mature on December 1, 2016. "Registrar Agreement" means the Bond Registrar Agreement between the City and the Bond Registrar, as it may be modified from the form on file with the Clerk of Council and signed by the Mayor and the Director of Finance in accordance with Section 4. -4-