96-131 Ordinance - Laserfiche WebLink

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_ . _?. and which, together with the agreements of the City set forth in that subsection, shall constitute the Continuing 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 and maturing on the dates set forth in the Certificate of Award, 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 l, commencing June 1, 1997, 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 Interest Bonds are outstanding, commencing June 1, 1997, 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 and interest due and payable at the stated maturiry of that Bond. "MSRB" means the Municipal Securities Rulemaking Board 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. "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 and including 1997 to and including 2006. "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 executed by the Mayor and the Director of Finance in accordance with Section 6. "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 executed by the Director of Finance in accordance with Section 4. "Rule" means Rule 15c2-12 prescribed by the SEC pursuant to the Securities Exchange Act of 1934. "SEC" means the Securities and Exchange Commission. -4- D03:[00523.DOCS.NOR05228]BOND ORDINANCE PARK REC $9'70.