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<br />Code includes any applicable successor section or provision and such applicable Regulations,
<br />rulings, announcements, notices, procedures and determinations pertinent to that Section.
<br />"Compound Accreted Amount" means, with respect to any Capital Appreciation
<br />Bond, the original principal amount thereof plus interest accrued and compounded on each
<br />Interest Accretion Date to the date of maturity or other date of determination. The Compound
<br />Accreted Amount per Maturiry Amount of $5,000 of the Capital Appreciation Bonds of each
<br />maturity as of each Interest Accretion Date shall be set forth in the Certificate of Award. The
<br />Compound Accreted Amount of a Capital Appreciation Bond as of any date other than an
<br />Interest Accretion Date is the sum of (a) the Compound Accreted Amount for that Bond on the
<br />immediately preceding Interest Accretion Date plus (b) the product of (i) the difference between
<br />(A) the Compound Accreted Amount of that Bond on the immediately preceding Interest
<br />Accretion Date minus (B) the Compound Accreted Amount of that Bond on the immediately
<br />succeeding Interest Accretion Date, times (ii) the ratio of (C) the number of days from the
<br />immediately preceding Interest Accretion Date to the date of determination to (D) the total
<br />number of days from that immediately preceding Interest Accretion Date to the immediately
<br />succeeding Interest Accretion Date; provided, however, that in determining the Compound
<br />Accreted Amount of a Capital Appreciation Bond as of a date prior to the first Interest Accretion
<br />Date, the Closing Date shall be deemed to be the immediately preceding Interest Accretion Date
<br />and the original principal amount of that Bond shall be deemed to be the Compound Accreted
<br />Amount on the Closing Date.
<br />"Continuing Disclosure Certificate" means the certificate authorized by subsection
<br />(c) of Section 6, to be substantially in the form attached as Exhibit B to the Purchase Agreement,
<br />and which, together with the agreements of the City set forth in that subsection, shall constitute
<br />the Continuing Disclosure Agreement made by the City for the benefit of holders and beneficial
<br />owners of the Bonds in accordance with the Rule.
<br />"Current Interest Bonds" means, collectively, the Current Interest Serial Bonds and
<br />the Term Bonds.
<br />"Current Interest Serial Bonds" means those Current Interest Bonds designated as
<br />such and maturing on the dates set forth in the Certificate of Award, bearing interest payable
<br />on each Interest Payment Date and not subject to mandatory sinking fund redemption.
<br />"Depository" means any securities depository that is a clearing agency under federal
<br />law 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
<br />effect transfers of Bonds, in book entry form, and includes and means initially The Depository
<br />Trust 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 1, commencing June 1, 1997, 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
<br />December 1 of each year during which the Current Interest Bonds are outstanding, commencing
<br />June 1, 1997, and (b) as to Capital Appreciation Bonds, if any, their respective maturity dates.
<br />"Maturity Amount" means, with respect to a Capital Appreciation Bond, the principal
<br />and interest due and payable at the stated maturity of that Bond.
<br />"MSRB" means the Municipal Securities Rulemaking Board established by the SEC.
<br />-3-
<br />D03:[00523.DOCS.NOR05228]BOND_ORDINANCE_FIRE_STATION_$3_440.
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