Laserfiche WebLink
"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 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 Director of Finance in accordance with Section 8 of this ordinance. <br /> "Escrow Fund" means the City of North Olmsted Refunded 2006A Bonds Escrow <br /> Fund established pursuant to Section 9 of this ordinance. <br /> "Escrow Trustee" means U.S. Bank National Association, as the initial escrow agent <br /> with respect to the Refunded Bonds under the Escrow Agreement and until a successor Escrow <br /> Trustee shall have become such pursuant to the provisions of the Escrow Agreement and,thereafter, <br /> "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, <br /> commencing December 1, 2015, or such other date not later than June 1, 2016 as may be specified <br /> by the Mayor and the Director of Finance in the Certificate of Award. <br /> "Interest Payment Dates"means (a) as to Current Interest Bonds, June 1 and December <br /> 1 of each year during which the Current Interest Bonds are outstanding, commencing June 1, 2016, <br /> or such other date not later than December 1, 2016 as may be specified by the Mayor and the <br /> Director of Finance in the Certificate of Award and (b) as to any Capital Appreciation Bonds, their <br /> respective maturity dates. <br /> "Maturity Amount" means, with respect to a Capital Appreciation Bond, the principal <br /> of and interest on that Bond due and payable at its stated maturity. <br /> "Original Purchaser"means The Huntington Investment Company, Columbus, 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 2016 through <br /> 2021. <br /> "Purchase Agreement" means the Bond Purchase Agreement between the City and the <br /> Original Purchaser, as it may be modified from the form on file with the Clerk of Council and <br /> signed by the Mayor and the Director of Finance in accordance with Section 6. <br /> - 4 - <br />