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immediately succeeding Interest Accretion Date, times (ii) the ratio of (C) the number of days from <br />the 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 Accreted <br />Amount of a Capital Appreciation Bond as of a date prior to the first Interest Accretion Date, the <br />Closing Date shall be deemed to be the immediately preceding Interest Accretion Date and the <br />principal amount of that Bond shall be deemed to be the Compound Accreted Amount on the <br />Closing Date. <br />"Continuing Disclosure Agreement" means the continuing disclosure agreement to be <br />signed by the Mayor and the Director of Finance pursuant to subsection (c) of Section 6, to be <br />substantially in the form on file with the Clerk of Council, and which, together with the agreements <br />of the City set forth in that subsection and the Bonds, shall constitute the continuing disclosure <br />agreement made by the City for the benefit of holders and beneficial owners of the Bonds in <br />accordance with the Rule. <br />"Current Interest Bonds" means those Bonds designated as such in the Certificate of <br />Award, all of which shall bear interest payable on each Interest Payment Date. <br />"Current Interest Serial Bonds" or "Serial Bonds" means those Current Interest Bonds <br />designated as such in the Certificate of Award, maturing on the Principal Payment Dates set forth in <br />the Certificate of Award, bearing interest payable on each Interest Payment Date and not subject to <br />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 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 />"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 June 1, 2021, or such other date not later than December 1, 2021 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 December 1, <br />2021, or such other date not later than December 1, 2021 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 />"Mandatory Sinking Fund Redemption Requirements" means Mandatory Sinking Fund <br />Redemption Requirements as defined in subsection (e)(i) of Section 3. <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 />-3- <br />