2014/09/24 Council Agenda Packet

Expiration Date means the earlier of the Stated Expiration Date or any date upon which a Liquidity Facility or a Credit Facility expires in accordance with its terms, other than any date that is also a Termination Date or a Conversion Date. Federal Funds Rate means, for any day, the rate per annum equal to the weighted average of the rates on overnight Federal funds transactions with members of the Federal Reserve System arranged by Federal funds brokers on such day, as published by the Federal Reserve Bank of New York on the Business Day next succeeding such day;provided that if such day is not a Business Day, then the Federal Funds Rate for such day shall be such rate on such transactions on the next preceding Business Day as so published on the next succeeding Business Day. Fitch means Fitch Ratings, a corporation organized and existing under the laws of the State of Delaware, its successors and their assigns, or, if such corporation shall be dissolved or liquidated or shall no longer perform the functions of a securities rating agency, any other nationally recognized securities rating agency designated by the Designated Representative. Fixed Rate means the interest rate or rates for the Bonds deteiinined pursuant to Section 2.04. Fixed Rate Bonds means Bonds that bear interest at a Fixed Rate. Fixed Rate Conversion Date means the day on which the interest rate on the Bonds is converted to the Fixed Rate. Fixed Rate Period means the period subsequent to the Fixed Rate Conversion Date. Government Obligations means those obligations now or hereafter defined as such in chapter 39.53 RCW. -8- P:120287_CMVN20287_AMT 09/16/14