2023/04/05 Council Agenda Packet

issuance provides that the bond anticipation notes will be funded with the proceeds of Future Parity Bonds. Rating Agency means S&P, Moody's or Fitch. Rating Category means the generic rating categories of the Rating Agency, without regard to any refinement or gradation of such rating category by a numerical modifier or otherwise. Record Date means the close of business on the 15th day of the month prior to the date on which a payment of interest on the Bonds is due and payable. Refunded Bonds means those Refunding Bond Candidates designated by the Designated Representative or his/her designee pursuant to authority delegated by Section 16 of this ordinance Refunding Bond Candidates means all or a portion of the 2013 Bonds maturing on and after December 1, 2023. Refunding Bonds means the City's water and sewer revenue refunding bonds authorized to be issued pursuant to Section 3(b) of this ordinance. Registered Owner means the person in whose name the Bond is registered on the Bond Register. For so long as the Bonds are held in book -entry only form, DTC shall be deemed to be the sole Registered Owner. Registrar means the fiscal agent of the State of Washington for the purposes of registering and authenticating the Bonds, maintaining the Bond Register, effecting transfer of ownership of the Bonds, and paying the principal of, premium, if any, and interest on the Bonds. Reserve Account means common Reserve Account maintained pursuant to Section 7(b) of this ordinance -14- 506242089.1