Ordinance 2557-01 - Laserfiche WebLink

on a day that is not an Interest Payment Date, accrued interest to the Purchase Date, or (b) an amount equal to the principal amount of any Bond purchased on a Mandatory Purchase Date. Rate Determination Date means the date on which the interest rate(s) on a Bond (other than a Bank Bond) shall be determined, which, (a) in the case of the Weekly Mode, shall be no later than the Business Day prior to the Closing Date, and thereafter, shall be each Wednesday or, if Wednesday is not a Business Day, the next succeeding day or, if such day is not a Business Day, then the Business Day next preceding such Wednesday; and (b) in the case of the Fixed Mode, shall be a Business Day determined by the Remarketing Agent at least one Business Day prior to the Fixed Rate Conversion Date. Rating Agency means Fitch, Moody's or S&P. Rating Category means the generic rating categories of a Rating Agency, without regard to any refinement or gradation of such rating category by a numerical modifier or otherwise. Rebate Amount means the amount, if any, determined to be payable with respect to the Bonds by the City to the United States of America in accordance with Section 148(f) of the Code. Record Date means: (a) with respect to Bank Bonds and Bonds in a Weekly Mode, the close of business as of the day (whether or not a Business Day) next preceding each Interest Payment Date; and (b) with respect to Bonds in the Fixed Mode, the 15th day (whether or not a Business Day) of the month next preceding each Interest Payment Date. Redemption Date means the date fixed for redemption of Bonds subject to redemption in any notice of redemption given in accordance with the terms hereof. -11- P\CMW\CMW4ZL 11/20/01