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Ordinance 2557-01
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Ordinance 2557-01
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4/9/2014 2:30:47 PM
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Ordinances
Ordinance Number
2557-01
Date
11/28/2001
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Serial Maturity Dates means the dates on which the Serial Bonds mature, as determined <br /> pursuant to Section 2.09(c). <br /> S&P means Standard & Poor's Ratings Services, a Division of The McGraw-Hill <br /> Companies, and its successors and assigns, except that if such corporation shall be dissolved or <br /> liquidated or shall no longer perform the functions of a securities rating agency, then the term <br /> S&P shall be deemed to refer to any other nationally recognized securities rating agency (other <br /> than Moody's or Fitch) selected by the Finance Director-Treasurer. <br /> Substitution Date means the date on which an Alternate Credit Facility is to be <br /> substituted for an existing Credit Facility. <br /> Underwriter means Banc of America Securities LLC. <br /> Weekly Mode means the Mode in which the Interest Rate on the Bonds is determined on <br /> a weekly basis. <br /> Weekly Rate means the per annum interest rate on the Bonds in the Weekly Mode <br /> determined pursuant to Section 2.09. <br /> Yield Reduction Payments mean payments made to the United States in the manner <br /> permitted by Internal Revenue Service regulations that reduce the yield on investments. <br /> Section 1.02. Interpretation. In this ordinance, unless the context otherwise requires: <br /> (a) The terms "hereby," "hereof," "hereto," "herein, "hereunder" and any <br /> similar terms, as used in this ordinance, refer to this ordinance as a whole and not to any <br /> particular article, section, subdivision or clause hereof, and the term "hereafter" shall mean after, <br /> and the term "heretofore" shall mean before, the date of this ordinance; <br /> -13- P\CMW\CMW4ZL 11/20/01 <br />
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